Family Capital Management Inc. Decreases Holdings in ProShares UltraPro QQQ $TQQQ

Family Capital Management Inc. trimmed its holdings in shares of ProShares UltraPro QQQ (NASDAQ:TQQQFree Report) by 5.9% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 4,167 shares of the exchange traded fund’s stock after selling 261 shares during the period. Family Capital Management Inc.’s holdings in ProShares UltraPro QQQ were worth $346,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in TQQQ. Ameritas Advisory Services LLC acquired a new position in ProShares UltraPro QQQ in the 2nd quarter worth $25,000. MRP Capital Investments LLC acquired a new position in ProShares UltraPro QQQ in the 1st quarter worth $29,000. Columbia River Financial Group LLC acquired a new position in ProShares UltraPro QQQ in the 1st quarter worth $47,000. Keystone Financial Group Inc. acquired a new position in ProShares UltraPro QQQ in the 2nd quarter worth $48,000. Finally, Bogart Wealth LLC acquired a new position in ProShares UltraPro QQQ in the 2nd quarter worth $58,000.

ProShares UltraPro QQQ Price Performance

Shares of TQQQ stock opened at $107.77 on Wednesday. ProShares UltraPro QQQ has a 12 month low of $35.00 and a 12 month high of $109.66. The firm has a market capitalization of $29.50 billion, a P/E ratio of 38.25 and a beta of 3.45. The company’s fifty day moving average price is $97.87 and its two-hundred day moving average price is $80.36.

ProShares UltraPro QQQ Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Wednesday, September 24th were issued a $0.0978 dividend. The ex-dividend date was Wednesday, September 24th. This represents a $0.39 dividend on an annualized basis and a yield of 0.4%.

About ProShares UltraPro QQQ

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for ProShares UltraPro QQQ (NASDAQ:TQQQ)

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