Toth Financial Advisory Corp Increases Stock Holdings in ProShares UltraPro QQQ $TQQQ

Key Points

• Toth Financial Advisory Corp increased its holdings in ProShares UltraPro QQQ by 21.3%, acquiring an additional 11,582 shares during the second quarter, now owning a total of 66,021 shares worth approximately $5.48 million.
• ProShares UltraPro QQQ has seen significant activity from other investors as well, with several firms including MRP Capital Investments LLC and Columbia River Financial Group LLC establishing new positions in the first quarter.
• The company recently increased its quarterly dividend to $0.2183 per share, enhancing its annualized yield to 0.8% from the previous $0.20 dividend.

Toth Financial Advisory Corp boosted its position in shares of ProShares UltraPro QQQ (NASDAQ:TQQQ - Free Report) by 21.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 66,021 shares of the exchange traded fund's stock after buying an additional 11,582 shares during the period. Toth Financial Advisory Corp's holdings in ProShares UltraPro QQQ were worth $5,480,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in TQQQ. Blue Sky Capital Consultants Group Inc. acquired a new position in ProShares UltraPro QQQ during the fourth quarter worth approximately $1,964,000. Menard Financial Group LLC purchased a new position in shares of ProShares UltraPro QQQ in the 4th quarter valued at approximately $146,000. Alpha Wealth Funds LLC purchased a new position in shares of ProShares UltraPro QQQ in the 4th quarter valued at approximately $1,878,000. Howard Financial Services LTD. purchased a new position in shares of ProShares UltraPro QQQ in the 1st quarter valued at approximately $470,000. Finally, Parallel Advisors LLC grew its stake in shares of ProShares UltraPro QQQ by 5.1% in the 1st quarter. Parallel Advisors LLC now owns 5,654 shares of the exchange traded fund's stock valued at $324,000 after purchasing an additional 274 shares during the last quarter.

ProShares UltraPro QQQ Price Performance

Shares of TQQQ stock traded down $2.45 during midday trading on Tuesday, hitting $102.27. The company had a trading volume of 40,901,896 shares, compared to its average volume of 78,954,094. The company's 50 day simple moving average is $91.28 and its 200 day simple moving average is $74.00. ProShares UltraPro QQQ has a 52-week low of $35.00 and a 52-week high of $105.08. The stock has a market cap of $31.52 billion, a price-to-earnings ratio of 38.25 and a beta of 3.45.

About ProShares UltraPro QQQ

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.