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

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

Several other large investors have also recently modified their holdings of TQQQ. Vontobel Holding Ltd. lifted its holdings in ProShares UltraPro QQQ by 176.8% during the 3rd quarter. Vontobel Holding Ltd. now owns 27,366 shares of the exchange traded fund’s stock worth $1,984,000 after purchasing an additional 17,478 shares in the last quarter. Transform Wealth LLC lifted its holdings in shares of ProShares UltraPro QQQ by 9.6% in the third quarter. Transform Wealth LLC now owns 4,295 shares of the exchange traded fund’s stock worth $312,000 after buying an additional 377 shares in the last quarter. Physician Wealth Advisors Inc. boosted its position in shares of ProShares UltraPro QQQ by 1.9% in the third quarter. Physician Wealth Advisors Inc. now owns 7,723 shares of the exchange traded fund’s stock valued at $565,000 after acquiring an additional 143 shares during the period. Capital Investment Advisors LLC grew its stake in ProShares UltraPro QQQ by 0.4% during the third quarter. Capital Investment Advisors LLC now owns 44,082 shares of the exchange traded fund’s stock valued at $3,196,000 after acquiring an additional 178 shares in the last quarter. Finally, Wealth Alliance Advisory Group LLC increased its holdings in ProShares UltraPro QQQ by 68.0% during the 3rd quarter. Wealth Alliance Advisory Group LLC now owns 9,002 shares of the exchange traded fund’s stock worth $653,000 after acquiring an additional 3,643 shares during the period.

ProShares UltraPro QQQ Price Performance

Shares of NASDAQ:TQQQ opened at $88.79 on Friday. The firm has a fifty day moving average price of $83.86 and a two-hundred day moving average price of $75.47. ProShares UltraPro QQQ has a one year low of $48.80 and a one year high of $93.79.

ProShares UltraPro QQQ Increases Dividend

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

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.