ProShares UltraPro QQQ (NASDAQ:TQQQ) Shares Sold by Townsquare Capital LLC

Townsquare Capital LLC cut its stake in ProShares UltraPro QQQ (NASDAQ:TQQQ) by 5.2% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 14,577 shares of the exchange traded fund’s stock after selling 795 shares during the quarter. Townsquare Capital LLC’s holdings in ProShares UltraPro QQQ were worth $1,153,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of TQQQ. Oriental Harbor Investment Fund acquired a new position in shares of ProShares UltraPro QQQ during the third quarter valued at approximately $82,199,000. PPSC Investment Service Corp raised its stake in ProShares UltraPro QQQ by 17.5% in the 4th quarter. PPSC Investment Service Corp now owns 446,415 shares of the exchange traded fund’s stock valued at $35,325,000 after purchasing an additional 66,582 shares during the last quarter. Ridgepath Capital Management LLC lifted its holdings in ProShares UltraPro QQQ by 21.0% in the 4th quarter. Ridgepath Capital Management LLC now owns 163,389 shares of the exchange traded fund’s stock valued at $12,929,000 after purchasing an additional 28,341 shares in the last quarter. Tidal Investments LLC acquired a new stake in ProShares UltraPro QQQ during the 3rd quarter worth $11,598,000. Finally, Orion Portfolio Solutions LLC grew its holdings in shares of ProShares UltraPro QQQ by 7.0% during the fourth quarter. Orion Portfolio Solutions LLC now owns 157,596 shares of the exchange traded fund’s stock worth $12,471,000 after buying an additional 10,284 shares in the last quarter.

ProShares UltraPro QQQ Stock Down 0.4 %

Shares of NASDAQ TQQQ opened at $45.09 on Friday. The firm has a 50-day simple moving average of $64.44 and a 200-day simple moving average of $74.59. The stock has a market capitalization of $18.59 billion, a price-to-earnings ratio of 17.85 and a beta of 3.45. ProShares UltraPro QQQ has a 52 week low of $35.00 and a 52 week high of $93.79.

ProShares UltraPro QQQ Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Wednesday, March 26th were issued a $0.1977 dividend. The ex-dividend date of this dividend was Wednesday, March 26th. This represents a $0.79 dividend on an annualized basis and a yield of 1.75%.

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.