ProShares UltraPro QQQ (NASDAQ:TQQQ) Plans Quarterly Dividend of $0.17

ProShares UltraPro QQQ (NASDAQ:TQQQ) announced a quarterly dividend on Tuesday, June 23rd. Shareholders of record on Wednesday, June 24th will be paid a dividend of 0.1712 per share by the exchange traded fund on Tuesday, June 30th. This represents a c) dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend is Wednesday, June 24th. This is a 139.1% increase from ProShares UltraPro QQQ’s previous quarterly dividend of $0.07.

ProShares UltraPro QQQ Price Performance

TQQQ traded down $1.51 on Wednesday, hitting $72.93. The company had a trading volume of 70,238,602 shares, compared to its average volume of 91,464,156. The company’s fifty day moving average price is $72.70 and its 200 day moving average price is $58.38. ProShares UltraPro QQQ has a 1-year low of $37.32 and a 1-year high of $88.09. The stock has a market cap of $35.97 billion, a price-to-earnings ratio of 38.25 and a beta of 3.71.

Hedge Funds Weigh In On ProShares UltraPro QQQ

Large investors have recently made changes to their positions in the business. Howard Capital Management Inc. raised its stake in ProShares UltraPro QQQ by 83.6% during the 4th quarter. Howard Capital Management Inc. now owns 8,465,262 shares of the exchange traded fund’s stock valued at $446,289,000 after purchasing an additional 3,855,510 shares during the last quarter. Oriental Harbor Investment Master Fund lifted its position in shares of ProShares UltraPro QQQ by 100.0% during the 4th quarter. Oriental Harbor Investment Master Fund now owns 2,401,640 shares of the exchange traded fund’s stock worth $126,614,000 after buying an additional 1,200,820 shares during the period. PPSC Investment Service Corp lifted its holdings in shares of ProShares UltraPro QQQ by 2.5% during the first quarter. PPSC Investment Service Corp now owns 1,279,774 shares of the exchange traded fund’s stock valued at $53,341,000 after acquiring an additional 30,989 shares during the period. McElhenny Sheffield Capital Management LLC lifted its holdings in ProShares UltraPro QQQ by 77.7% during the 4th quarter. McElhenny Sheffield Capital Management LLC now owns 1,213,489 shares of the exchange traded fund’s stock valued at $63,975,000 after purchasing an additional 530,708 shares during the last quarter. Finally, Cantor Fitzgerald L. P. boosted its holdings in shares of ProShares UltraPro QQQ by 823.5% in the 3rd quarter. Cantor Fitzgerald L. P. now owns 779,017 shares of the exchange traded fund’s stock worth $80,550,000 after acquiring an additional 694,661 shares in the last quarter.

About ProShares UltraPro QQQ

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. ProShare Advisors LLC (ProShare Advisors) provides the investment advisory and management services for the Fund.