ProShares UltraPro QQQ (NASDAQ:TQQQ) Holdings Decreased by McElhenny Sheffield Capital Management LLC

McElhenny Sheffield Capital Management LLC lowered its position in ProShares UltraPro QQQ (NASDAQ:TQQQ) by 5.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 450,454 shares of the exchange traded fund’s stock after selling 24,017 shares during the quarter. ProShares UltraPro QQQ accounts for 10.7% of McElhenny Sheffield Capital Management LLC’s investment portfolio, making the stock its 3rd biggest position. McElhenny Sheffield Capital Management LLC owned 0.14% of ProShares UltraPro QQQ worth $32,653,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Physician Wealth Advisors Inc. raised its stake in shares of ProShares UltraPro QQQ by 1.9% in the 3rd quarter. Physician Wealth Advisors Inc. now owns 7,723 shares of the exchange traded fund’s stock valued at $565,000 after purchasing an additional 143 shares in the last quarter. Everhart Financial Group Inc. increased its holdings in ProShares UltraPro QQQ by 5.0% in the second quarter. Everhart Financial Group Inc. now owns 3,469 shares of the exchange traded fund’s stock valued at $256,000 after buying an additional 166 shares during the last quarter. Capital Investment Advisors LLC raised its stake in ProShares UltraPro QQQ by 0.4% during the third quarter. Capital Investment Advisors LLC now owns 44,082 shares of the exchange traded fund’s stock valued at $3,196,000 after buying an additional 178 shares in the last quarter. Sheaff Brock Investment Advisors LLC lifted its holdings in ProShares UltraPro QQQ by 0.7% during the 1st quarter. Sheaff Brock Investment Advisors LLC now owns 26,282 shares of the exchange traded fund’s stock worth $1,618,000 after buying an additional 187 shares during the last quarter. Finally, Fortress Wealth Group LLC grew its position in shares of ProShares UltraPro QQQ by 4.0% in the 2nd quarter. Fortress Wealth Group LLC now owns 8,087 shares of the exchange traded fund’s stock worth $593,000 after acquiring an additional 312 shares in the last quarter.

ProShares UltraPro QQQ Stock Performance

Shares of TQQQ opened at $74.64 on Monday. The business’s fifty day moving average price is $68.65 and its 200 day moving average price is $66.55. ProShares UltraPro QQQ has a 12-month low of $30.47 and a 12-month high of $85.20.

ProShares UltraPro QQQ Increases Dividend

The business also recently announced a dividend, which was paid on Wednesday, October 2nd. Shareholders of record on Wednesday, September 25th were given a $0.2302 dividend. The ex-dividend date was Wednesday, September 25th. This is a positive change from ProShares UltraPro QQQ’s previous dividend of $0.22.

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.