X Square Capital LLC Has $435,000 Stake in ProShares UltraPro QQQ (NASDAQ:TQQQ)

X Square Capital LLC increased its position in ProShares UltraPro QQQ (NASDAQ:TQQQ) by 57.1% during the 4th quarter, HoldingsChannel.com reports. The fund owned 5,500 shares of the exchange traded fund’s stock after buying an additional 2,000 shares during the period. X Square Capital LLC’s holdings in ProShares UltraPro QQQ were worth $435,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in the business. RPg Family Wealth Advisory LLC bought a new stake in ProShares UltraPro QQQ in the third quarter valued at about $32,000. PayPay Securities Corp lifted its position in shares of 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 purchasing an additional 272 shares in the last quarter. Clear Investment Research LLC boosted its position 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 valued at $83,000 after buying an additional 479 shares during the last quarter. Beacon Capital Management LLC bought a new stake in ProShares UltraPro QQQ during the 4th quarter worth about $109,000. Finally, James J. Burns & Company LLC acquired a new position in ProShares UltraPro QQQ in the fourth quarter valued at approximately $206,000.

ProShares UltraPro QQQ Price Performance

ProShares UltraPro QQQ stock opened at $62.30 on Friday. The firm has a market capitalization of $19.13 billion, a price-to-earnings ratio of 26.02 and a beta of 3.45. ProShares UltraPro QQQ has a fifty-two week low of $48.80 and a fifty-two week high of $93.79. The company’s 50 day simple moving average is $76.31 and its 200 day simple moving average is $76.89.

ProShares UltraPro QQQ Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Wednesday, March 26th will be given a $0.1977 dividend. This represents a $0.79 dividend on an annualized basis and a dividend yield of 1.27%. The ex-dividend date of this dividend is 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.