ProShares UltraPro QQQ (NASDAQ:TQQQ - Get Free Report) announced a quarterly dividend on Tuesday, June 24th, NASDAQ Dividends reports. Shareholders of record on Wednesday, June 25th will be paid 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 1.11%. 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 Up 0.5%
Shares of TQQQ traded up $0.38 during mid-day trading on Wednesday, hitting $78.48. The stock had a trading volume of 50,357,879 shares, compared to its average volume of 69,484,466. The company has a market cap of $30.39 billion, a PE ratio of 38.25 and a beta of 3.45. The company's fifty day simple moving average is $64.95 and its two-hundred day simple moving average is $71.01. ProShares UltraPro QQQ has a fifty-two week low of $35.00 and a fifty-two week high of $93.79.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TQQQ. Integrated Wealth Concepts LLC lifted its position in ProShares UltraPro QQQ by 19.2% in the 1st quarter. Integrated Wealth Concepts LLC now owns 4,971 shares of the exchange traded fund's stock valued at $285,000 after purchasing an additional 799 shares during the last quarter. Focus Partners Wealth boosted its position in shares of ProShares UltraPro QQQ by 30.8% during the first 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 holdings in ProShares UltraPro QQQ by 4,237.0% in 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
(
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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