McElhenny Sheffield Capital Management LLC Has $35.03 Million Position in ProShares UltraPro QQQ (NASDAQ:TQQQ)

McElhenny Sheffield Capital Management LLC reduced its stake in shares of ProShares UltraPro QQQ (NASDAQ:TQQQ - Free Report) by 2.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 474,471 shares of the exchange traded fund's stock after selling 13,359 shares during the period. ProShares UltraPro QQQ accounts for approximately 12.1% of McElhenny Sheffield Capital Management LLC's portfolio, making the stock its 3rd biggest holding. McElhenny Sheffield Capital Management LLC owned 0.15% of ProShares UltraPro QQQ worth $35,025,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. IMC Chicago LLC boosted its holdings in shares of ProShares UltraPro QQQ by 1,635.6% during the 4th quarter. IMC Chicago LLC now owns 9,191,741 shares of the exchange traded fund's stock worth $466,021,000 after buying an additional 8,662,153 shares during the period. Jane Street Group LLC lifted its position in ProShares UltraPro QQQ by 444.5% during the 1st quarter. Jane Street Group LLC now owns 10,280,259 shares of the exchange traded fund's stock worth $632,853,000 after acquiring an additional 8,392,312 shares during the last quarter. Flow Traders U.S. LLC boosted its holdings in ProShares UltraPro QQQ by 433.9% during the first quarter. Flow Traders U.S. LLC now owns 1,532,199 shares of the exchange traded fund's stock valued at $94,322,000 after acquiring an additional 1,245,229 shares during the period. Howard Capital Management Inc. acquired a new stake in shares of ProShares UltraPro QQQ in the fourth quarter valued at about $17,511,000. Finally, Orion Portfolio Solutions LLC bought a new position in shares of ProShares UltraPro QQQ in the fourth quarter worth about $5,574,000.

ProShares UltraPro QQQ Price Performance

Shares of NASDAQ TQQQ traded up $4.87 during trading hours on Thursday, hitting $58.06. 74,660,475 shares of the company's stock were exchanged, compared to its average volume of 65,181,141. The company's 50-day moving average price is $71.19 and its 200-day moving average price is $63.16. ProShares UltraPro QQQ has a 1-year low of $30.47 and a 1-year high of $85.20.

ProShares UltraPro QQQ Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 3rd. Shareholders of record on Wednesday, June 26th were given a $0.2828 dividend. This is an increase from ProShares UltraPro QQQ's previous quarterly dividend of $0.22. This represents a $1.13 annualized dividend and a yield of 1.95%. The ex-dividend date of this dividend was Wednesday, June 26th.

ProShares UltraPro QQQ Company 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.

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