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 ProShares UltraPro QQQ (NASDAQ:TQQQ - Free Report) by 21.3% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund 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 filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of TQQQ. Kingstone Capital Partners Texas LLC purchased a new stake in ProShares UltraPro QQQ in the second quarter valued at approximately $395,951,000. Jump Financial LLC purchased a new stake in ProShares UltraPro QQQ in the 1st quarter worth approximately $53,458,000. Goldman Sachs Group Inc. boosted its position in ProShares UltraPro QQQ by 4,237.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 520,444 shares of the exchange traded fund's stock worth $29,821,000 after purchasing an additional 508,444 shares in the last quarter. Oriental Harbor Investment Fund boosted its position in ProShares UltraPro QQQ by 47.3% in the 1st quarter. Oriental Harbor Investment Fund now owns 1,515,410 shares of the exchange traded fund's stock worth $86,488,000 after purchasing an additional 486,506 shares in the last quarter. Finally, TB Alternative Assets Ltd. purchased a new stake in ProShares UltraPro QQQ in the 1st quarter worth approximately $26,495,000.

ProShares UltraPro QQQ Trading Up 1.7%

ProShares UltraPro QQQ stock traded up $1.74 during mid-day trading on Monday, hitting $104.72. The company had a trading volume of 40,290,510 shares, compared to its average volume of 79,170,617. ProShares UltraPro QQQ has a 12-month low of $35.00 and a 12-month high of $105.08. The company's fifty day moving average is $90.88 and its 200-day moving average is $73.74. The company has a market capitalization of $32.27 billion, a price-to-earnings ratio of 38.25 and a beta of 3.45.

ProShares UltraPro QQQ Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 1st. Shareholders of record on Wednesday, June 25th were given a $0.2183 dividend. The ex-dividend date was Wednesday, June 25th. This represents a $0.87 annualized dividend and a yield of 0.8%. This is a boost from ProShares UltraPro QQQ's previous quarterly dividend of $0.20.

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.