Prime Capital Investment Advisors LLC Has $291,000 Holdings in ProShares UltraPro QQQ (NASDAQ:TQQQ)

Prime Capital Investment Advisors LLC reduced its stake in shares of ProShares UltraPro QQQ (NASDAQ:TQQQ - Free Report) by 76.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,740 shares of the exchange traded fund's stock after selling 18,174 shares during the period. Prime Capital Investment Advisors LLC's holdings in ProShares UltraPro QQQ were worth $291,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the stock. CPR Investments Inc. raised its holdings in ProShares UltraPro QQQ by 491.6% in the fourth quarter. CPR Investments Inc. now owns 82,376 shares of the exchange traded fund's stock valued at $4,176,000 after buying an additional 68,451 shares during the period. CHURCHILL MANAGEMENT Corp purchased a new position in ProShares UltraPro QQQ in the fourth quarter valued at approximately $7,033,000. Jump Financial LLC raised its holdings in ProShares UltraPro QQQ by 285.6% in the third quarter. Jump Financial LLC now owns 963,221 shares of the exchange traded fund's stock valued at $34,310,000 after buying an additional 713,425 shares during the period. Brookstone Capital Management purchased a new position in ProShares UltraPro QQQ in the fourth quarter valued at approximately $2,812,000. Finally, Citigroup Inc. purchased a new position in ProShares UltraPro QQQ in the third quarter valued at approximately $221,000.

ProShares UltraPro QQQ Trading Down 4.8 %

NASDAQ TQQQ traded down $2.98 during mid-day trading on Friday, hitting $58.72. The company's stock had a trading volume of 86,294,903 shares, compared to its average volume of 72,677,086. ProShares UltraPro QQQ has a 52-week low of $25.17 and a 52-week high of $64.13. The stock's fifty day simple moving average is $59.82 and its two-hundred day simple moving average is $49.66.

ProShares UltraPro QQQ Announces Dividend

The firm also recently declared a dividend, which was paid on Wednesday, March 27th. Investors of record on Thursday, March 21st were issued a $0.2151 dividend. The ex-dividend date of this dividend was Wednesday, March 20th.

ProShares UltraPro QQQ Company 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.