Empower Advisory Group LLC Makes New Investment in ProShares UltraPro QQQ (NASDAQ:TQQQ)
Empower Advisory Group LLC made a new investment in ProShares UltraPro QQQ (NASDAQ: TQQQ) during the fourth quarter.
- The institutional investor acquired 4,290 shares of the exchange-traded fund (ETF), valued at approximately $339,000.
- This marks Empower Advisory Group LLC’s first stake in the fund, reflecting its growing interest in the ProShares UltraPro QQQ.
Other institutional investors have also adjusted their holdings in ProShares UltraPro QQQ.
- Oriental Harbor Investment Fund purchased a new position worth approximately $82.2 million during the 3rd quarter.
- Paragon Advisors LLC increased its holdings by 22.9%, now owning 741,671 shares, valued at $53.76 million.
- IMC Chicago LLC boosted its holdings by an impressive 1,145.4%, bringing its total to 560,847 shares, valued at $40.66 million.
- PPSC Investment Service Corp increased its stake by 17.5%, now owning 446,415 shares worth $35.33 million.
- BNP Paribas Financial Markets purchased a new stake worth $21.75 million in the third quarter.
- Institutional investors collectively own a significant portion of the ETF.
ProShares UltraPro QQQ Stock Down 1.2%
Shares of ProShares UltraPro QQQ fell by $1.10, reaching $89.30 during trading on Thursday.
- The total trading volume was 39,755,299 shares, lower than the average volume of 49,064,234 shares.
- Over the past year, TQQQ has fluctuated between a 52-week low of $48.80 and a 52-week high of $93.79.
- The ETF has a 50-day simple moving average of $84.12, and its 200-day simple moving average is $76.29.
ProShares UltraPro QQQ Increases Dividend
ProShares UltraPro QQQ recently disclosed an increase in its dividend.
- The ETF paid a $0.2754 dividend on December 31st, up from the previous dividend of $0.23.
- Stockholders of record on December 23rd received the dividend, with the ex-dividend date also set for December 23rd.
- This dividend increase reflects positive developments in the ETF’s performance.
ProShares UltraPro QQQ Company Profile
ProShares UltraPro QQQ ETF seeks daily investment results that correspond to 300% of the daily performance of the NASDAQ-100 Index.
- The ETF invests in a mix of equity securities, derivatives (including futures contracts and swap agreements), and money market instruments.
- The Fund aims to provide leveraged exposure to the NASDAQ-100 Index, targeting significant returns for investors willing to take on higher risk.