GFG Capital LLC Sells 250 Shares of ProShares UltraPro QQQ (NASDAQ:TQQQ)

GFG Capital LLC cut its position in ProShares UltraPro QQQ (NASDAQ:TQQQ) by 6.4% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 3,661 shares of the exchange traded fund’s stock after selling 250 shares during the period. GFG Capital LLC’s holdings in ProShares UltraPro QQQ were worth $270,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently made changes to their positions in the company. Visionary Wealth Advisors bought a new stake in shares of ProShares UltraPro QQQ during the 4th quarter valued at $681,000. Cerity Partners LLC bought a new stake in shares of ProShares UltraPro QQQ during the 4th quarter valued at $834,000. Global Assets Advisory LLC bought a new stake in shares of ProShares UltraPro QQQ during the 1st quarter valued at $721,000. Tower Research Capital LLC TRC raised its stake in shares of ProShares UltraPro QQQ by 32.9% during the 4th quarter. Tower Research Capital LLC TRC now owns 80,360 shares of the exchange traded fund’s stock valued at $4,074,000 after purchasing an additional 19,899 shares during the period. Finally, TB Alternative Assets Ltd. bought a new stake in shares of ProShares UltraPro QQQ during the 1st quarter valued at $4,352,000.

ProShares UltraPro QQQ Stock Performance

Shares of NASDAQ:TQQQ traded down $0.44 during midday trading on Tuesday, reaching $70.86. 48,244,880 shares of the company traded hands, compared to its average volume of 64,592,988. ProShares UltraPro QQQ has a 12 month low of $30.47 and a 12 month high of $85.20. The firm’s fifty day moving average price is $71.12 and its two-hundred day moving average price is $63.83.

ProShares UltraPro QQQ Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 3rd. Shareholders of record on Wednesday, June 26th were paid a $0.2828 dividend. This is a positive change from ProShares UltraPro QQQ’s previous quarterly dividend of $0.22. This represents a $1.13 dividend on an annualized basis and a yield of 1.60%. The ex-dividend date of this dividend was Wednesday, June 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.