Balefire LLC Has $782,000 Stock Holdings in ProShares UltraPro QQQ $TQQQ

Key Points

• Balefire LLC significantly reduced its holdings in ProShares UltraPro QQQ by 60.2%, bringing the total value of its stake to $782,000 after selling 14,228 shares.
• ProShares UltraPro QQQ recently declared a quarterly dividend of $0.2183 per share, marking an increase from the previous quarter's $0.20 dividend.
• The ETF's stock is currently trading at $98.33, with a market cap of $30.31 billion and a PE ratio of 38.25.

Balefire LLC decreased its position in shares of ProShares UltraPro QQQ (NASDAQ:TQQQ - Free Report) by 60.2% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 9,426 shares of the exchange traded fund's stock after selling 14,228 shares during the quarter. Balefire LLC's holdings in ProShares UltraPro QQQ were worth $782,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. MFG Wealth Management Inc. acquired a new position in ProShares UltraPro QQQ during the 2nd quarter worth $3,266,000. Westmount Partners LLC acquired a new position in ProShares UltraPro QQQ during the 2nd quarter worth $338,000. Goldstone Financial Group LLC bought a new stake in shares of ProShares UltraPro QQQ during the 2nd quarter valued at $299,000. Parallel Advisors LLC raised its position in shares of ProShares UltraPro QQQ by 140.8% during the 2nd quarter. Parallel Advisors LLC now owns 13,615 shares of the exchange traded fund's stock valued at $1,130,000 after acquiring an additional 7,961 shares during the last quarter. Finally, Verde Capital Management bought a new stake in shares of ProShares UltraPro QQQ in the 2nd quarter valued at $215,000.

ProShares UltraPro QQQ Stock Up 2.0%

Shares of TQQQ traded up $2.00 during trading hours on Friday, reaching $102.98. The stock had a trading volume of 42,013,788 shares, compared to its average volume of 79,387,609. ProShares UltraPro QQQ has a 52 week low of $35.00 and a 52 week high of $103.29. The firm has a 50-day moving average of $90.88 and a 200 day moving average of $73.68. The company has a market cap of $31.74 billion, a P/E ratio of 38.25 and a beta of 3.45.

ProShares UltraPro QQQ Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 1st. Investors of record on Wednesday, June 25th were paid a $0.2183 dividend. This represents a $0.87 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend was Wednesday, June 25th. 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.