SG Americas Securities LLC Cuts Holdings in ProShares Equities For Rising Rates ETF $EQRR

SG Americas Securities LLC decreased its holdings in ProShares Equities For Rising Rates ETF (NASDAQ:EQRR) by 34.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,218 shares of the company’s stock after selling 4,751 shares during the period. SG Americas Securities LLC owned about 0.05% of ProShares Equities For Rising Rates ETF worth $547,000 as of its most recent SEC filing.

Separately, Royal Bank of Canada boosted its position in shares of ProShares Equities For Rising Rates ETF by 324.3% during the first quarter. Royal Bank of Canada now owns 9,686 shares of the company’s stock valued at $572,000 after buying an additional 7,403 shares during the last quarter.

ProShares Equities For Rising Rates ETF Stock Performance

NASDAQ EQRR opened at $63.15 on Thursday. ProShares Equities For Rising Rates ETF has a one year low of $50.65 and a one year high of $63.96. The stock has a 50-day moving average of $62.72 and a 200 day moving average of $61.12. The company has a market capitalization of $8.84 million, a price-to-earnings ratio of 16.51 and a beta of 1.09.

ProShares Equities For Rising Rates ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Wednesday, September 24th were issued a dividend of $0.2328 per share. This represents a $0.93 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend was Wednesday, September 24th.

ProShares Equities For Rising Rates ETF Profile

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.