ProShares UltraPro QQQ $TQQQ Shares Sold by Family Capital Management Inc.

Family Capital Management Inc. lessened its stake in ProShares UltraPro QQQ (NASDAQ:TQQQ) by 5.9% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,167 shares of the exchange traded fund’s stock after selling 261 shares during the quarter. Family Capital Management Inc.’s holdings in ProShares UltraPro QQQ were worth $346,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of TQQQ. Wealth Enhancement Advisory Services LLC raised its stake in shares of ProShares UltraPro QQQ by 24.8% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 67,691 shares of the exchange traded fund’s stock valued at $3,879,000 after purchasing an additional 13,452 shares in the last quarter. Global Assets Advisory LLC acquired a new stake in shares of ProShares UltraPro QQQ in the 1st quarter valued at about $469,000. Golden State Equity Partners raised its stake in shares of ProShares UltraPro QQQ by 8.3% in the 1st quarter. Golden State Equity Partners now owns 4,355 shares of the exchange traded fund’s stock valued at $250,000 after purchasing an additional 332 shares in the last quarter. PMV Capital Advisers LLC raised its stake in ProShares UltraPro QQQ by 202.5% during the first quarter. PMV Capital Advisers LLC now owns 10,817 shares of the exchange traded fund’s stock worth $620,000 after acquiring an additional 7,241 shares during the period. Finally, Balefire LLC raised its stake in ProShares UltraPro QQQ by 95.7% during the first quarter. Balefire LLC now owns 23,654 shares of the exchange traded fund’s stock worth $1,355,000 after acquiring an additional 11,565 shares during the period.

ProShares UltraPro QQQ Stock Down 0.1%

TQQQ opened at $107.77 on Wednesday. The firm has a market cap of $29.50 billion, a price-to-earnings ratio of 38.25 and a beta of 3.45. ProShares UltraPro QQQ has a fifty-two week low of $35.00 and a fifty-two week high of $109.66. The company’s 50-day moving average price is $97.87 and its 200 day moving average price is $80.36.

ProShares UltraPro QQQ Cuts Dividend

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

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.