ProShares UltraPro QQQ (NASDAQ:TQQQ) Trading Down 3.3%

Shares of ProShares UltraPro QQQ (NASDAQ:TQQQ) fell 3.3% on Friday . The company traded as low as $59.46 and last traded at $59.99. 19,233,551 shares were traded during trading, a decline of 70% from the average session volume of 63,645,324 shares. The stock had previously closed at $62.02.

ProShares UltraPro QQQ Stock Performance

The stock’s 50-day simple moving average is $68.97 and its two-hundred day simple moving average is $64.54.

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 given a dividend of $0.2828 per share. This is a boost from ProShares UltraPro QQQ’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend was Wednesday, June 26th. This represents a $1.13 dividend on an annualized basis and a yield of 1.98%.

Institutional Trading of ProShares UltraPro QQQ

A number of large investors have recently made changes to their positions in TQQQ. Wealthspire Advisors LLC boosted its stake in shares of ProShares UltraPro QQQ by 3.8% during the fourth quarter. Wealthspire Advisors LLC now owns 7,569 shares of the exchange traded fund’s stock valued at $384,000 after purchasing an additional 279 shares during the period. Quotient Wealth Partners LLC purchased a new stake in shares of ProShares UltraPro QQQ during the fourth quarter valued at $585,000. Innova Wealth Partners boosted its stake in shares of ProShares UltraPro QQQ by 32.8% during the fourth quarter. Innova Wealth Partners now owns 9,921 shares of the exchange traded fund’s stock valued at $503,000 after purchasing an additional 2,450 shares during the period. Foundations Investment Advisors LLC purchased a new stake in shares of ProShares UltraPro QQQ during the fourth quarter valued at $361,000. Finally, WMG Financial Advisors LLC purchased a new stake in shares of ProShares UltraPro QQQ during the fourth quarter valued at $222,000.

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.