Howard Capital Management Inc. Purchases 25,087 Shares of ProShares UltraPro QQQ (NASDAQ:TQQQ)

Howard Capital Management Inc. grew its stake in ProShares UltraPro QQQ (NASDAQ:TQQQ - Free Report) by 7.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 378,154 shares of the exchange traded fund's stock after purchasing an additional 25,087 shares during the quarter. ProShares UltraPro QQQ makes up approximately 2.7% of Howard Capital Management Inc.'s investment portfolio, making the stock its 6th largest holding. Howard Capital Management Inc. owned approximately 0.12% of ProShares UltraPro QQQ worth $27,929,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of TQQQ. IMC Chicago LLC raised its position in shares of ProShares UltraPro QQQ by 1,635.6% in the fourth quarter. IMC Chicago LLC now owns 9,191,741 shares of the exchange traded fund's stock valued at $466,021,000 after purchasing an additional 8,662,153 shares during the period. Jane Street Group LLC grew its stake in shares of ProShares UltraPro QQQ by 444.5% in the first quarter. Jane Street Group LLC now owns 10,280,259 shares of the exchange traded fund's stock valued at $632,853,000 after acquiring an additional 8,392,312 shares in the last quarter. Flow Traders U.S. LLC grew its stake in shares of ProShares UltraPro QQQ by 433.9% in the first quarter. Flow Traders U.S. LLC now owns 1,532,199 shares of the exchange traded fund's stock valued at $94,322,000 after acquiring an additional 1,245,229 shares in the last quarter. PPSC Investment Service Corp acquired a new position in shares of ProShares UltraPro QQQ in the second quarter valued at about $12,662,000. Finally, Orion Portfolio Solutions LLC acquired a new position in shares of ProShares UltraPro QQQ in the fourth quarter valued at about $5,574,000.

ProShares UltraPro QQQ Trading Down 8.1 %

Shares of TQQQ stock traded down $5.03 on Friday, hitting $56.99. The company's stock had a trading volume of 84,952,304 shares, compared to its average volume of 64,074,461. The stock's 50 day moving average is $68.97 and its 200-day moving average is $64.54. ProShares UltraPro QQQ has a fifty-two week low of $30.47 and a fifty-two week high of $85.20.

ProShares UltraPro QQQ Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 3rd. Investors of record on Wednesday, June 26th were paid a $0.2828 dividend. The ex-dividend date of this dividend 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 1.98%.

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.