Empowered Funds LLC Invests $729,000 in ProShares UltraPro QQQ (NASDAQ:TQQQ)

Empowered Funds LLC bought a new stake in ProShares UltraPro QQQ (NASDAQ:TQQQ) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 9,212 shares of the exchange traded fund’s stock, valued at approximately $729,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Clarity Wealth Advisors LLC boosted its holdings in shares of ProShares UltraPro QQQ by 3.9% in the 4th quarter. Clarity Wealth Advisors LLC now owns 9,520 shares of the exchange traded fund’s stock valued at $753,000 after acquiring an additional 360 shares during the last quarter. Ameliora Wealth Management Ltd. acquired a new stake in ProShares UltraPro QQQ during the 4th quarter worth about $391,000. James J. Burns & Company LLC purchased a new position in shares of ProShares UltraPro QQQ during the 4th quarter valued at about $206,000. Ridgepath Capital Management LLC lifted its holdings in shares of ProShares UltraPro QQQ by 21.0% in the 4th quarter. Ridgepath Capital Management LLC now owns 163,389 shares of the exchange traded fund’s stock valued at $12,929,000 after buying an additional 28,341 shares during the period. Finally, Strategic Wealth Investment Group LLC purchased a new stake in shares of ProShares UltraPro QQQ in the fourth quarter worth about $399,000.

ProShares UltraPro QQQ Trading Up 0.6 %

Shares of TQQQ stock opened at $90.39 on Wednesday. ProShares UltraPro QQQ has a twelve month low of $48.80 and a twelve month high of $93.79. The stock has a 50 day moving average of $84.10 and a 200 day moving average of $76.19.

ProShares UltraPro QQQ Increases Dividend

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

About ProShares UltraPro QQQ

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.