Rollins Financial Advisors LLC Trims Stake in ProShares UltraPro QQQ (NASDAQ:TQQQ)

Rollins Financial Advisors LLC trimmed its holdings in ProShares UltraPro QQQ (NASDAQ:TQQQ - Free Report) by 12.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 94,865 shares of the exchange traded fund's stock after selling 13,750 shares during the period. ProShares UltraPro QQQ comprises about 1.2% of Rollins Financial Advisors LLC's investment portfolio, making the stock its 17th biggest position. Rollins Financial Advisors LLC's holdings in ProShares UltraPro QQQ were worth $7,507,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the business. Hanseatic Management Services Inc. grew its holdings in ProShares UltraPro QQQ by 2.9% during the 4th quarter. Hanseatic Management Services Inc. now owns 4,656 shares of the exchange traded fund's stock valued at $368,000 after buying an additional 132 shares in the last quarter. Capital Investment Advisory Services LLC increased its stake in ProShares UltraPro QQQ by 2.7% in the 4th quarter. Capital Investment Advisory Services LLC now owns 5,295 shares of the exchange traded fund's stock worth $419,000 after acquiring an additional 140 shares during the last quarter. Richmond Brothers Inc. grew its holdings in shares of ProShares UltraPro QQQ by 1.9% in the fourth quarter. Richmond Brothers Inc. now owns 8,817 shares of the exchange traded fund's stock valued at $698,000 after purchasing an additional 163 shares in the last quarter. Erickson Financial Group LLC increased its position in ProShares UltraPro QQQ by 3.0% in the fourth quarter. Erickson Financial Group LLC now owns 8,479 shares of the exchange traded fund's stock worth $671,000 after purchasing an additional 250 shares during the last quarter. Finally, PayPay Securities Corp raised its stake in ProShares UltraPro QQQ by 119.3% during the fourth quarter. PayPay Securities Corp now owns 500 shares of the exchange traded fund's stock valued at $40,000 after purchasing an additional 272 shares in the last quarter.

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ProShares UltraPro QQQ Price Performance

Shares of ProShares UltraPro QQQ stock traded up $2.44 during trading hours on Friday, reaching $48.58. The company's stock had a trading volume of 178,748,731 shares, compared to its average volume of 62,895,591. The stock has a market cap of $19.89 billion, a P/E ratio of 17.85 and a beta of 3.45. ProShares UltraPro QQQ has a one year low of $35.00 and a one year high of $93.79. The firm has a 50 day moving average price of $67.43 and a 200-day moving average price of $75.32.

ProShares UltraPro QQQ Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Wednesday, March 26th were issued a $0.1977 dividend. This represents a $0.79 dividend on an annualized basis and a dividend yield of 1.63%. The ex-dividend date of this dividend was Wednesday, March 26th.

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.