DeDora Capital Inc. Has $2.97 Million Stock Position in ProShares UltraPro QQQ (NASDAQ:TQQQ)

DeDora Capital Inc. trimmed its stake in ProShares UltraPro QQQ (NASDAQ:TQQQ) by 14.7% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 48,224 shares of the exchange traded fund’s stock after selling 8,280 shares during the quarter. ProShares UltraPro QQQ accounts for 0.9% of DeDora Capital Inc.’s portfolio, making the stock its 26th largest position. DeDora Capital Inc.’s holdings in ProShares UltraPro QQQ were worth $2,969,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. CPR Investments Inc. grew its stake in shares of 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 worth $4,176,000 after acquiring an additional 68,451 shares during the last quarter. International Assets Investment Management LLC bought a new stake in ProShares UltraPro QQQ during the 4th quarter worth about $5,141,000. CHURCHILL MANAGEMENT Corp acquired a new position in shares of ProShares UltraPro QQQ during the 4th quarter worth about $7,033,000. Bleakley Financial Group LLC acquired a new position in shares of ProShares UltraPro QQQ during the 4th quarter worth about $3,017,000. Finally, Cerity Partners LLC acquired a new position in shares of ProShares UltraPro QQQ during the 4th quarter worth about $834,000.

ProShares UltraPro QQQ Price Performance

Shares of TQQQ traded up $3.19 on Friday, hitting $56.70. The company’s stock had a trading volume of 75,439,019 shares, compared to its average volume of 74,077,109. The firm’s fifty day moving average price is $58.49 and its 200-day moving average price is $51.31. ProShares UltraPro QQQ has a fifty-two week low of $26.28 and a fifty-two week high of $64.13.

ProShares UltraPro QQQ Announces Dividend

The company also recently declared a dividend, which was paid on Wednesday, March 27th. Shareholders of record on Thursday, March 21st were given a dividend of $0.2151 per share. The ex-dividend date of this dividend was Wednesday, March 20th.

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.