Carnegie Investment Counsel Acquires New Stake in ProShares UltraPro QQQ

During the 4th quarter, Carnegie Investment Counsel made a significant move by purchasing a new stake in ProShares UltraPro QQQ (NASDAQ:TQQQ), as revealed in their most recent 13F filing with the Securities and Exchange Commission. This institutional investor acquired 2,700 shares of the popular exchange-traded fund, with a total value of around $214,000.

Carnegie Investment Counsel is not alone in adjusting their portfolio around TQQQ. Several other institutional investors have also made notable changes in their holdings of this exchange-traded fund. For instance, Oriental Harbor Investment Fund bought a substantial new stake valued at $82,199,000 in the third quarter. Additionally, Paragon Advisors LLC increased its position in ProShares UltraPro QQQ by 22.9%, now holding 741,671 shares worth approximately $53,764,000 after adding 138,343 shares in the last quarter.

Furthermore, IMC Chicago LLC demonstrated a significant increase in its stake by 1,145.4% during the third quarter, owning 560,847 shares now valued at $40,656,000 after purchasing an additional 515,815 shares in that timeframe. BNP Paribas Financial Markets also made headlines by acquiring a new stake valued at about $21,747,000 in the same quarter, while International Assets Investment Management LLC surged its stake by an astonishing 14,257.8%. After the addition of 285,155 shares, they now own 287,155 shares of the fund worth approximately $20,816,000.

Price Performance of ProShares UltraPro QQQ

As of Monday, ProShares UltraPro QQQ opened at $83.14. The 50-day moving average for TQQQ stands at $82.19, with the 200-day moving average at $74.34. Over the past year, the ETF has experienced a range, hitting a low of $48.80 and peaking at $93.79.

Dividend Increase Announced for TQQQ

In recent news, ProShares UltraPro QQQ declared a dividend that was paid to stockholders on Tuesday, December 31. Shareholders who held assets as of Monday, December 23 received a dividend of $0.2754 per share, reflecting an increase from the previous dividend of $0.23.

About ProShares UltraPro QQQ

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

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If you wish to learn more about other hedge funds holding TQQQ, check the latest 13F filings and insider trades related to ProShares UltraPro QQQ.

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investment, ETF, Carnegie