Citigroup Inc. Sells 15,454 Shares of Proshares Equities For Rising Rates ETF (NASDAQ:EQRR)

Citigroup Inc. lowered its holdings in Proshares Equities For Rising Rates ETF (NASDAQ:EQRR) by 8.3% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 171,390 shares of the company’s stock after selling 15,454 shares during the period. Citigroup Inc. owned approximately 16.80% of Proshares Equities For Rising Rates ETF worth $8,454,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. JPMorgan Chase & Co. acquired a new position in Proshares Equities For Rising Rates ETF in the 1st quarter valued at $10,001,000. Goldman Sachs Group Inc. bought a new position in Proshares Equities For Rising Rates ETF in the 1st quarter valued at about $9,698,000. Cetera Investment Advisers bought a new position in Proshares Equities For Rising Rates ETF in the 1st quarter valued at about $3,039,000. Gallagher Benefit Services Inc. bought a new position in Proshares Equities For Rising Rates ETF in the 4th quarter valued at about $1,490,000. Finally, Founders Financial Securities LLC bought a new position in Proshares Equities For Rising Rates ETF in the 1st quarter valued at about $1,569,000.

Proshares Equities For Rising Rates ETF Stock Performance

Shares of EQRR stock opened at $52.44 on Thursday. The stock’s fifty day moving average price is $51.47 and its two-hundred day moving average price is $49.19. The company has a market cap of $37.23 million, a PE ratio of 9.82 and a beta of 1.36. Proshares Equities For Rising Rates ETF has a fifty-two week low of $42.90 and a fifty-two week high of $56.18.

Proshares Equities For Rising Rates ETF Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 28th. Shareholders of record on Thursday, June 22nd were issued a $0.4031 dividend. This represents a $1.61 dividend on an annualized basis and a dividend yield of 3.07%. The ex-dividend date was Wednesday, June 21st.

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.