Ausdal Financial Partners Inc. Increases Stake in ProShares UltraPro QQQ Ausdal Financial Partners Inc. has significantly boosted its holdings in ProShares UltraPro QQQ (TQQQ) during the third quarter, according to recent SEC filings. The firm increased its stake by 778.5%, acquiring an additional 45,813 shares to bring its total holdings to 51,698 shares. The value of these shares is estimated at approximately $5.35 million. ProShares UltraPro QQQ, a triple-leveraged exchange-traded fund, tracks the NASDAQ-100 Index with 300% daily exposure. The fund recently raised its quarterly dividend to $0.0855 per share, up from $0.05 previously. This translates to an annualized payout of $0.34, yielding about 0.7%. The dividend was paid on December 31, with an ex-dividend date of December 24. The ETF, which trades with high volatility, opened at $45.93 in the latest session. Its 12-month trading range spans from a low of $17.50 to a high of $60.69. The fund has a beta of 3.46, indicating its sensitivity to market movements. With a market capitalization of $24.65 billion, TQQQ remains a popular choice for investors seeking amplified returns, though its leveraged nature comes with increased risk. Other institutional investors have also adjusted their positions in TQQQ. Advyzon Investment Management LLC increased its holdings by 145.6%, acquiring 27,081 shares to reach a total of 45,678 shares valued at $4.72 million. Orion Portfolio Solutions LLC raised its stake by 148.2%, purchasing 50,404 shares to hold 84,408 shares worth $8.73 million. Manchester Capital Management LLC initiated a new position in the ETF, acquiring shares valued at $498,000. Envestnet Asset Management Inc. and Empowered Funds LLC also increased their stakes by 20.4% and 415.#proshares_ultrapro_qqq #nasdaq_100_index #ausdal_financial_partners_inc #sec_filings #dividend_increase
