Sepio Capital LP Grows Position in ProShares UltraPro QQQ $TQQQ

Sepio Capital LP boosted its holdings in shares of ProShares UltraPro QQQ (NASDAQ:TQQQ - Free Report) by 313.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,496 shares of the exchange traded fund's stock after acquiring an additional 7,960 shares during the period. Sepio Capital LP's holdings in ProShares UltraPro QQQ were worth $601,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the business. Kovitz Investment Group Partners LLC lifted its position in ProShares UltraPro QQQ by 2.9% during the 1st quarter. Kovitz Investment Group Partners LLC now owns 5,691 shares of the exchange traded fund's stock valued at $326,000 after acquiring an additional 158 shares during the period. Family Capital Management Inc. lifted its position in ProShares UltraPro QQQ by 5.0% during the 1st quarter. Family Capital Management Inc. now owns 4,428 shares of the exchange traded fund's stock valued at $254,000 after acquiring an additional 210 shares during the period. Parallel Advisors LLC lifted its position in ProShares UltraPro QQQ by 5.1% during the 1st quarter. Parallel Advisors LLC now owns 5,654 shares of the exchange traded fund's stock valued at $324,000 after acquiring an additional 274 shares during the period. Edgestream Partners L.P. increased its stake in ProShares UltraPro QQQ by 1.1% during the 1st quarter. Edgestream Partners L.P. now owns 26,419 shares of the exchange traded fund's stock valued at $1,514,000 after purchasing an additional 285 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its stake in ProShares UltraPro QQQ by 3.9% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 8,312 shares of the exchange traded fund's stock valued at $476,000 after purchasing an additional 310 shares in the last quarter.

ProShares UltraPro QQQ Trading Up 1.2%

NASDAQ:TQQQ traded up $1.19 on Friday, reaching $96.76. 45,987,487 shares of the stock traded hands, compared to its average volume of 80,201,625. The company has a market capitalization of $29.82 billion, a price-to-earnings ratio of 38.25 and a beta of 3.45. ProShares UltraPro QQQ has a 12 month low of $35.00 and a 12 month high of $97.37. The company's fifty day simple moving average is $89.25 and its 200 day simple moving average is $72.70.

ProShares UltraPro QQQ Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 1st. Shareholders of record on Wednesday, June 25th were paid a dividend of $0.2183 per share. The ex-dividend date was Wednesday, June 25th. This represents a $0.87 dividend on an annualized basis and a yield of 0.9%. This is an increase from ProShares UltraPro QQQ's previous quarterly dividend of $0.20.

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.