Shares of ProShares UltraPro QQQ (NASDAQ:TQQQ - Get Free Report) gapped down before the market opened on Wednesday . The stock had previously closed at $49.79, but opened at $46.83. ProShares UltraPro QQQ shares last traded at $47.22, with a volume of 26,753,201 shares trading hands.
ProShares UltraPro QQQ Stock Down 7.3 %
The firm's fifty day simple moving average is $63.64 and its 200-day simple moving average is $74.49. The firm has a market capitalization of $17.26 billion, a PE ratio of 17.85 and a beta of 3.45.
ProShares UltraPro QQQ Cuts Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Wednesday, March 26th were paid a dividend of $0.1977 per share. This represents a $0.79 annualized dividend and a yield of 1.89%. The ex-dividend date was Wednesday, March 26th.
Institutional Investors Weigh In On ProShares UltraPro QQQ
A number of institutional investors have recently added to or reduced their stakes in the stock. Beacon Capital Management LLC increased its holdings in ProShares UltraPro QQQ by 32.8% in the 1st quarter. Beacon Capital Management LLC now owns 1,823 shares of the exchange traded fund's stock valued at $104,000 after acquiring an additional 450 shares during the last quarter. Kingswood Wealth Advisors LLC boosted its stake in ProShares UltraPro QQQ by 6.9% during the first quarter. Kingswood Wealth Advisors LLC now owns 14,492 shares of the exchange traded fund's stock valued at $830,000 after buying an additional 936 shares during the last quarter. Prosperity Wealth Management Inc. grew its holdings in ProShares UltraPro QQQ by 2,182.2% during the 1st quarter. Prosperity Wealth Management Inc. now owns 62,601 shares of the exchange traded fund's stock valued at $3,587,000 after buying an additional 59,858 shares in the last quarter. Variant Private Wealth LLC increased its stake in ProShares UltraPro QQQ by 36.9% in the 1st quarter. Variant Private Wealth LLC now owns 35,136 shares of the exchange traded fund's stock worth $2,013,000 after acquiring an additional 9,463 shares during the last quarter. Finally, Sowell Financial Services LLC increased its stake in ProShares UltraPro QQQ by 8.2% in the 1st quarter. Sowell Financial Services LLC now owns 20,167 shares of the exchange traded fund's stock worth $1,156,000 after acquiring an additional 1,529 shares during the last quarter.
ProShares UltraPro QQQ Company Profile
(
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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