McElhenny Sheffield Capital Management LLC Reduces Holdings in ProShares UltraPro QQQ

During the third quarter, McElhenny Sheffield Capital Management LLC reduced its holdings in ProShares UltraPro QQQ (NASDAQ:TQQQ) by 5.1%, as reported in its latest filing with the Securities and Exchange Commission. Following this adjustment, the fund now holds 450,454 shares of the exchange-traded fund, having sold 24,017 shares during the quarter. This particular investment represents 10.7% of McElhenny Sheffield Capital Management LLC's overall portfolio, making it the third largest position in their investments.

At the end of this reporting period, the firm accounted for 0.14% of ProShares UltraPro QQQ, valued at approximately $32,653,000.

Institutional Investors Adjust Their Stakes

In addition to McElhenny Sheffield Capital Management LLC, several other institutional investors have recently modified their positions in ProShares UltraPro QQQ. For instance, Physician Wealth Advisors Inc. increased its stake in the shares by 1.9% during the third quarter. They now own 7,723 shares valued at $565,000 after acquiring an additional 143 shares in the last quarter. Likewise, Everhart Financial Group Inc. raised its holdings in ProShares UltraPro QQQ by 5.0% in the previous quarter and now holds 3,469 shares valued at $256,000 after buying 166 additional shares.

Moreover, Capital Investment Advisors LLC increased its position by 0.4% in the third quarter, owning 44,082 shares worth $3,196,000. Sheaff Brock Investment Advisors LLC also lifted its holdings by 0.7% in the first quarter, now owning 26,282 shares worth $1,618,000 after an additional purchase of 187 shares. Finally, Fortress Wealth Group LLC expanded its position by 4.0% in the second quarter, increasing its share count to 8,087, valued at $593,000.

ProShares UltraPro QQQ Stock Overview

On Monday, shares of ProShares UltraPro QQQ opened at $74.64. The ETF has a 50-day moving average of $68.65 and a 200-day moving average of $66.55, with a 12-month range between a low of $30.47 and a high of $85.20.

Recent Dividend Announcement

Additionally, ProShares UltraPro QQQ announced a dividend that was paid out on October 2. Shareholders who were on record as of September 25 received a dividend of $0.2302, marking an increase from the previous dividend of $0.22.

About ProShares UltraPro QQQ

ProShares UltraPro QQQ ETF aims to generate daily investment results that are three times (300%) the daily performance of the NASDAQ-100 Index before fees and expenses. The fund invests in equity securities, derivatives like futures contracts, swap agreements, and money market instruments.

investment, stocks, dividend