ProShares Equities For Rising Rates ETF (NASDAQ:EQRR) Declares $0.20 Dividend

ProShares Equities For Rising Rates ETF (NASDAQ:EQRR) announced a dividend on Tuesday, June 23rd, NASDAQ Dividends reports. Investors of record on Wednesday, June 24th will be paid a dividend of 0.1981 per share on Tuesday, June 30th. The ex-dividend date of this dividend is Wednesday, June 24th.

ProShares Equities For Rising Rates ETF Stock Down 1.7%

Shares of EQRR stock opened at $80.13 on Wednesday. ProShares Equities For Rising Rates ETF has a 12-month low of $58.59 and a 12-month high of $82.53. The company has a market capitalization of $47.28 million, a P/E ratio of 16.51 and a beta of 0.91. The firm has a 50-day moving average price of $77.39 and a 200 day moving average price of $70.84.

Institutional Trading of ProShares Equities For Rising Rates ETF

Several hedge funds have recently modified their holdings of EQRR. Geneos Wealth Management Inc. acquired a new stake in shares of ProShares Equities For Rising Rates ETF in the first quarter valued at approximately $25,000. International Assets Investment Management LLC acquired a new position in ProShares Equities For Rising Rates ETF during the 4th quarter worth $31,000. Royal Bank of Canada lifted its holdings in ProShares Equities For Rising Rates ETF by 17.2% during the 4th quarter. Royal Bank of Canada now owns 4,098 shares of the company’s stock worth $264,000 after buying an additional 600 shares in the last quarter. Citadel Advisors LLC boosted its position in ProShares Equities For Rising Rates ETF by 11.9% in the 3rd quarter. Citadel Advisors LLC now owns 7,826 shares of the company’s stock valued at $494,000 after buying an additional 831 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC bought a new position in ProShares Equities For Rising Rates ETF in the 4th quarter valued at $79,000.

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.