[ad_1] TORONTO, Dec. 19, 2024 (GLOBE NEWSWIRE) — Quadravest Capital Management Inc. (the Manager) is pleased to declare a monthly distribution for Quadravest Preferred Split Share ETF (Preferred ETF) (TSX: PREF) as follows: Amount Per Unit: $0.05833 CAD Record Date: December 31, 2024 Payment Date: January 10, 2025 The monthly distribution per unit represents a total of $0.70 annualized based on the initial issue price of $10.00. The investment objectives of Preferred ETF are to provide unitholders with: (a) monthly distributions and (b) the opportunity for capital preservation, primarily through a portfolio…
Author: user
[ad_1] Image source: Getty Images Compared to the sort of gains delivered by the tech titans across the pond, one could be forgiven for thinking that FTSE shares have been a losing bet in 2024. I don’t think that’s the case at all. I’d also say there are a few reasons for investors to consider prioritising these shores going into 2025. Super year for stocks OK, let’s be real. Few Fools would suggest not investing in US stocks like Nvidia and Tesla if they could turn back time. Both have delivered magnificent returns in 2024. Even an S&P 500 tracker…
[ad_1] (Reuters) – A gauge of manufacturing activity in the U.S. Mid-Atlantic region slid to the lowest in nearly two years in December, with new orders and shipments both contracting in an indication the factory sector remains in a slump. The Federal Reserve Bank of Philadelphia said on Thursday that its monthly manufacturing index fell unexpectedly for a second straight month to negative 16.4 – the lowest since April 2023 – from negative 5.5 in November. The median forecast among economists polled by Reuters was for a reading of 3.0. Negative readings indicate a contraction in activity. The report’s new…
[ad_1] LPL Financial Holdings Inc. (NASDAQ:) has reached an all-time high, with its stock price soaring to $334.83, marking a significant milestone for the investment advisory firm. According to InvestingPro, the company maintains a “GREAT” overall financial health score, with particularly strong momentum and profitability metrics. This peak reflects a robust year-over-year growth, with LPLA stock experiencing an impressive 48.82% increase over the past year. The company’s strong performance is attributed to its strategic initiatives and a favorable market environment that has bolstered investor confidence. Supporting this growth is an 18.2% revenue increase in the last twelve months and a…
[ad_1] Mark R. Nesselroad, a director at United Bankshares Inc. (NASDAQ:), has reported the sale of 6,000 shares of common stock, according to a recent SEC filing. The shares were sold at an average price of $39.16 each, totaling approximately $234,965. The transaction occurred at a premium to the current trading price of $37.76, with InvestingPro analysis indicating the stock is currently undervalued. The $5.1 billion market cap company maintains a “GOOD” overall financial health score. Following this transaction, Nesselroad retains indirect ownership of 35,424 shares through his spouse and additional holdings of 14,141 shares directly and 18,358 shares indirectly…
[ad_1] This article summarizes the most significant insider buys and sells reported on Wednesday for US stocks. Top Buys: TKO Group Holdings, Inc. (NYSE:TKO) saw substantial insider purchases from multiple parties. Silver Lake, a private equity firm, acquired approximately $77.4 million worth of TKO’s Class A Common Stock over two days. The purchases were made at prices ranging from $143.35 to $148.97 per share. Endeavor Group Holdings, Inc., through its subsidiary Endeavor Operating Company, LLC, also acquired 518,400 shares of TKO, totaling about $77.4 million. Additionally, Emanuel Ariel, TKO’s Chief Executive Officer, made a significant purchase of approximately $77.4 million…
[ad_1] Image source: Getty Images The Santa Rally of early December now seems a long, long time ago. Today, stock markets are awash with a sea of red, with some predicting that a US stock market crash could be around the corner. So what’s going on? And what action should investors like me take? Here’s what’s happened Hopes of swingeing interest rate cuts in 2024 and 2025 have boosted global share markets this year. Base rate reductions provide an economic stimulus and bring down borrowing costs, boosting corporate profitability. But stickier inflation more recently suggests these extreme rate reductions may…
[ad_1] James Monroe III, a director and significant shareholder of Globalstar, Inc. (NYSE:), has acquired 500,000 shares of the company’s voting common stock. The shares were purchased on December 18 at a volume-weighted average price of approximately $1.9966 per share, amounting to a total investment of $998,300. The purchase comes as the stock has shown strong momentum, with a 78% gain over the past six months, trading near $1.90 in a 52-week range of $1.00-$2.74. The transactions were executed through Thermo Properties II, LLC, a related entity. Following these transactions, Monroe’s indirect ownership through various entities includes substantial holdings in…
[ad_1] Image source: Getty Images The stock market is having an up year in 2024, driven higher by the stampeding US bull market and widespread excitement about the revolutionary potential of artificial intelligence (AI). My own portfolio is on track for one of its best ever years. That said, there’s still a few trading days of the year left, so I’m not counting my chickens just yet. Getting started early Younger people today are investing more than ever before. According to the World Economy Forum, 70% of retail investors globally are aged under 45. This is a smart move on…
[ad_1] Verity Holdings, a subsidiary of Gevo Inc. (NASDAQ: GEVO), has announced a new partnership with Midwest Renewable Energy (MRE), a Nebraska-based ethanol producer. MRE will utilize Verity’s end-to-end carbon accounting platform to track sustainability metrics and enhance profitability. The platform will assist MRE in data collection, management, and lifecycle analysis calculations for participation in low carbon fuel production programs.MRE, which produces ethanol for fuel, industrial, pharmaceutical, food, and beverage applications, aims to expand monetization opportunities through tax credits, compliance, and voluntary markets. The partnership will enable MRE to access carbon value opportunities beyond regulatory programs through Verity’s network of…