CPR Investments Inc. Lowers Position in ProShares UltraPro QQQ $TQQQ

CPR Investments Inc. decreased its stake in shares of ProShares UltraPro QQQ (NASDAQ:TQQQ) by 10.9% in the second quarter, Holdings Channel.com reports. The fund owned 11,045 shares of the exchange traded fund’s stock after selling 1,349 shares during the period. ProShares UltraPro QQQ comprises about 0.7% of CPR Investments Inc.’s holdings, making the stock its 25th biggest position. CPR Investments Inc.’s holdings in ProShares UltraPro QQQ were worth $917,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Ameritas Advisory Services LLC purchased a new stake in ProShares UltraPro QQQ in the 2nd quarter worth $25,000. MRP Capital Investments LLC purchased a new position in shares of ProShares UltraPro QQQ in the first quarter valued at $29,000. Columbia River Financial Group LLC bought a new stake in ProShares UltraPro QQQ in the first quarter worth $47,000. Keystone Financial Group Inc. purchased a new stake in ProShares UltraPro QQQ during the second quarter valued at $48,000. Finally, Dogwood Wealth Management LLC lifted its position in ProShares UltraPro QQQ by 302.0% during the second quarter. Dogwood Wealth Management LLC now owns 1,001 shares of the exchange traded fund’s stock valued at $83,000 after purchasing an additional 752 shares during the last quarter.

ProShares UltraPro QQQ Stock Down 1.4%

Shares of NASDAQ:TQQQ opened at $104.70 on Monday. The firm has a fifty day simple moving average of $94.15 and a two-hundred day simple moving average of $76.66. ProShares UltraPro QQQ has a 52 week low of $35.00 and a 52 week high of $106.87. The stock has a market capitalization of $28.00 billion, a P/E ratio of 38.25 and a beta of 3.45.

ProShares UltraPro QQQ Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Wednesday, September 24th were given a dividend of $0.0978 per share. 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

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.