Prime Capital Investment Advisors LLC Sells 3,288 Shares of ProShares UltraPro QQQ (NASDAQ:TQQQ)

Prime Capital Investment Advisors LLC cut its position in ProShares UltraPro QQQ (NASDAQ:TQQQ) by 41.5% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,640 shares of the exchange traded fund’s stock after selling 3,288 shares during the quarter. Prime Capital Investment Advisors LLC’s holdings in ProShares UltraPro QQQ were worth $336,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. SG Americas Securities LLC purchased a new stake in ProShares UltraPro QQQ in the first quarter valued at $560,000. Safeguard Investment Advisory Group LLC acquired a new stake in ProShares UltraPro QQQ during the first quarter worth about $254,000. Lake Street Advisors Group LLC purchased a new position in ProShares UltraPro QQQ during the first quarter valued at approximately $251,000. CreativeOne Wealth LLC lifted its holdings in ProShares UltraPro QQQ by 144.9% in the first quarter. CreativeOne Wealth LLC now owns 16,848 shares of the exchange traded fund’s stock valued at $1,037,000 after acquiring an additional 9,969 shares during the period. Finally, Sheaff Brock Investment Advisors LLC boosted its position in ProShares UltraPro QQQ by 0.7% in the 1st quarter. Sheaff Brock Investment Advisors LLC now owns 26,282 shares of the exchange traded fund’s stock worth $1,618,000 after purchasing an additional 187 shares in the last quarter.

ProShares UltraPro QQQ Trading Down 7.2 %

Shares of ProShares UltraPro QQQ stock opened at $74.27 on Friday. The firm has a 50-day simple moving average of $72.62 and a two-hundred day simple moving average of $69.39. ProShares UltraPro QQQ has a fifty-two week low of $41.73 and a fifty-two week high of $85.20.

ProShares UltraPro QQQ Increases Dividend

The firm also recently declared a dividend, which was paid on Wednesday, October 2nd. Investors of record on Wednesday, September 25th were issued a $0.2302 dividend. This is a boost from ProShares UltraPro QQQ’s previous dividend of $0.22. The ex-dividend date was Wednesday, September 25th.

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.