Squarepoint Ops LLC Has $387,000 Position in ProShares UltraPro QQQ (NASDAQ:TQQQ)

Squarepoint Ops LLC trimmed its holdings in shares of ProShares UltraPro QQQ (NASDAQ:TQQQ) by 95.0% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 5,236 shares of the exchange traded fund’s stock after selling 99,547 shares during the period. Squarepoint Ops LLC’s holdings in ProShares UltraPro QQQ were worth $387,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently made changes to their positions in TQQQ. Howard Capital Management Inc. lifted its stake in ProShares UltraPro QQQ by 7.1% during the 2nd quarter. Howard Capital Management Inc. now owns 378,154 shares of the exchange traded fund’s stock valued at $27,929,000 after acquiring an additional 25,087 shares in the last quarter. Primoris Wealth Advisors LLC purchased a new position in ProShares UltraPro QQQ during the second quarter worth about $696,000. AE Wealth Management LLC raised its stake in ProShares UltraPro QQQ by 289.9% in the second quarter. AE Wealth Management LLC now owns 16,019 shares of the exchange traded fund’s stock valued at $1,183,000 after purchasing an additional 11,911 shares in the last quarter. Global Assets Advisory LLC purchased a new position in ProShares UltraPro QQQ in the first quarter worth $721,000. Finally, WT Asset Management Ltd bought a new stake in ProShares UltraPro QQQ in the 2nd quarter worth approximately $1,476,000.

ProShares UltraPro QQQ Price Performance

NASDAQ TQQQ opened at $74.11 on Friday. The stock has a 50-day moving average of $66.50 and a 200-day moving average of $65.99. ProShares UltraPro QQQ has a 1-year low of $30.47 and a 1-year high of $85.20.

ProShares UltraPro QQQ Increases Dividend

The business also recently disclosed a dividend, which was paid on Wednesday, October 2nd. Shareholders of record on Wednesday, September 25th were given a dividend of $0.2302 per share. This is an increase from ProShares UltraPro QQQ’s previous dividend of $0.22. The ex-dividend date of this dividend was Wednesday, September 25th.

ProShares UltraPro QQQ Company 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.