Carnegie Investment Counsel Makes New Investment in ProShares UltraPro QQQ (NASDAQ:TQQQ)

Carnegie Investment Counsel acquired a new stake in shares of ProShares UltraPro QQQ (NASDAQ:TQQQ) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 2,700 shares of the exchange traded fund’s stock, valued at approximately $214,000.

Several other hedge funds have also recently modified their holdings of the stock. Physician Wealth Advisors Inc. lifted its position in shares of ProShares UltraPro QQQ by 1.9% in the third quarter. Physician Wealth Advisors Inc. now owns 7,723 shares of the exchange traded fund’s stock worth $565,000 after buying an additional 143 shares in the last quarter. Sheaff Brock Investment Advisors LLC raised its holdings in shares of ProShares UltraPro QQQ by 0.6% during the 3rd quarter. Sheaff Brock Investment Advisors LLC now owns 26,075 shares of the exchange traded fund’s stock worth $1,890,000 after acquiring an additional 158 shares in the last quarter. Capital Investment Advisors LLC boosted its position in shares of ProShares UltraPro QQQ by 0.4% during the 3rd quarter. Capital Investment Advisors LLC now owns 44,082 shares of the exchange traded fund’s stock valued at $3,196,000 after acquiring an additional 178 shares during the last quarter. Golden State Equity Partners grew its holdings in shares of ProShares UltraPro QQQ by 5.2% in the third quarter. Golden State Equity Partners now owns 4,182 shares of the exchange traded fund’s stock valued at $303,000 after purchasing an additional 205 shares in the last quarter. Finally, Lauer Wealth LLC increased its position in ProShares UltraPro QQQ by 6.4% in the third quarter. Lauer Wealth LLC now owns 4,667 shares of the exchange traded fund’s stock worth $335,000 after purchasing an additional 281 shares during the last quarter.

ProShares UltraPro QQQ Stock Up 4.9 %

ProShares UltraPro QQQ stock opened at $83.14 on Monday. ProShares UltraPro QQQ has a 52-week low of $48.80 and a 52-week high of $93.79. The firm’s fifty day moving average is $82.19 and its 200 day moving average is $74.34.

ProShares UltraPro QQQ Increases Dividend

The firm also recently declared a dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 23rd were issued a $0.2754 dividend. This is an increase from ProShares UltraPro QQQ’s previous dividend of $0.23. The ex-dividend date was Monday, December 23rd.

ProShares UltraPro QQQ Company Profile

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.