ProShares UltraPro QQQ (NASDAQ:TQQQ) Sets New 52-Week High – Time to Buy?

ProShares UltraPro QQQ (NASDAQ:TQQQ) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $88.62 and last traded at $88.51, with a volume of 13979027 shares trading hands. The stock had previously closed at $84.76.

ProShares UltraPro QQQ Trading Up 5.4 %

The business has a 50-day moving average price of $76.98 and a two-hundred day moving average price of $71.91.

ProShares UltraPro QQQ Increases Dividend

The business also recently declared a dividend, which was paid on Wednesday, October 2nd. Stockholders of record on Wednesday, September 25th were given a dividend of $0.2302 per share. This is a boost from ProShares UltraPro QQQ’s previous dividend of $0.22. The ex-dividend date was Wednesday, September 25th.

Institutional Trading of ProShares UltraPro QQQ

Institutional investors and hedge funds have recently made changes to their positions in the stock. RPg Family Wealth Advisory LLC bought a new position in ProShares UltraPro QQQ in the 3rd quarter worth approximately $32,000. Turim 21 Investimentos Ltda. grew its holdings in ProShares UltraPro QQQ by 98.5% in the 2nd quarter. Turim 21 Investimentos Ltda. now owns 665 shares of the exchange traded fund’s stock worth $49,000 after buying an additional 330 shares in the last quarter. Hantz Financial Services Inc. bought a new position in ProShares UltraPro QQQ in the 2nd quarter worth approximately $68,000. Signaturefd LLC grew its holdings in ProShares UltraPro QQQ by 153.8% in the 3rd quarter. Signaturefd LLC now owns 1,081 shares of the exchange traded fund’s stock worth $78,000 after buying an additional 655 shares in the last quarter. Finally, Farther Finance Advisors LLC grew its holdings in ProShares UltraPro QQQ by 235.7% in the 3rd 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.