ProShares UltraPro QQQ (NASDAQ:TQQQ) Reaches New 52-Week High – Here’s What Happened

ProShares UltraPro QQQ (NASDAQ:TQQQ)’s stock price reached a new 52-week high on Wednesday . The company traded as high as $85.20 and last traded at $85.09, with a volume of 10599740 shares. The stock had previously closed at $83.21.

ProShares UltraPro QQQ Trading Up 2.9 %

The stock’s 50-day moving average is $75.55 and its two-hundred day moving average is $71.16.

ProShares UltraPro QQQ Increases Dividend

The firm also recently announced a dividend, which was paid on Wednesday, October 2nd. Shareholders of record on Wednesday, September 25th were issued a dividend of $0.2302 per share. The ex-dividend date of this dividend was Wednesday, September 25th. This is a positive change from ProShares UltraPro QQQ’s previous dividend of $0.22.

Institutional Investors Weigh In On ProShares UltraPro QQQ

A number of hedge funds have recently added to or reduced their stakes in the business. RPg Family Wealth Advisory LLC acquired a new stake in shares of ProShares UltraPro QQQ in the 3rd quarter valued at $32,000. Turim 21 Investimentos Ltda. grew its position in ProShares UltraPro QQQ by 98.5% during the 2nd quarter. Turim 21 Investimentos Ltda. now owns 665 shares of the exchange traded fund’s stock worth $49,000 after purchasing an additional 330 shares during the last quarter. Hantz Financial Services Inc. purchased a new stake in shares of ProShares UltraPro QQQ in the second quarter valued at about $68,000. Signaturefd LLC boosted its holdings in shares of ProShares UltraPro QQQ by 153.8% in the third quarter. Signaturefd LLC now owns 1,081 shares of the exchange traded fund’s stock valued at $78,000 after acquiring an additional 655 shares in the last quarter. Finally, Farther Finance Advisors LLC boosted its holdings in ProShares UltraPro QQQ by 235.7% during the third quarter. Farther Finance Advisors LLC now owns 1,541 shares of the exchange traded fund’s stock worth $112,000 after buying an additional 1,082 shares in the last quarter.

ProShares UltraPro QQQ Company Profile

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.