Townsquare Capital LLC Has $1.11 Million Stock Holdings in ProShares UltraPro QQQ (NASDAQ:TQQQ)

Townsquare Capital LLC lowered its holdings in shares of ProShares UltraPro QQQ (NASDAQ:TQQQ) by 16.9% in the 3rd quarter, HoldingsChannel reports. The firm owned 15,372 shares of the exchange traded fund’s stock after selling 3,130 shares during the period. Townsquare Capital LLC’s holdings in ProShares UltraPro QQQ were worth $1,114,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the business. Paragon Advisors LLC grew its position in shares of ProShares UltraPro QQQ by 22.9% during the 3rd quarter. Paragon Advisors LLC now owns 741,671 shares of the exchange traded fund’s stock worth $53,764,000 after buying an additional 138,343 shares during the period. IMC Chicago LLC grew its holdings in ProShares UltraPro QQQ by 1,145.4% in the third quarter. IMC Chicago LLC now owns 560,847 shares of the exchange traded fund’s stock worth $40,656,000 after purchasing an additional 515,815 shares during the period. Howard Capital Management Inc. increased its stake in ProShares UltraPro QQQ by 7.1% in the second quarter. Howard Capital Management Inc. now owns 378,154 shares of the exchange traded fund’s stock valued at $27,929,000 after purchasing an additional 25,087 shares in the last quarter. BNP Paribas Financial Markets acquired a new position in shares of ProShares UltraPro QQQ during the third quarter valued at about $21,747,000. Finally, International Assets Investment Management LLC boosted its position in shares of ProShares UltraPro QQQ by 14,257.8% during the 3rd quarter. International Assets Investment Management LLC now owns 287,155 shares of the exchange traded fund’s stock worth $20,816,000 after purchasing an additional 285,155 shares in the last quarter.

ProShares UltraPro QQQ Stock Performance

Shares of TQQQ opened at $82.48 on Tuesday. The stock has a 50-day moving average of $75.08 and a 200-day moving average of $70.88. ProShares UltraPro QQQ has a one year low of $41.73 and a one year high of $85.20.

ProShares UltraPro QQQ Increases Dividend

The company also recently disclosed a dividend, which was paid on Wednesday, October 2nd. Stockholders of record on Wednesday, September 25th were issued 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 was Wednesday, September 25th.

ProShares UltraPro QQQ 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.