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

Toth Financial Advisory Corp lessened its holdings in shares of ProShares UltraPro QQQ (NASDAQ:TQQQ - Free Report) by 38.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund 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 and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the business. Flagstar Advisors Inc. raised its holdings in shares of ProShares UltraPro QQQ by 0.4% during the fourth quarter. Flagstar Advisors Inc. now owns 53,439 shares of the exchange traded fund's stock valued at $2,709,000 after buying an additional 233 shares during the last quarter. Wealthspire Advisors LLC increased its stake in shares of ProShares UltraPro QQQ by 3.8% during the fourth quarter. Wealthspire Advisors LLC now owns 7,569 shares of the exchange traded fund's stock valued at $384,000 after acquiring an additional 279 shares during the period. Millington Financial Advisors LLC increased its stake in shares of ProShares UltraPro QQQ by 2.3% during the fourth quarter. Millington Financial Advisors LLC now owns 18,148 shares of the exchange traded fund's stock valued at $920,000 after acquiring an additional 412 shares during the period. Signaturefd LLC increased its stake in shares of ProShares UltraPro QQQ by 9.6% during the fourth quarter. Signaturefd LLC now owns 4,798 shares of the exchange traded fund's stock valued at $243,000 after acquiring an additional 422 shares during the period. Finally, Sandy Spring Bank increased its stake in shares of ProShares UltraPro QQQ by 1,113.0% during the fourth quarter. Sandy Spring Bank now owns 558 shares of the exchange traded fund's stock valued at $28,000 after acquiring an additional 512 shares during the period.

ProShares UltraPro QQQ Price Performance

Shares of NASDAQ TQQQ traded down $1.18 during mid-day trading on Friday, reaching $73.82. 53,901,476 shares of the company traded hands, compared to its average volume of 64,940,441. ProShares UltraPro QQQ has a fifty-two week low of $30.47 and a fifty-two week high of $77.72. The stock has a fifty day simple moving average of $64.35 and a 200-day simple moving average of $58.93.

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 $0.2828 dividend. This is a positive change from ProShares UltraPro QQQ's previous quarterly dividend of $0.22. The ex-dividend date of this dividend is Wednesday, June 26th. This represents a $1.13 annualized dividend and a yield of 1.53%.

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.