Shares of ProShares UltraPro QQQ (NASDAQ:TQQQ - Get Free Report) gapped up prior to trading on Thursday . The stock had previously closed at $65.62, but opened at $70.30. ProShares UltraPro QQQ shares last traded at $70.14, with a volume of 11,607,167 shares trading hands.
ProShares UltraPro QQQ Trading Up 7.6 %
The business has a fifty day simple moving average of $66.47 and a 200 day simple moving average of $64.82.
ProShares UltraPro QQQ Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Wednesday, July 3rd. Stockholders of record on Wednesday, June 26th were issued a dividend of $0.2828 per share. The ex-dividend date of this dividend was Wednesday, June 26th. This is an increase from ProShares UltraPro QQQ's previous quarterly dividend of $0.22. This represents a $1.13 dividend on an annualized basis and a dividend yield of 1.60%.
Institutional Trading of ProShares UltraPro QQQ
A number of hedge funds have recently bought and sold shares of TQQQ. Thoroughbred Financial Services LLC purchased a new position in ProShares UltraPro QQQ during the fourth quarter worth approximately $378,000. Corient Private Wealth LLC boosted its holdings in ProShares UltraPro QQQ by 2.5% in the fourth quarter. Corient Private Wealth LLC now owns 118,959 shares of the exchange traded fund's stock valued at $6,031,000 after acquiring an additional 2,870 shares during the last quarter. CreativeOne Wealth LLC purchased a new stake in ProShares UltraPro QQQ during the fourth quarter valued at about $349,000. SageView Advisory Group LLC acquired a new stake in ProShares UltraPro QQQ during the fourth quarter worth about $766,000. Finally, Orion Portfolio Solutions LLC purchased a new position in shares of ProShares UltraPro QQQ in the 4th quarter worth about $5,574,000.
About ProShares UltraPro QQQ
(
Get Free Report)
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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