ProShares UltraPro QQQ (NASDAQ:TQQQ) Shares Sold by McElhenny Sheffield Capital Management LLC

McElhenny Sheffield Capital Management LLC reduced its holdings in shares of ProShares UltraPro QQQ (NASDAQ:TQQQ) by 98.8% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 5,238 shares of the exchange traded fund’s stock after selling 445,216 shares during the period. McElhenny Sheffield Capital Management LLC’s holdings in ProShares UltraPro QQQ were worth $414,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. RPg Family Wealth Advisory LLC acquired a new stake in ProShares UltraPro QQQ in the third quarter valued at about $32,000. Turim 21 Investimentos Ltda. lifted its holdings in shares of ProShares UltraPro QQQ by 98.5% in the 2nd quarter. Turim 21 Investimentos Ltda. now owns 665 shares of the exchange traded fund’s stock valued at $49,000 after buying an additional 330 shares during the period. Signaturefd LLC boosted its stake in shares of ProShares UltraPro QQQ by 153.8% in the third quarter. Signaturefd LLC now owns 1,081 shares of the exchange traded fund’s stock valued at $78,000 after buying an additional 655 shares in the last quarter. Farther Finance Advisors LLC grew its holdings in ProShares UltraPro QQQ by 235.7% during the third quarter. Farther Finance Advisors LLC now owns 1,541 shares of the exchange traded fund’s stock worth $112,000 after acquiring an additional 1,082 shares during the period. Finally, Carnegie Investment Counsel purchased a new position in ProShares UltraPro QQQ in the fourth quarter worth $214,000.

ProShares UltraPro QQQ Price Performance

TQQQ stock opened at $83.14 on Friday. The company’s 50-day moving average price is $82.19 and its 200 day moving average price is $74.38. ProShares UltraPro QQQ has a 52 week low of $48.80 and a 52 week high of $93.79.

ProShares UltraPro QQQ Increases Dividend

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

ProShares UltraPro QQQ 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.