Capital Investment Advisory Services LLC Raises Stake in ProShares UltraPro QQQ (NASDAQ:TQQQ)

Capital Investment Advisory Services LLC grew its holdings in shares of ProShares UltraPro QQQ (NASDAQ:TQQQ) by 2.7% during the 4th quarter, HoldingsChannel reports. The fund owned 5,295 shares of the exchange traded fund’s stock after acquiring an additional 140 shares during the quarter. Capital Investment Advisory Services LLC’s holdings in ProShares UltraPro QQQ were worth $419,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the business. RPg Family Wealth Advisory LLC bought a new position in shares of ProShares UltraPro QQQ during the 3rd quarter valued at $32,000. Signaturefd LLC boosted its position in ProShares UltraPro QQQ by 153.8% during the third quarter. Signaturefd LLC now owns 1,081 shares of the exchange traded fund’s stock valued at $78,000 after buying an additional 655 shares during the period. Farther Finance Advisors LLC grew its stake in shares of ProShares UltraPro QQQ by 235.7% during the third quarter. Farther Finance Advisors LLC now owns 1,541 shares of the exchange traded fund’s stock valued at $112,000 after buying an additional 1,082 shares during the last quarter. Carnegie Investment Counsel purchased a new position in shares of ProShares UltraPro QQQ in the fourth quarter worth about $214,000. Finally, Ironwood Wealth Management LLC. purchased a new stake in ProShares UltraPro QQQ during the 2nd quarter valued at about $236,000.

ProShares UltraPro QQQ Stock Performance

TQQQ opened at $82.72 on Friday. ProShares UltraPro QQQ has a 1 year low of $48.80 and a 1 year high of $93.79. The stock’s 50 day simple moving average is $83.24 and its 200 day simple moving average is $74.62.

ProShares UltraPro QQQ Increases Dividend

The company also recently announced a dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 23rd were paid a $0.2754 dividend. This is an increase from ProShares UltraPro QQQ’s previous dividend of $0.23. The ex-dividend date of this dividend was Monday, December 23rd.

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.