Toth Financial Advisory Corp Sells 43,593 Shares of ProShares UltraPro QQQ (NASDAQ:TQQQ)

Toth Financial Advisory Corp trimmed its position in ProShares UltraPro QQQ (NASDAQ:TQQQ) by 38.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 70,553 shares of the exchange traded fund’s stock after selling 43,593 shares during the period. Toth Financial Advisory Corp’s holdings in ProShares UltraPro QQQ were worth $4,343,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. UBS Group AG purchased a new position in shares of ProShares UltraPro QQQ in the 3rd quarter valued at approximately $2,225,000. Tucker Asset Management LLC lifted its stake in shares of ProShares UltraPro QQQ by 153.9% during the third quarter. Tucker Asset Management LLC now owns 35,577 shares of the exchange traded fund’s stock worth $1,267,000 after buying an additional 21,566 shares during the period. Citigroup Inc. purchased a new stake in shares of ProShares UltraPro QQQ during the third quarter valued at $221,000. Anchor Investment Management LLC purchased a new position in ProShares UltraPro QQQ in the 4th quarter worth $210,000. Finally, Fulton Bank N.A. acquired a new stake in ProShares UltraPro QQQ during the 4th quarter worth about $719,000.

ProShares UltraPro QQQ Stock Down 1.6 %

Shares of TQQQ stock traded down $1.18 during mid-day trading on Friday, reaching $73.82. The stock had a trading volume of 53,901,476 shares, compared to its average volume of 64,940,441. ProShares UltraPro QQQ has a 1-year low of $30.47 and a 1-year high of $77.72. The business’s fifty day moving average is $64.35 and its 200-day moving average is $58.84.

ProShares UltraPro QQQ Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 3rd. Shareholders of record on Wednesday, June 26th will be given a dividend of $0.2828 per share. The ex-dividend date of this dividend is Wednesday, June 26th. This is a positive change from ProShares UltraPro QQQ’s previous quarterly dividend of $0.22. This represents a $1.13 dividend on an annualized basis and a yield of 1.53%.

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.