Axxcess Wealth Management LLC Increases Holdings in ProShares UltraPro QQQ (NASDAQ:TQQQ)

Axxcess Wealth Management LLC lifted its position in ProShares UltraPro QQQ (NASDAQ:TQQQ) by 31.8% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,219 shares of the exchange traded fund’s stock after buying an additional 2,463 shares during the period. Axxcess Wealth Management LLC’s holdings in ProShares UltraPro QQQ were worth $754,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the company. Benjamin F. Edwards & Company Inc. bought a new stake in shares of ProShares UltraPro QQQ during the 1st quarter valued at about $37,000. Westend Capital Management LLC bought a new stake in ProShares UltraPro QQQ during the first quarter valued at approximately $48,000. Hantz Financial Services Inc. purchased a new stake in ProShares UltraPro QQQ during the second quarter valued at approximately $68,000. Massmutual Trust Co. FSB ADV bought a new position in ProShares UltraPro QQQ in the first quarter worth approximately $63,000. Finally, Fairfield Financial Advisors LTD purchased a new position in shares of ProShares UltraPro QQQ during the 2nd quarter worth $117,000.

ProShares UltraPro QQQ Price Performance

Shares of TQQQ stock opened at $70.58 on Friday. ProShares UltraPro QQQ has a 1 year low of $30.47 and a 1 year high of $85.20. The firm has a fifty day moving average price of $66.47 and a 200-day moving average price of $64.82.

ProShares UltraPro QQQ Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 3rd. Shareholders of record on Wednesday, June 26th were issued a dividend of $0.2828 per share. This represents a $1.13 annualized dividend and a yield of 1.60%. The ex-dividend date of this dividend was Wednesday, June 26th. This is a positive change from ProShares UltraPro QQQ’s previous quarterly dividend of $0.22.

ProShares UltraPro QQQ Profile

Proshares UltraPro QQQ ETF (the Fund) seeks daily investment results, before fees and expenses that correspond to triple (300%) the daily performance of the NASDAQ-100 Index (the Index). The Fund invests in equity securities, derivatives, such as futures contracts, swap agreements, and money market instruments.