Captrust Financial Advisors Lowers Stock Holdings in ProShares UltraPro QQQ (NASDAQ:TQQQ)

Captrust Financial Advisors lowered its position in shares of ProShares UltraPro QQQ (NASDAQ:TQQQ) by 27.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,020 shares of the exchange traded fund’s stock after selling 1,547 shares during the quarter. Captrust Financial Advisors’ holdings in ProShares UltraPro QQQ were worth $318,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the company. SVB Wealth LLC acquired a new stake in shares of ProShares UltraPro QQQ in the fourth quarter valued at approximately $791,000. Raymond James Financial Inc. acquired a new stake in ProShares UltraPro QQQ during the fourth quarter worth $364,000. Chung Wu Investment Group LLC acquired a new stake in shares of ProShares UltraPro QQQ in the fourth quarter valued at $983,000. LPL Financial LLC boosted its holdings in ProShares UltraPro QQQ by 15.5% in the fourth quarter. LPL Financial LLC now owns 71,975 shares of the exchange traded fund’s stock valued at $5,695,000 after purchasing an additional 9,684 shares during the period. Finally, Envestnet Asset Management Inc. purchased a new stake in ProShares UltraPro QQQ during the 4th quarter worth about $390,000.

ProShares UltraPro QQQ Price Performance

Shares of NASDAQ TQQQ opened at $70.89 on Wednesday. The business has a 50-day moving average of $56.21 and a two-hundred day moving average of $72.29. ProShares UltraPro QQQ has a 1 year low of $35.00 and a 1 year high of $93.79. The company has a market capitalization of $25.86 billion, a price-to-earnings ratio of 32.04 and a beta of 3.53.

ProShares UltraPro QQQ Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Wednesday, March 26th were paid a dividend of $0.1977 per share. This represents a $0.79 annualized dividend and a yield of 1.12%. The ex-dividend date was Wednesday, March 26th.

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.