Dale Q Rice Investment Management Ltd Trims Stock Position in ProShares UltraPro QQQ (NASDAQ:TQQQ)

Dale Q Rice Investment Management Ltd trimmed its position in ProShares UltraPro QQQ (NASDAQ:TQQQ) by 35.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,179 shares of the exchange traded fund’s stock after selling 2,878 shares during the quarter. Dale Q Rice Investment Management Ltd’s holdings in ProShares UltraPro QQQ were worth $297,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Cary Street Partners Financial LLC acquired a new position in ProShares UltraPro QQQ in the fourth quarter valued at approximately $47,000. Clear Investment Research LLC increased its stake in ProShares UltraPro QQQ by 83.3% during the fourth quarter. Clear Investment Research LLC now owns 1,054 shares of the exchange traded fund’s stock worth $83,000 after acquiring an additional 479 shares during the last quarter. Beacon Capital Management LLC raised its position in ProShares UltraPro QQQ by 32.8% in the first quarter. Beacon Capital Management LLC now owns 1,823 shares of the exchange traded fund’s stock valued at $104,000 after purchasing an additional 450 shares during the period. Menard Financial Group LLC acquired a new position in shares of ProShares UltraPro QQQ in the 4th quarter valued at $146,000. Finally, Sepio Capital LP purchased a new position in shares of ProShares UltraPro QQQ during the 4th quarter worth $201,000.

ProShares UltraPro QQQ Trading Down 1.4%

Shares of NASDAQ:TQQQ opened at $72.45 on Friday. The company has a market capitalization of $28.06 billion, a price-to-earnings ratio of 38.25 and a beta of 3.45. ProShares UltraPro QQQ has a 12-month low of $35.00 and a 12-month high of $93.79. The business has a 50-day moving average price of $63.88 and a 200 day moving average price of $71.26.

ProShares UltraPro QQQ Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Wednesday, March 26th were given a dividend of $0.1977 per share. This represents a $0.79 dividend on an annualized basis and a dividend yield of 1.09%. The ex-dividend date was Wednesday, March 26th.

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.