ProShares UltraPro QQQ (NASDAQ:TQQQ) Sets New 1-Year High – Should You Buy?

ProShares UltraPro QQQ (NASDAQ:TQQQGet Free Report)’s share price reached a new 52-week high during trading on Thursday . The company traded as high as $121.37 and last traded at $120.61, with a volume of 65703475 shares traded. The stock had previously closed at $119.09.

ProShares UltraPro QQQ Stock Performance

The business has a fifty day moving average price of $101.48 and a 200 day moving average price of $84.13. The company has a market capitalization of $30.72 billion, a PE ratio of 38.25 and a beta of 3.46.

ProShares UltraPro QQQ Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Wednesday, September 24th were issued a $0.0978 dividend. This represents a $0.39 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date was Wednesday, September 24th.

Institutional Investors Weigh In On ProShares UltraPro QQQ

Hedge funds have recently modified their holdings of the stock. Ameritas Advisory Services LLC purchased a new stake in shares of ProShares UltraPro QQQ during the 2nd quarter valued at about $25,000. WFA of San Diego LLC purchased a new stake in shares of ProShares UltraPro QQQ during the 2nd quarter valued at about $25,000. MRP Capital Investments LLC purchased a new stake in shares of ProShares UltraPro QQQ during the 1st quarter valued at about $29,000. N.E.W. Advisory Services LLC purchased a new stake in shares of ProShares UltraPro QQQ during the 2nd quarter valued at about $30,000. Finally, Edmond DE Rothschild Holding S.A. purchased a new stake in shares of ProShares UltraPro QQQ during the 2nd quarter valued at about $42,000.

About ProShares UltraPro QQQ

(Get Free Report)

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.

Recommended Stories

Receive News & Ratings for ProShares UltraPro QQQ Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ProShares UltraPro QQQ and related companies with MarketBeat.com's FREE daily email newsletter.