Sepio Capital LP Makes New $201,000 Investment in ProShares UltraPro QQQ (NASDAQ:TQQQ)

Sepio Capital LP purchased a new position in shares of ProShares UltraPro QQQ (NASDAQ:TQQQ) during the fourth quarter, according to the company in its most recent Form 13F filing 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.

Other hedge funds have also made changes to their positions in the company. PayPay Securities Corp lifted its position 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 worth $40,000 after buying an additional 272 shares during the period. Clear Investment Research LLC increased its stake in shares of ProShares UltraPro QQQ by 83.3% during the 4th quarter. Clear Investment Research LLC now owns 1,054 shares of the exchange traded fund’s stock valued at $83,000 after acquiring an additional 479 shares during the last quarter. Beacon Capital Management LLC purchased a new position in shares of ProShares UltraPro QQQ during the 4th quarter worth about $109,000. James J. Burns & Company LLC acquired a new stake in shares of ProShares UltraPro QQQ in the fourth quarter worth approximately $206,000. Finally, Thrivent Financial for Lutherans purchased a new stake in ProShares UltraPro QQQ in the fourth quarter valued at approximately $212,000.

ProShares UltraPro QQQ Stock Down 18.3 %

NASDAQ:TQQQ opened at $41.09 on Monday. The company has a market cap of $14.07 billion, a P/E ratio of 17.85 and a beta of 3.45. The firm’s 50 day moving average is $72.53 and its two-hundred day moving average is $76.62. ProShares UltraPro QQQ has a fifty-two week low of $37.74 and a fifty-two week high of $93.79.

ProShares UltraPro QQQ Cuts Dividend

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

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.