Axxcess Wealth Management LLC Sells 61,224 Shares of ProShares UltraPro QQQ (NASDAQ:TQQQ)

Axxcess Wealth Management LLC trimmed its position in shares of ProShares UltraPro QQQ (NASDAQ:TQQQ - Free Report) by 88.8% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 7,756 shares of the exchange traded fund's stock after selling 61,224 shares during the period. Axxcess Wealth Management LLC's holdings in ProShares UltraPro QQQ were worth $477,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Flagstar Advisors Inc. raised its stake in shares of ProShares UltraPro QQQ by 0.4% in the 4th quarter. Flagstar Advisors Inc. now owns 53,439 shares of the exchange traded fund's stock valued at $2,709,000 after acquiring an additional 233 shares during the period. Wealthspire Advisors LLC raised its position in ProShares UltraPro QQQ by 3.8% in the fourth quarter. Wealthspire Advisors LLC now owns 7,569 shares of the exchange traded fund's stock valued at $384,000 after purchasing an additional 279 shares during the period. Physician Wealth Advisors Inc. lifted its stake in shares of ProShares UltraPro QQQ by 4.1% during the first quarter. Physician Wealth Advisors Inc. now owns 7,675 shares of the exchange traded fund's stock worth $472,000 after purchasing an additional 302 shares in the last quarter. Millington Financial Advisors LLC boosted its position in shares of ProShares UltraPro QQQ by 2.3% in the fourth quarter. Millington Financial Advisors LLC now owns 18,148 shares of the exchange traded fund's stock worth $920,000 after buying an additional 412 shares during the period. Finally, Signaturefd LLC grew its stake in shares of ProShares UltraPro QQQ by 9.6% in the fourth quarter. Signaturefd LLC now owns 4,798 shares of the exchange traded fund's stock valued at $243,000 after buying an additional 422 shares in the last quarter.

ProShares UltraPro QQQ Stock Performance

ProShares UltraPro QQQ stock traded up $1.81 during midday trading on Friday, hitting $65.08. 68,703,452 shares of the company were exchanged, compared to its average volume of 63,452,590. ProShares UltraPro QQQ has a fifty-two week low of $30.47 and a fifty-two week high of $85.20. The company's fifty day moving average price is $72.04 and its 200-day moving average price is $62.68.

ProShares UltraPro QQQ Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 3rd. Stockholders of record on Wednesday, June 26th were paid a $0.2828 dividend. The ex-dividend date was Wednesday, June 26th. This is an increase from ProShares UltraPro QQQ's previous quarterly dividend of $0.22. This represents a $1.13 annualized dividend and a dividend yield of 1.74%.

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.