SG Americas Securities LLC Buys 16,556 Shares of ProShares Equities For Rising Rates ETF $EQRR

SG Americas Securities LLC increased its stake in shares of ProShares Equities For Rising Rates ETF (NASDAQ:EQRR) by 223.1% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 23,978 shares of the company’s stock after acquiring an additional 16,556 shares during the period. SG Americas Securities LLC owned 12.62% of ProShares Equities For Rising Rates ETF worth $1,543,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Royal Bank of Canada boosted its position in 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 worth $572,000 after purchasing an additional 7,403 shares during the period. Susquehanna International Group LLP raised its position in shares of ProShares Equities For Rising Rates ETF by 63.1% in the third quarter. Susquehanna International Group LLP now owns 7,834 shares of the company’s stock valued at $495,000 after purchasing an additional 3,032 shares during the period. Finally, Citadel Advisors LLC lifted its stake in shares of ProShares Equities For Rising Rates ETF by 11.9% in the third quarter. Citadel Advisors LLC now owns 7,826 shares of the company’s stock worth $494,000 after buying an additional 831 shares during the last quarter.

ProShares Equities For Rising Rates ETF Trading Up 0.2%

Shares of ProShares Equities For Rising Rates ETF stock opened at $69.41 on Tuesday. The firm has a fifty day simple moving average of $68.34 and a 200-day simple moving average of $65.49. The stock has a market capitalization of $11.80 million, a price-to-earnings ratio of 16.51 and a beta of 1.09. ProShares Equities For Rising Rates ETF has a 1-year low of $50.65 and a 1-year high of $71.00.

ProShares Equities For Rising Rates ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Wednesday, March 25th were given a dividend of $0.2334 per share. The ex-dividend date of this dividend was Wednesday, March 25th. This represents a $0.93 dividend on an annualized basis and a yield of 1.3%. This is a positive change from ProShares Equities For Rising Rates ETF’s previous quarterly dividend of $0.22.

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.