Capital Investment Advisors LLC Buys 37,086 Shares of ProShares UltraPro QQQ $TQQQ

Capital Investment Advisors LLC lifted its stake in ProShares UltraPro QQQ (NASDAQ:TQQQ) by 96.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 75,500 shares of the exchange traded fund’s stock after acquiring an additional 37,086 shares during the quarter. Capital Investment Advisors LLC’s holdings in ProShares UltraPro QQQ were worth $3,980,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the stock. Cantor Fitzgerald L. P. boosted its holdings in ProShares UltraPro QQQ by 823.5% in the third quarter. Cantor Fitzgerald L. P. now owns 779,017 shares of the exchange traded fund’s stock worth $80,550,000 after purchasing an additional 694,661 shares during the last quarter. McElhenny Sheffield Capital Management LLC raised its stake in ProShares UltraPro QQQ by 4.8% during the 3rd quarter. McElhenny Sheffield Capital Management LLC now owns 682,781 shares of the exchange traded fund’s stock valued at $70,600,000 after buying an additional 31,361 shares during the last quarter. Citigroup Inc. lifted its holdings in shares of ProShares UltraPro QQQ by 3,108.0% during the 3rd quarter. Citigroup Inc. now owns 601,603 shares of the exchange traded fund’s stock valued at $62,206,000 after buying an additional 621,603 shares during the period. Goldman Sachs Group Inc. lifted its holdings in shares of 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 valued at $29,821,000 after buying an additional 508,444 shares during the period. Finally, Flow Traders U.S. LLC boosted its stake in shares of ProShares UltraPro QQQ by 49.7% in the 2nd quarter. Flow Traders U.S. LLC now owns 296,913 shares of the exchange traded fund’s stock worth $24,644,000 after buying an additional 98,613 shares during the last quarter.

ProShares UltraPro QQQ Price Performance

Shares of TQQQ opened at $38.78 on Friday. ProShares UltraPro QQQ has a one year low of $17.50 and a one year high of $60.69. The firm has a market capitalization of $20.82 billion, a P/E ratio of 38.25 and a beta of 3.46. The business has a fifty day moving average of $49.50 and a 200 day moving average of $51.95.

ProShares UltraPro QQQ Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Wednesday, March 25th will be given a $0.0716 dividend. This represents a $0.29 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend is Wednesday, March 25th.

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. ProShare Advisors LLC (ProShare Advisors) provides the investment advisory and management services for the Fund.