McElhenny Sheffield Capital Management LLC Grows Holdings in ProShares UltraPro QQQ $TQQQ

Key Points

• McElhenny Sheffield Capital Management raised its stake in ProShares UltraPro QQQ by 77.7% in Q4 to 1,213,489 shares, making TQQQ about 15.6% of its portfolio and valuing the holding at roughly $63.98 million.
• Other institutions also boosted exposure — notably Goldman Sachs (up 4,237% to 520,444 shares, ~$29.8M) while JPMorgan and several wealth managers added smaller positions, indicating growing institutional interest in TQQQ.
• TQQQ, a 3x NASDAQ‑100 leveraged ETF, was trading up ~8.7% with a $28.14B market cap, high volatility (beta 3.50) and a 12‑month range of $19.36–$60.69; it also recently paid a quarterly dividend equal to about a 0.6% annual yield.

McElhenny Sheffield Capital Management LLC increased its holdings in ProShares UltraPro QQQ (NASDAQ:TQQQ - Free Report) by 77.7% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,213,489 shares of the exchange traded fund's stock after purchasing an additional 530,708 shares during the period. ProShares UltraPro QQQ makes up about 15.6% of McElhenny Sheffield Capital Management LLC's investment portfolio, making the stock its 2nd largest position. McElhenny Sheffield Capital Management LLC owned about 0.22% of ProShares UltraPro QQQ worth $63,975,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of TQQQ. Integrated Wealth Concepts LLC increased its position in ProShares UltraPro QQQ by 19.2% in the first quarter. Integrated Wealth Concepts LLC now owns 4,971 shares of the exchange traded fund's stock worth $285,000 after purchasing an additional 799 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in ProShares UltraPro QQQ by 4,237.0% during the first quarter. Goldman Sachs Group Inc. now owns 520,444 shares of the exchange traded fund's stock worth $29,821,000 after buying an additional 508,444 shares during the period. Focus Partners Wealth boosted its stake in ProShares UltraPro QQQ by 30.8% during the first quarter. Focus Partners Wealth now owns 10,954 shares of the exchange traded fund's stock worth $628,000 after buying an additional 2,578 shares during the period. JPMorgan Chase & Co. boosted its stake in ProShares UltraPro QQQ by 11.4% during the second quarter. JPMorgan Chase & Co. now owns 19,570 shares of the exchange traded fund's stock worth $1,624,000 after buying an additional 2,002 shares during the period. Finally, Cerity Partners LLC boosted its stake in ProShares UltraPro QQQ by 11.4% during the second quarter. Cerity Partners LLC now owns 30,865 shares of the exchange traded fund's stock worth $2,562,000 after buying an additional 3,158 shares during the period.

ProShares UltraPro QQQ Trading Up 8.7%

Shares of TQQQ opened at $48.00 on Thursday. The firm has a market capitalization of $28.14 billion, a P/E ratio of 38.25 and a beta of 3.50. ProShares UltraPro QQQ has a 12-month low of $19.36 and a 12-month high of $60.69. The firm has a fifty day moving average price of $47.72 and a 200-day moving average price of $51.61.

ProShares UltraPro QQQ Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Wednesday, March 25th were paid a dividend of $0.0716 per share. This represents a $0.29 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend was Wednesday, March 25th.

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. ProShare Advisors LLC (ProShare Advisors) provides the investment advisory and management services for the Fund.

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