ProShares UltraPro QQQ (NASDAQ:TQQQ) Shares Gap Down to $58.74

Shares of ProShares UltraPro QQQ (NASDAQ:TQQQ) gapped down prior to trading on Monday . The stock had previously closed at $58.74, but opened at $49.16. ProShares UltraPro QQQ shares last traded at $52.61, with a volume of 22,014,283 shares changing hands.

ProShares UltraPro QQQ Trading Down 3.2 %

The company has a 50-day moving average of $71.51 and a 200-day moving average of $63.26.

ProShares UltraPro QQQ Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 3rd. Shareholders of record on Wednesday, June 26th were issued a dividend of $0.2828 per share. This represents a $1.13 dividend on an annualized basis and a yield of 2.13%. This is an increase from ProShares UltraPro QQQ’s previous quarterly dividend of $0.22. The ex-dividend date was Wednesday, June 26th.

Institutional Trading of ProShares UltraPro QQQ

Several institutional investors and hedge funds have recently made changes to their positions in TQQQ. Everhart Financial Group Inc. grew its holdings in shares of ProShares UltraPro QQQ by 5.0% in the second quarter. Everhart Financial Group Inc. now owns 3,469 shares of the exchange traded fund’s stock valued at $256,000 after acquiring an additional 166 shares in the last quarter. Sheaff Brock Investment Advisors LLC lifted its position in shares of ProShares UltraPro QQQ by 0.7% during the first quarter. Sheaff Brock Investment Advisors LLC now owns 26,282 shares of the exchange traded fund’s stock worth $1,618,000 after acquiring an additional 187 shares in the last quarter. Wealthspire Advisors LLC grew its holdings in ProShares UltraPro QQQ by 3.8% during the 4th quarter. Wealthspire Advisors LLC now owns 7,569 shares of the exchange traded fund’s stock valued at $384,000 after buying an additional 279 shares in the last quarter. Physician Wealth Advisors Inc. grew its stake in ProShares UltraPro QQQ by 4.1% during the first quarter. Physician Wealth Advisors Inc. now owns 7,675 shares of the exchange traded fund’s stock valued at $472,000 after acquiring an additional 302 shares in the last quarter. Finally, Fortress Wealth Group LLC increased its holdings in shares of ProShares UltraPro QQQ by 4.0% in the second quarter. Fortress Wealth Group LLC now owns 8,087 shares of the exchange traded fund’s stock worth $593,000 after purchasing an additional 312 shares during the period.

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.