World Investment Advisors Sells 885 Shares of ProShares UltraPro QQQ (NASDAQ:TQQQ)

World Investment Advisors lowered its stake in shares of ProShares UltraPro QQQ (NASDAQ:TQQQ) by 5.5% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 15,102 shares of the exchange traded fund’s stock after selling 885 shares during the quarter. World Investment Advisors’ holdings in ProShares UltraPro QQQ were worth $1,195,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. PayPay Securities Corp grew its stake in ProShares UltraPro QQQ by 119.3% in the 4th quarter. PayPay Securities Corp now owns 500 shares of the exchange traded fund’s stock valued at $40,000 after buying an additional 272 shares during the last quarter. Clear Investment Research LLC grew its position in shares of ProShares UltraPro QQQ by 83.3% in the fourth quarter. Clear Investment Research LLC now owns 1,054 shares of the exchange traded fund’s stock valued at $83,000 after purchasing an additional 479 shares during the last quarter. Beacon Capital Management LLC bought a new position in shares of ProShares UltraPro QQQ in the fourth quarter worth about $109,000. James J. Burns & Company LLC bought a new position in shares of ProShares UltraPro QQQ in the fourth quarter worth about $206,000. Finally, Thrivent Financial for Lutherans acquired a new position in shares of ProShares UltraPro QQQ during the 4th quarter worth about $212,000.

ProShares UltraPro QQQ Stock Down 18.3 %

TQQQ opened at $41.09 on Friday. The stock’s 50 day moving average price is $72.53 and its two-hundred day moving average price is $76.54. The firm has a market capitalization of $14.02 billion, a P/E ratio of 17.85 and a beta of 3.55. ProShares UltraPro QQQ has a 12-month low of $41.03 and a 12-month high of $93.79.

ProShares UltraPro QQQ Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders 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 annualized dividend and a dividend yield of 1.92%.

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.