Family Capital Management Inc. Trims Stake in ProShares UltraPro QQQ (NASDAQ:TQQQ)

Family Capital Management Inc. lowered its position in ProShares UltraPro QQQ (NASDAQ:TQQQ) by 34.1% in the 4th quarter, Holdings Channel reports. The firm owned 4,789 shares of the exchange traded fund’s stock after selling 2,476 shares during the quarter. Family Capital Management Inc.’s holdings in ProShares UltraPro QQQ were worth $243,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of TQQQ. CPR Investments Inc. increased its holdings in ProShares UltraPro QQQ by 491.6% during the 4th quarter. CPR Investments Inc. now owns 82,376 shares of the exchange traded fund’s stock worth $4,176,000 after purchasing an additional 68,451 shares during the period. CHURCHILL MANAGEMENT Corp purchased a new stake in shares of ProShares UltraPro QQQ in the 4th quarter worth approximately $7,033,000. International Assets Investment Management LLC bought a new position in shares of ProShares UltraPro QQQ during the fourth quarter valued at approximately $5,141,000. Bleakley Financial Group LLC purchased a new position in ProShares UltraPro QQQ during the fourth quarter valued at approximately $3,017,000. Finally, Jump Financial LLC lifted its holdings in ProShares UltraPro QQQ by 285.6% during the third quarter. Jump Financial LLC now owns 963,221 shares of the exchange traded fund’s stock worth $34,310,000 after buying an additional 713,425 shares during the period.

ProShares UltraPro QQQ Stock Down 1.8 %

NASDAQ TQQQ traded down $0.96 during midday trading on Thursday, hitting $52.75. 85,451,563 shares of the company traded hands, compared to its average volume of 73,534,711. ProShares UltraPro QQQ has a 52 week low of $25.17 and a 52 week high of $64.13. The company’s 50-day simple moving average is $59.69 and its 200-day simple moving average is $50.08.

ProShares UltraPro QQQ Dividend Announcement

The company also recently announced a dividend, which was paid on Wednesday, March 27th. Shareholders of record on Thursday, March 21st were issued a $0.2151 dividend. The ex-dividend date was Wednesday, March 20th.

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.