Shares of ProShares UltraPro QQQ (NASDAQ:TQQQ - Get Free Report) reached a new 52-week high on Tuesday . The company traded as high as $83.39 and last traded at $82.96, with a volume of 2759919 shares trading hands. The stock had previously closed at $82.17.
ProShares UltraPro QQQ Price Performance
The firm has a 50-day moving average price of $68.00 and a 200-day moving average price of $60.47.
ProShares UltraPro QQQ Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Wednesday, July 3rd. Investors of record on Wednesday, June 26th were issued a $0.2828 dividend. The ex-dividend date of this dividend was Wednesday, June 26th. This represents a $1.13 annualized dividend and a yield of 1.37%. This is an increase from ProShares UltraPro QQQ's previous quarterly dividend of $0.22.
Hedge Funds Weigh In On ProShares UltraPro QQQ
Several institutional investors have recently bought and sold shares of the stock. Sandy Spring Bank raised its stake in ProShares UltraPro QQQ by 1,113.0% during the fourth quarter. Sandy Spring Bank now owns 558 shares of the exchange traded fund's stock valued at $28,000 after purchasing an additional 512 shares in the last quarter. Signature Resources Capital Management LLC bought a new position in shares of ProShares UltraPro QQQ during the 4th quarter valued at approximately $29,000. Benjamin F. Edwards & Company Inc. purchased a new stake in ProShares UltraPro QQQ during the 1st quarter valued at $37,000. Westend Capital Management LLC bought a new stake in ProShares UltraPro QQQ in the first quarter worth $48,000. Finally, Hazlett Burt & Watson Inc. bought a new position in ProShares UltraPro QQQ during the 4th quarter valued at about $51,000.
About ProShares UltraPro QQQ
(
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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.
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