CPR Investments Inc. Boosts Stake in ProShares Ultra QQQ $QLD

CPR Investments Inc. raised its holdings in ProShares Ultra QQQ (NYSEARCA:QLD) by 277.3% during the 4th quarter, Holdings Channel reports. The firm owned 12,673 shares of the company’s stock after buying an additional 9,314 shares during the quarter. ProShares Ultra QQQ makes up about 0.6% of CPR Investments Inc.’s holdings, making the stock its 26th largest holding. CPR Investments Inc.’s holdings in ProShares Ultra QQQ were worth $926,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Integrated Wealth Concepts LLC acquired a new position in shares of ProShares Ultra QQQ during the 1st quarter worth about $557,000. Schnieders Capital Management LLC. purchased a new position in shares of ProShares Ultra QQQ in the second quarter valued at approximately $271,000. JPMorgan Chase & Co. boosted its stake in shares of ProShares Ultra QQQ by 41,735.7% in the second quarter. JPMorgan Chase & Co. now owns 11,714 shares of the company’s stock worth $1,379,000 after acquiring an additional 11,686 shares during the last quarter. Elevation Point Wealth Partners LLC acquired a new position in ProShares Ultra QQQ in the 2nd quarter valued at $38,000. Finally, Virtue Capital Management LLC purchased a new position in ProShares Ultra QQQ in the 2nd quarter valued at $653,000.

ProShares Ultra QQQ Stock Down 3.9%

Shares of NYSEARCA QLD opened at $58.05 on Friday. The stock has a market capitalization of $8.64 billion, a price-to-earnings ratio of 31.03 and a beta of 2.31. ProShares Ultra QQQ has a 52 week low of $32.36 and a 52 week high of $76.67. The firm has a 50-day simple moving average of $67.85 and a 200-day simple moving average of $69.52.

ProShares Ultra QQQ Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Wednesday, March 25th will be given a dividend of $0.0132 per share. This represents a $0.05 annualized dividend and a dividend yield of 0.1%. The ex-dividend date of this dividend is Wednesday, March 25th.

About ProShares Ultra QQQ

ProShares Ultra QQQ (the Fund), formerly Ultra QQQ ProShares, seeks daily investment results that correspond to twice the daily performance of the NASDAQ-100 Index. The NASDAQ-100 Index represents the largest non-financial domestic and international issues listed on The NASDAQ Stock Market. To be eligible for inclusion, companies cannot be in bankruptcy proceedings and must meet certain additional criteria, including minimum trading volume and seasoning requirements. The Index is calculated under a modified capitalization-weighted methodology.