SG Americas Securities LLC Grows Stock Holdings in Proshares Equities For Rising Rates ETF (NASDAQ:EQRR)

SG Americas Securities LLC grew its holdings in Proshares Equities For Rising Rates ETF (NASDAQ:EQRR) by 88.3% during the third quarter, HoldingsChannel reports. The firm owned 10,407 shares of the company’s stock after acquiring an additional 4,879 shares during the period. SG Americas Securities LLC’s holdings in Proshares Equities For Rising Rates ETF were worth $603,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of EQRR. KPP Advisory Services LLC raised its position in shares of Proshares Equities For Rising Rates ETF by 3.6% during the 2nd quarter. KPP Advisory Services LLC now owns 10,307 shares of the company’s stock valued at $601,000 after buying an additional 357 shares during the period. Sanctuary Advisors LLC purchased a new stake in shares of Proshares Equities For Rising Rates ETF during the 2nd quarter valued at approximately $391,000. Finally, International Assets Investment Management LLC purchased a new stake in shares of Proshares Equities For Rising Rates ETF during the 2nd quarter valued at approximately $51,000.

Proshares Equities For Rising Rates ETF Stock Performance

EQRR stock opened at $59.74 on Tuesday. The firm has a market cap of $14.34 million, a PE ratio of 12.11 and a beta of 1.36. The firm’s 50 day moving average price is $57.62 and its 200-day moving average price is $58.55. Proshares Equities For Rising Rates ETF has a one year low of $47.08 and a one year high of $62.26.

Proshares Equities For Rising Rates ETF Increases Dividend

The company also recently declared a dividend, which was paid on Wednesday, October 2nd. Stockholders of record on Wednesday, September 25th were given a dividend of $0.3249 per share. The ex-dividend date of this dividend was Wednesday, September 25th. This is a positive change from Proshares Equities For Rising Rates ETF’s previous dividend of $0.27.

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.