Toth Financial Advisory Corp Purchases 50,867 Shares of ProShares UltraPro QQQ $TQQQ

Key Points

• Toth Financial Advisory Corp raised its stake in ProShares UltraPro QQQ (TQQQ) by 93.4%, buying an additional 50,867 shares to hold 105,351 shares worth $5.554 million per its latest 13F filing.
• Several large institutions also sharply increased TQQQ positions — notably Cantor Fitzgerald (+823.5% to 779,017 shares, ~$80.6M), Citigroup (+3,108% to 601,603 shares, ~$62.2M) and Goldman Sachs (+4,237% to 520,444 shares, ~$29.8M).
• ProShares UltraPro QQQ is a 3x leveraged NASDAQ‑100 ETF; it recently traded near $43.33 (50‑day/200‑day MAs: $48.37/$51.70), has a $25.5B market cap, and pays a modest annualized dividend (~$0.29, 0.7% yield).

Toth Financial Advisory Corp raised its position in ProShares UltraPro QQQ (NASDAQ:TQQQ - Free Report) by 93.4% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 105,351 shares of the exchange traded fund's stock after buying an additional 50,867 shares during the period. Toth Financial Advisory Corp's holdings in ProShares UltraPro QQQ were worth $5,554,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of TQQQ. Cantor Fitzgerald L. P. lifted its holdings in ProShares UltraPro QQQ by 823.5% during the third quarter. Cantor Fitzgerald L. P. now owns 779,017 shares of the exchange traded fund's stock worth $80,550,000 after acquiring an additional 694,661 shares during the period. McElhenny Sheffield Capital Management LLC grew its stake in ProShares UltraPro QQQ by 4.8% in the 3rd quarter. McElhenny Sheffield Capital Management LLC now owns 682,781 shares of the exchange traded fund's stock valued at $70,600,000 after purchasing an additional 31,361 shares during the period. Citigroup Inc. increased its position in shares of ProShares UltraPro QQQ by 3,108.0% during the 3rd quarter. Citigroup Inc. now owns 601,603 shares of the exchange traded fund's stock valued at $62,206,000 after purchasing an additional 621,603 shares during the last quarter. Goldman Sachs Group Inc. increased its position in shares of ProShares UltraPro QQQ by 4,237.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 520,444 shares of the exchange traded fund's stock valued at $29,821,000 after purchasing an additional 508,444 shares during the last quarter. Finally, Flow Traders U.S. LLC increased its position in shares of ProShares UltraPro QQQ by 49.7% during the 2nd quarter. Flow Traders U.S. LLC now owns 296,913 shares of the exchange traded fund's stock valued at $24,644,000 after purchasing an additional 98,613 shares during the last quarter.

ProShares UltraPro QQQ Price Performance

NASDAQ TQQQ opened at $43.33 on Friday. The business's fifty day moving average is $48.37 and its 200-day moving average is $51.70. The stock has a market capitalization of $25.53 billion, a price-to-earnings ratio of 38.25 and a beta of 3.46. ProShares UltraPro QQQ has a one year low of $17.50 and a one year high of $60.69.

ProShares UltraPro QQQ Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Wednesday, March 25th were given a $0.0716 dividend. The ex-dividend date of this dividend was Wednesday, March 25th. This represents a $0.29 annualized dividend and a yield of 0.7%.

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. ProShare Advisors LLC (ProShare Advisors) provides the investment advisory and management services for the Fund.

Want to see what other hedge funds are holding TQQQ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ProShares UltraPro QQQ (NASDAQ:TQQQ - Free Report).

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