Carnegie Investment Counsel Acquires Stake in ProShares UltraPro QQQ

Carnegie Investment Counsel has taken a new position in ProShares UltraPro QQQ (NASDAQ:TQQQ – Free Report) as indicated in its recent 13F filing with the Securities and Exchange Commission. In the 4th quarter, the institutional investor purchased 2,700 shares of this exchange-traded fund, amounting to a valuation of approximately $214,000.

Additionally, several other institutional investors have also adjusted their holdings in TQQQ recently. During the third quarter, the Oriental Harbor Investment Fund acquired a new stake in ProShares UltraPro QQQ, which was valued at $82.2 million. Paragon Advisors LLC increased its stake in the ETF by 22.9% during the same quarter and now possesses 741,671 shares, worth about $53.8 million, following the acquisition of 138,343 shares.

Another significant increase came from IMC Chicago LLC, which saw a remarkable growth of 1,145.4% in its shareholding during the third quarter, amassing 560,847 shares valued at approximately $40.7 million after buying an extra 515,815 shares. Furthermore, BNP Paribas Financial Markets entered into a new investment in ProShares UltraPro QQQ in the third quarter for a total of around $21.7 million. International Assets Investment Management LLC also raised its stake astonishingly by 14,257.8% during this time, accumulating 287,155 shares worth nearly $20.8 million after adding 285,155 shares.

ProShares UltraPro QQQ Performance Overview

The current opening price for TQQQ is $83.14. The ETF has a 50-day moving average of $82.19 and a 200-day moving average of $74.34. In the last year, ProShares UltraPro QQQ has reached a low of $48.80 and a high of $93.79.

Dividend Announcement

Recently, ProShares UltraPro QQQ declared a dividend, which was distributed on December 31st. Shareholders who were on record as of December 23rd received a dividend of $0.2754 per share, with the ex-dividend date also falling on December 23rd. This figure reflects an increase from the previous dividend amount of $0.23.

About ProShares UltraPro QQQ

ProShares UltraPro QQQ ETF aims to achieve daily investment results that correspond to 300% of the daily performance of the NASDAQ-100 Index. The fund engages in investments in equity securities and derivatives, such as futures contracts, swap agreements, and money market instruments.

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Interested in more hedge fund activities related to TQQQ? Look for the latest 13F filings and insider trades.

Carnegie, Investment, ProShares