McElhenny Sheffield Capital Management LLC cut its position in shares of ProShares UltraPro QQQ (NASDAQ:TQQQ - Free Report) by 98.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. 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 SEC filing.
Several other institutional investors have also added to or reduced their stakes in the company. Oriental Harbor Investment Fund bought a new position in shares of ProShares UltraPro QQQ during the 3rd quarter valued at approximately $82,199,000. Paragon Advisors LLC grew its stake in shares of ProShares UltraPro QQQ by 22.9% in the 3rd quarter. Paragon Advisors LLC now owns 741,671 shares of the exchange traded fund's stock worth $53,764,000 after buying an additional 138,343 shares in the last quarter. IMC Chicago LLC increased its holdings in shares of ProShares UltraPro QQQ by 1,145.4% in the 3rd quarter. IMC Chicago LLC now owns 560,847 shares of the exchange traded fund's stock worth $40,656,000 after buying an additional 515,815 shares during the last quarter. BNP Paribas Financial Markets purchased a new stake in shares of ProShares UltraPro QQQ during the 3rd quarter valued at about $21,747,000. Finally, International Assets Investment Management LLC lifted its holdings in shares of ProShares UltraPro QQQ by 14,257.8% in the 3rd quarter. International Assets Investment Management LLC now owns 287,155 shares of the exchange traded fund's stock valued at $20,816,000 after acquiring an additional 285,155 shares during the last quarter.
ProShares UltraPro QQQ Trading Up 4.9 %
TQQQ traded up $3.91 on Friday, hitting $83.14. The company had a trading volume of 43,493,276 shares, compared to its average volume of 54,731,445. The business's fifty day simple moving average is $82.19 and its 200 day simple moving average is $74.34. ProShares UltraPro QQQ has a 12-month low of $48.80 and a 12-month high of $93.79.
ProShares UltraPro QQQ Increases Dividend
The business also recently announced a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd were issued a $0.2754 dividend. This is a boost from ProShares UltraPro QQQ's previous dividend of $0.23. The ex-dividend date was Monday, December 23rd.
ProShares UltraPro QQQ Company Profile
(
Free Report)
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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