Family Capital Management Inc. Cuts Position in ProShares UltraPro QQQ (NASDAQ:TQQQ)

Family Capital Management Inc. decreased its position in shares of ProShares UltraPro QQQ (NASDAQ:TQQQ) by 2.9% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,218 shares of the exchange traded fund’s stock after selling 124 shares during the period. Family Capital Management Inc.’s holdings in ProShares UltraPro QQQ were worth $334,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. RPg Family Wealth Advisory LLC bought a new stake in shares of ProShares UltraPro QQQ in the 3rd quarter worth approximately $32,000. PayPay Securities Corp lifted its stake in ProShares UltraPro QQQ by 119.3% in the fourth quarter. PayPay Securities Corp now owns 500 shares of the exchange traded fund’s stock worth $40,000 after purchasing an additional 272 shares during the last quarter. Signaturefd LLC boosted its position in ProShares UltraPro QQQ by 153.8% during the third quarter. Signaturefd LLC now owns 1,081 shares of the exchange traded fund’s stock valued at $78,000 after buying an additional 655 shares during the period. Farther Finance Advisors LLC grew its stake in shares of ProShares UltraPro QQQ by 235.7% during the third quarter. Farther Finance Advisors LLC now owns 1,541 shares of the exchange traded fund’s stock valued at $112,000 after buying an additional 1,082 shares during the last quarter. Finally, James J. Burns & Company LLC purchased a new position in shares of ProShares UltraPro QQQ in the fourth quarter worth about $206,000.

ProShares UltraPro QQQ Stock Performance

Shares of TQQQ stock opened at $88.79 on Friday. The business has a 50-day moving average of $83.86 and a 200 day moving average of $75.47. ProShares UltraPro QQQ has a 1-year low of $48.80 and a 1-year high of $93.79.

ProShares UltraPro QQQ Increases Dividend

The company also recently announced a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd were issued a $0.2754 dividend. This is a boost from ProShares UltraPro QQQ’s previous dividend of $0.23. The ex-dividend date was Monday, December 23rd.

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.