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

Capital Investment Advisors LLC increased its holdings in ProShares UltraPro QQQ (NASDAQ:TQQQ) by 96.5% during the fourth quarter, HoldingsChannel.com reports. The institutional investor 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 and Exchange Commission.

Several other large investors also recently added to or reduced their stakes in TQQQ. Cantor Fitzgerald L. P. increased its holdings in ProShares UltraPro QQQ by 823.5% during the third quarter. Cantor Fitzgerald L. P. now owns 779,017 shares of the exchange traded fund’s stock valued at $80,550,000 after buying an additional 694,661 shares during the last quarter. Citigroup Inc. boosted its stake 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 worth $62,206,000 after acquiring an additional 621,603 shares during the last quarter. Goldman Sachs Group Inc. grew its position 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 acquiring an additional 508,444 shares during the period. Tower Research Capital LLC TRC grew its position in shares of ProShares UltraPro QQQ by 387.1% during the 2nd quarter. Tower Research Capital LLC TRC now owns 198,910 shares of the exchange traded fund’s stock valued at $16,510,000 after acquiring an additional 158,074 shares during the period. Finally, Vestia Personal Wealth Advisors increased its stake in shares of ProShares UltraPro QQQ by 208.9% in the 3rd quarter. Vestia Personal Wealth Advisors now owns 154,444 shares of the exchange traded fund’s stock worth $154,000 after purchasing an additional 104,444 shares in the last quarter.

ProShares UltraPro QQQ Stock Performance

Shares of ProShares UltraPro QQQ stock 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 stock’s fifty day moving average is $49.50 and its 200 day moving average is $51.95. The stock has a market cap of $20.82 billion, a P/E ratio of 38.25 and a beta of 3.46.

ProShares UltraPro QQQ Cuts Dividend

The business also recently declared 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. The ex-dividend date is Wednesday, March 25th. This represents a $0.29 dividend on an annualized basis and a yield of 0.7%.

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.