Family Capital Management Inc. Acquires 613 Shares of ProShares UltraPro QQQ (NASDAQ:TQQQ)

Family Capital Management Inc. increased its holdings in ProShares UltraPro QQQ (NASDAQ:TQQQ) by 16.4% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,342 shares of the exchange traded fund’s stock after purchasing an additional 613 shares during the period. Family Capital Management Inc.’s holdings in ProShares UltraPro QQQ were worth $315,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Jane Street Group LLC increased its holdings in shares of ProShares UltraPro QQQ by 444.5% during the 1st quarter. Jane Street Group LLC now owns 10,280,259 shares of the exchange traded fund’s stock valued at $632,853,000 after acquiring an additional 8,392,312 shares during the last quarter. Paragon Advisors LLC grew its holdings in ProShares UltraPro QQQ by 22.9% during the third quarter. Paragon Advisors LLC now owns 741,671 shares of the exchange traded fund’s stock valued at $53,764,000 after purchasing an additional 138,343 shares during the last quarter. IMC Chicago LLC grew its holdings in ProShares UltraPro QQQ by 1,145.4% during the third quarter. IMC Chicago LLC now owns 560,847 shares of the exchange traded fund’s stock valued at $40,656,000 after purchasing an additional 515,815 shares during the last quarter. Howard Capital Management Inc. raised its position in shares of ProShares UltraPro QQQ by 7.1% in the second quarter. Howard Capital Management Inc. now owns 378,154 shares of the exchange traded fund’s stock valued at $27,929,000 after purchasing an additional 25,087 shares during the period. Finally, International Assets Investment Management LLC lifted its stake in shares of ProShares UltraPro QQQ by 14,257.8% in the third quarter. International Assets Investment Management LLC now owns 287,155 shares of the exchange traded fund’s stock worth $20,816,000 after buying an additional 285,155 shares during the last quarter.

ProShares UltraPro QQQ Trading Up 0.4 %

NASDAQ:TQQQ opened at $78.25 on Friday. ProShares UltraPro QQQ has a 1 year low of $41.73 and a 1 year high of $85.20. The firm’s fifty day simple moving average is $73.99 and its 200 day simple moving average is $70.14.

ProShares UltraPro QQQ Increases Dividend

The firm also recently declared a dividend, which was paid on Wednesday, October 2nd. Stockholders of record on Wednesday, September 25th were given a $0.2302 dividend. This is an increase from ProShares UltraPro QQQ’s previous dividend of $0.22. The ex-dividend date of this dividend was Wednesday, September 25th.

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.