Global Assets Advisory LLC bought a new stake in ProShares UltraPro QQQ (NASDAQ:TQQQ - Free Report) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 11,720 shares of the exchange traded fund's stock, valued at approximately $721,000.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Sandy Spring Bank increased its position 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 worth $28,000 after purchasing an additional 512 shares during the last quarter. Signature Resources Capital Management LLC purchased a new position in ProShares UltraPro QQQ during the fourth quarter worth about $29,000. Westend Capital Management LLC purchased a new position in ProShares UltraPro QQQ during the first quarter worth about $48,000. Hazlett Burt & Watson Inc. purchased a new position in ProShares UltraPro QQQ during the fourth quarter worth about $51,000. Finally, Massmutual Trust Co. FSB ADV purchased a new position in ProShares UltraPro QQQ during the first quarter worth about $63,000.
ProShares UltraPro QQQ Trading Up 0.7 %
TQQQ stock traded up $0.54 during mid-day trading on Thursday, hitting $75.00. 36,766,760 shares of the company were exchanged, compared to its average volume of 65,028,598. The business has a fifty day simple moving average of $63.42 and a 200-day simple moving average of $58.54. ProShares UltraPro QQQ has a 12-month low of $30.47 and a 12-month high of $77.72.
ProShares UltraPro QQQ Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 3rd. Shareholders of record on Wednesday, June 26th will be paid a dividend of $0.2828 per share. This represents a $1.13 annualized dividend and a yield of 1.51%. The ex-dividend date is Wednesday, June 26th. This is a positive change from ProShares UltraPro QQQ's previous quarterly dividend of $0.22.
About ProShares UltraPro QQQ
(
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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