Sepio Capital LP Takes $201,000 Position in ProShares UltraPro QQQ (NASDAQ:TQQQ)

Sepio Capital LP purchased a new position in shares of ProShares UltraPro QQQ (NASDAQ:TQQQ) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 2,536 shares of the exchange traded fund’s stock, valued at approximately $201,000.

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

ProShares UltraPro QQQ Trading Down 18.3 %

Shares of TQQQ stock opened at $41.09 on Monday. The firm has a fifty day simple moving average of $72.53 and a 200-day simple moving average of $76.62. The company has a market capitalization of $14.07 billion, a PE ratio of 17.85 and a beta of 3.45. ProShares UltraPro QQQ has a twelve month low of $37.74 and a twelve month high of $93.79.

ProShares UltraPro QQQ Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Wednesday, March 26th were paid a dividend of $0.1977 per share. The ex-dividend date was Wednesday, March 26th. This represents a $0.79 annualized dividend and a dividend yield of 1.92%.

About ProShares UltraPro QQQ

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.