SG Americas Securities LLC Lowers Stock Position in ProShares Equities For Rising Rates ETF (NASDAQ:EQRR)

SG Americas Securities LLC cut its stake in shares of ProShares Equities For Rising Rates ETF (NASDAQ:EQRR) by 25.9% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 13,969 shares of the company’s stock after selling 4,884 shares during the quarter. SG Americas Securities LLC owned approximately 7.35% of ProShares Equities For Rising Rates ETF worth $825,000 at the end of the most recent reporting period.

Separately, Citadel Advisors LLC bought a new stake in shares of ProShares Equities For Rising Rates ETF during the fourth quarter valued at approximately $378,000.

ProShares Equities For Rising Rates ETF Stock Up 0.3%

Shares of EQRR stock opened at $59.53 on Friday. The company’s fifty day simple moving average is $57.11 and its two-hundred day simple moving average is $57.87. ProShares Equities For Rising Rates ETF has a 52 week low of $50.65 and a 52 week high of $62.73. The stock has a market cap of $11.31 million, a P/E ratio of 14.98 and a beta of 1.36.

ProShares Equities For Rising Rates ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Wednesday, March 26th were issued a $0.3409 dividend. The ex-dividend date was Wednesday, March 26th. This is a positive change from ProShares Equities For Rising Rates ETF’s previous quarterly dividend of $0.33. This represents a $1.36 dividend on an annualized basis and a dividend yield of 2.29%.

ProShares Equities For Rising Rates ETF Company 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.