ProShares UltraPro QQQ (NASDAQ:TQQQ - Get Free Report) declared a quarterly dividend on Tuesday, June 24th, NASDAQ Dividends reports. Investors of record on Wednesday, June 25th will be given a dividend of 0.2183 per share by the exchange traded fund on Tuesday, July 1st. This represents a $0.87 annualized dividend and a yield of 1.07%. The ex-dividend date of this dividend is Wednesday, June 25th. This is a 10.4% increase from ProShares UltraPro QQQ's previous quarterly dividend of $0.20.
ProShares UltraPro QQQ Stock Performance
ProShares UltraPro QQQ stock traded up $0.79 during trading hours on Friday, hitting $81.42. The company had a trading volume of 72,766,712 shares, compared to its average volume of 69,805,170. The firm has a market cap of $31.53 billion, a P/E ratio of 38.25 and a beta of 3.45. The company has a 50-day moving average price of $67.05 and a two-hundred day moving average price of $71.00. ProShares UltraPro QQQ has a 1 year low of $35.00 and a 1 year high of $93.79.
Institutional Trading of ProShares UltraPro QQQ
Several institutional investors and hedge funds have recently modified their holdings of TQQQ. Integrated Wealth Concepts LLC grew its stake in ProShares UltraPro QQQ by 19.2% in the first quarter. Integrated Wealth Concepts LLC now owns 4,971 shares of the exchange traded fund's stock worth $285,000 after purchasing an additional 799 shares in the last quarter. Focus Partners Wealth lifted its holdings in shares of ProShares UltraPro QQQ by 30.8% in the 1st quarter. Focus Partners Wealth now owns 10,954 shares of the exchange traded fund's stock worth $628,000 after buying an additional 2,578 shares during the period. Finally, Goldman Sachs Group Inc. grew its position in shares of ProShares UltraPro QQQ by 4,237.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 520,444 shares of the exchange traded fund's stock worth $29,821,000 after buying an additional 508,444 shares in the last quarter.
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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