Independent Financial Group LLC Invests $531,000 in ProShares Equities For Rising Rates ETF $EQRR

Independent Financial Group LLC acquired a new stake in ProShares Equities For Rising Rates ETF (NASDAQ:EQRR) in the 1st quarter, according to the company in its most recent filing with the SEC. The fund acquired 7,635 shares of the company’s stock, valued at approximately $531,000.

A number of other institutional investors also recently modified their holdings of the stock. Geneos Wealth Management Inc. bought a new position in ProShares Equities For Rising Rates ETF during the first quarter worth $25,000. International Assets Investment Management LLC bought a new stake in ProShares Equities For Rising Rates ETF in the fourth quarter valued at $31,000. Royal Bank of Canada increased its stake in ProShares Equities For Rising Rates ETF by 17.2% in the fourth quarter. Royal Bank of Canada now owns 4,098 shares of the company’s stock valued at $264,000 after purchasing an additional 600 shares in the last quarter. Citadel Advisors LLC raised its holdings in shares of ProShares Equities For Rising Rates ETF by 11.9% during the third quarter. Citadel Advisors LLC now owns 7,826 shares of the company’s stock valued at $494,000 after purchasing an additional 831 shares during the period. Finally, Steward Partners Investment Advisory LLC acquired a new position in shares of ProShares Equities For Rising Rates ETF during the fourth quarter valued at about $79,000.

ProShares Equities For Rising Rates ETF Price Performance

EQRR stock opened at $80.31 on Friday. The company’s 50-day moving average is $80.06 and its 200-day moving average is $73.26. The stock has a market capitalization of $32.12 million, a PE ratio of 16.51 and a beta of 0.90. ProShares Equities For Rising Rates ETF has a 1 year low of $59.19 and a 1 year high of $82.53.

ProShares Equities For Rising Rates ETF Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Wednesday, June 24th were paid a dividend of $0.1981 per share. This represents a $0.79 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend was Wednesday, June 24th.

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.