CPR Investments Inc. Reduces Position in ProShares UltraPro QQQ $TQQQ

CPR Investments Inc. trimmed its stake in ProShares UltraPro QQQ (NASDAQ:TQQQ) by 10.9% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,045 shares of the exchange traded fund’s stock after selling 1,349 shares during the period. ProShares UltraPro QQQ accounts for approximately 0.7% of CPR Investments Inc.’s holdings, making the stock its 25th largest position. CPR Investments Inc.’s holdings in ProShares UltraPro QQQ were worth $917,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of TQQQ. Kingstone Capital Partners Texas LLC bought a new stake in ProShares UltraPro QQQ during the second quarter valued at about $395,951,000. IMC Chicago LLC lifted its position in shares of ProShares UltraPro QQQ by 9,296.8% during the 2nd quarter. IMC Chicago LLC now owns 1,168,112 shares of the exchange traded fund’s stock valued at $96,953,000 after buying an additional 1,155,681 shares in the last quarter. Jump Financial LLC purchased a new stake in ProShares UltraPro QQQ in the 1st quarter worth approximately $53,458,000. Goldman Sachs Group Inc. raised its stake in ProShares UltraPro QQQ by 4,237.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 520,444 shares of the exchange traded fund’s stock worth $29,821,000 after acquiring an additional 508,444 shares during the period. Finally, Oriental Harbor Investment Fund lifted its holdings in ProShares UltraPro QQQ by 47.3% during the first quarter. Oriental Harbor Investment Fund now owns 1,515,410 shares of the exchange traded fund’s stock valued at $86,488,000 after purchasing an additional 486,506 shares in the last quarter.

ProShares UltraPro QQQ Price Performance

Shares of NASDAQ TQQQ opened at $104.70 on Monday. The stock has a market cap of $28.00 billion, a PE ratio of 38.25 and a beta of 3.45. ProShares UltraPro QQQ has a 1 year low of $35.00 and a 1 year high of $106.87. The firm has a fifty day moving average price of $94.15 and a 200-day moving average price of $76.66.

ProShares UltraPro QQQ Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Wednesday, September 24th were issued a dividend of $0.0978 per share. The ex-dividend date of this dividend was Wednesday, September 24th. This represents a $0.39 dividend on an annualized basis and a yield of 0.4%.

ProShares UltraPro QQQ Company 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.