Cantor Fitzgerald L. P. Sells 188,686 Shares of ProShares UltraPro QQQ (NASDAQ:TQQQ)

Cantor Fitzgerald L. P. lowered its holdings in ProShares UltraPro QQQ (NASDAQ:TQQQ - Free Report) by 64.1% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 105,662 shares of the exchange traded fund's stock after selling 188,686 shares during the period. ProShares UltraPro QQQ makes up about 0.2% of Cantor Fitzgerald L. P.'s portfolio, making the stock its 18th largest holding. Cantor Fitzgerald L. P.'s holdings in ProShares UltraPro QQQ were worth $8,361,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the company. SVB Wealth LLC purchased a new position in shares of ProShares UltraPro QQQ in the fourth quarter valued at $791,000. Chung Wu Investment Group LLC bought a new stake in ProShares UltraPro QQQ in the fourth quarter worth $983,000. LPL Financial LLC lifted its stake in shares of ProShares UltraPro QQQ by 15.5% in the fourth quarter. LPL Financial LLC now owns 71,975 shares of the exchange traded fund's stock worth $5,695,000 after buying an additional 9,684 shares in the last quarter. Schwallier Wealth Management LLC bought a new stake in shares of ProShares UltraPro QQQ in the 4th quarter worth $396,000. Finally, Envestnet Asset Management Inc. bought a new position in ProShares UltraPro QQQ during the fourth quarter valued at approximately $390,000.

ProShares UltraPro QQQ Stock Down 0.2 %

NASDAQ:TQQQ traded down $0.12 during trading hours on Friday, hitting $58.99. 73,056,905 shares of the stock traded hands, compared to its average volume of 65,530,115. ProShares UltraPro QQQ has a 1 year low of $35.00 and a 1 year high of $93.79. The company has a market cap of $22.84 billion, a price-to-earnings ratio of 27.46 and a beta of 3.45. The stock has a 50 day moving average price of $55.48 and a 200 day moving average price of $72.57.

ProShares UltraPro QQQ Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Wednesday, March 26th were given a $0.1977 dividend. The ex-dividend date of this dividend was Wednesday, March 26th. This represents a $0.79 dividend on an annualized basis and a dividend yield of 1.34%.

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.