Citadel Advisors LLC Invests $378,000 in ProShares Equities For Rising Rates ETF (NASDAQ:EQRR)

Citadel Advisors LLC purchased a new position in shares of ProShares Equities For Rising Rates ETF (NASDAQ:EQRR) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 6,663 shares of the company’s stock, valued at approximately $378,000. Citadel Advisors LLC owned approximately 3.17% of ProShares Equities For Rising Rates ETF at the end of the most recent quarter.

ProShares Equities For Rising Rates ETF Stock Up 1.1%

ProShares Equities For Rising Rates ETF stock opened at $58.56 on Wednesday. The stock has a market cap of $11.13 million, a P/E ratio of 14.98 and a beta of 1.36. ProShares Equities For Rising Rates ETF has a twelve month low of $50.65 and a twelve month high of $62.73. The company’s 50-day moving average price is $56.17 and its two-hundred day moving average price is $58.11.

ProShares Equities For Rising Rates ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Wednesday, March 26th were given a dividend of $0.3409 per share. This represents a $1.36 dividend on an annualized basis and a yield of 2.33%. This is a positive change from ProShares Equities For Rising Rates ETF’s previous quarterly dividend of $0.33. The ex-dividend date was Wednesday, March 26th.

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.