Mayflower Financial Advisors LLC Invests in ProShares UltraPro QQQ

Mayflower Financial Advisors LLC has taken a significant step by acquiring a new position in ProShares UltraPro QQQ (NASDAQ:TQQQ) during the fourth quarter. According to their latest filing with the Securities and Exchange Commission, the firm bought 3,145 shares of this exchange-traded fund (ETF), which amounts to an investment worth approximately $249,000.

In addition to Mayflower Financial Advisors, several other large investors have either increased or decreased their holdings in ProShares UltraPro QQQ. Notably, Oriental Harbor Investment Fund established a new position in the ETF in the third quarter that is valued at a remarkable $82,199,000. Meanwhile, Paragon Advisors LLC raised its stake by 22.9%, bringing its total shares to 741,671 valued at $53,764,000 after acquiring an additional 138,343 shares in the previous quarter.

Similarly, IMC Chicago LLC made a substantial increase in its position, lifting its stake by an astonishing 1,145.4% during the same period. They now hold 560,847 shares, valued at $40,656,000, having purchased an impressive 515,815 shares. BNP Paribas Financial Markets also entered the market with new holdings worth approximately $21,747,000.

In a striking move, International Assets Investment Management LLC reported an astronomical increase of 14,257.8% in its shares. They now own 287,155 shares, valued at $20,816,000, which they obtained by buying an additional 285,155 shares during the quarter.

Current Performance of ProShares UltraPro QQQ

On Thursday, shares of ProShares UltraPro QQQ opened at $82.14. The stock has a 50-day moving average of $83.05 and a 200-day moving average of $74.55. In the past year, the ETF has seen a low of $48.80 and a high of $93.79, indicating a volatile trading environment.

Dividend Announcement

In recent news, ProShares UltraPro QQQ announced an increase in its dividend, which was distributed on December 31st. Shareholders who were on record by December 23rd received a dividend payment of $0.2754. This new figure represents an increase from the previous dividend of $0.23.

Understanding ProShares UltraPro QQQ

ProShares UltraPro QQQ ETF aims to provide daily investment results that correspond to triple (300%) the daily performance of the NASDAQ-100 Index. The fund primarily invests in equity securities, along with derivatives such as futures contracts, swap agreements, and money market instruments.

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Mayflower, Investors, ProShares