SG Americas Securities LLC Reduces Stake in ProShares Equities For Rising Rates ETF $EQRR

SG Americas Securities LLC reduced its holdings in ProShares Equities For Rising Rates ETF (NASDAQ:EQRR) by 66.0% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 8,151 shares of the company’s stock after selling 15,827 shares during the quarter. SG Americas Securities LLC’s holdings in ProShares Equities For Rising Rates ETF were worth $567,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in EQRR. International Assets Investment Management LLC purchased a new stake in ProShares Equities For Rising Rates ETF in the fourth quarter worth $31,000. Steward Partners Investment Advisory LLC purchased a new position in ProShares Equities For Rising Rates ETF during the 4th quarter valued at $79,000. Royal Bank of Canada increased its position in ProShares Equities For Rising Rates ETF by 17.2% during the 4th quarter. Royal Bank of Canada now owns 4,098 shares of the company’s stock valued at $264,000 after purchasing an additional 600 shares during the period. Citadel Advisors LLC raised its holdings in ProShares Equities For Rising Rates ETF by 11.9% in the 3rd quarter. Citadel Advisors LLC now owns 7,826 shares of the company’s stock worth $494,000 after purchasing an additional 831 shares in the last quarter. Finally, Susquehanna International Group LLP raised its holdings in ProShares Equities For Rising Rates ETF by 63.1% in the 3rd quarter. Susquehanna International Group LLP now owns 7,834 shares of the company’s stock worth $495,000 after purchasing an additional 3,032 shares in the last quarter.

ProShares Equities For Rising Rates ETF Trading Up 0.3%

NASDAQ:EQRR opened at $80.09 on Wednesday. The company has a 50-day moving average price of $78.75 and a 200-day moving average price of $71.88. The stock has a market cap of $36.04 million, a price-to-earnings ratio of 16.51 and a beta of 0.90. ProShares Equities For Rising Rates ETF has a 12 month low of $59.19 and a 12 month high of $82.53.

ProShares Equities For Rising Rates ETF Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Wednesday, June 24th were issued a $0.1981 dividend. The ex-dividend date was Wednesday, June 24th. This represents a $0.79 annualized dividend and a yield of 1.0%.

About ProShares Equities For Rising Rates ETF

The ProShares Equities for Rising Rates ETF (EQRR) is an exchange-traded fund that mostly invests in large cap equity. The fund tracks an index of 50 US-listed large-cap stocks that are anticipated to perform favorably during periods of rising interest rates. EQRR was launched on Jul 24, 2017 and is managed by ProShares.