Toth Financial Advisory Corp Cuts Stake in ProShares UltraPro QQQ (NASDAQ:TQQQ)

Toth Financial Advisory Corp decreased its position in ProShares UltraPro QQQ (NASDAQ:TQQQ) by 13.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 58,764 shares of the exchange traded fund’s stock after selling 8,775 shares during the period. Toth Financial Advisory Corp’s holdings in ProShares UltraPro QQQ were worth $4,260,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Benjamin F. Edwards & Company Inc. purchased a new stake in ProShares UltraPro QQQ in the 1st quarter valued at approximately $37,000. Turim 21 Investimentos Ltda. grew its holdings in ProShares UltraPro QQQ by 98.5% during the second quarter. Turim 21 Investimentos Ltda. now owns 665 shares of the exchange traded fund’s stock worth $49,000 after acquiring an additional 330 shares during the period. Hantz Financial Services Inc. acquired a new stake in ProShares UltraPro QQQ in the second quarter valued at $68,000. Fairfield Financial Advisors LTD purchased a new stake in shares of ProShares UltraPro QQQ during the 2nd quarter worth $117,000. Finally, International Assets Investment Management LLC acquired a new position in shares of ProShares UltraPro QQQ during the 2nd quarter worth $148,000.

ProShares UltraPro QQQ Stock Performance

Shares of TQQQ traded down $0.29 during trading hours on Monday, reaching $74.35. The company had a trading volume of 24,593,992 shares, compared to its average volume of 61,419,828. ProShares UltraPro QQQ has a 12-month low of $30.47 and a 12-month high of $85.20. The firm has a 50 day simple moving average of $68.65 and a 200-day simple moving average of $66.60.

ProShares UltraPro QQQ Increases Dividend

The business also recently declared a dividend, which was paid on Wednesday, October 2nd. Stockholders of record on Wednesday, September 25th were given a dividend of $0.2302 per share. This is an increase from ProShares UltraPro QQQ’s previous dividend of $0.22. The ex-dividend date was Wednesday, September 25th.

ProShares UltraPro QQQ 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.