Toth Financial Advisory Corp Reduces Stock Position in ProShares Ultra QQQ (NYSEARCA:QLD)

Toth Financial Advisory Corp lessened its stake in ProShares Ultra QQQ (NYSEARCA:QLD) by 2.9% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 223,691 shares of the company’s stock after selling 6,760 shares during the quarter. ProShares Ultra QQQ makes up about 2.4% of Toth Financial Advisory Corp’s holdings, making the stock its 3rd largest position. Toth Financial Advisory Corp’s holdings in ProShares Ultra QQQ were worth $19,568,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. CRA Financial Services LLC bought a new stake in shares of ProShares Ultra QQQ in the fourth quarter valued at $214,000. Citigroup Inc. raised its stake in shares of ProShares Ultra QQQ by 20.0% in the third quarter. Citigroup Inc. now owns 2,280 shares of the company’s stock valued at $135,000 after buying an additional 380 shares during the period. Envestnet Portfolio Solutions Inc. bought a new stake in shares of ProShares Ultra QQQ in the fourth quarter valued at $438,000. Grandview Asset Management LLC bought a new stake in shares of ProShares Ultra QQQ in the fourth quarter valued at $243,000. Finally, Lowery Thomas LLC bought a new stake in shares of ProShares Ultra QQQ in the fourth quarter valued at $237,000.

ProShares Ultra QQQ Price Performance

Shares of QLD traded down $1.13 during mid-day trading on Friday, hitting $99.81. The stock had a trading volume of 3,210,094 shares, compared to its average volume of 3,241,767. The firm has a market cap of $6.83 billion, a P/E ratio of 25.00 and a beta of 2.55. The business has a fifty day moving average price of $90.67 and a 200-day moving average price of $84.70. ProShares Ultra QQQ has a 52 week low of $53.72 and a 52 week high of $103.26.

ProShares Ultra QQQ Profile

ProShares Ultra QQQ (the Fund), formerly Ultra QQQ ProShares, seeks daily investment results that correspond to twice the daily performance of the NASDAQ-100 Index. The NASDAQ-100 Index represents the largest non-financial domestic and international issues listed on The NASDAQ Stock Market. To be eligible for inclusion, companies cannot be in bankruptcy proceedings and must meet certain additional criteria, including minimum trading volume and seasoning requirements.