Independent Financial Group LLC Takes Position in ProShares Equities For Rising Rates ETF $EQRR

Independent Financial Group LLC acquired a new position in shares of ProShares Equities For Rising Rates ETF (NASDAQ:EQRR) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 7,635 shares of the company’s stock, valued at approximately $531,000. Independent Financial Group LLC owned about 1.29% of ProShares Equities For Rising Rates ETF at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Geneos Wealth Management Inc. acquired a new stake in ProShares Equities For Rising Rates ETF during the 1st quarter valued at approximately $25,000. International Assets Investment Management LLC acquired a new position in shares of ProShares Equities For Rising Rates ETF in the 4th quarter worth approximately $31,000. Steward Partners Investment Advisory LLC acquired a new position in shares of ProShares Equities For Rising Rates ETF in the 4th quarter worth approximately $79,000. Griffin Asset Management Inc. acquired a new position in shares of ProShares Equities For Rising Rates ETF in the 1st quarter worth approximately $256,000. Finally, Royal Bank of Canada boosted its stake in shares of ProShares Equities For Rising Rates ETF by 17.2% in the 4th 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 during the last quarter.

ProShares Equities For Rising Rates ETF Trading Down 1.1%

Shares of EQRR opened at $80.31 on Friday. The firm’s fifty day simple moving average is $80.06 and its two-hundred day simple moving average is $73.26. ProShares Equities For Rising Rates ETF has a 12 month low of $59.19 and a 12 month high of $82.53. The stock has a market capitalization of $32.12 million, a P/E ratio of 16.51 and a beta of 0.90.

ProShares Equities For Rising Rates ETF Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Wednesday, June 24th were paid a $0.1981 dividend. This represents a $0.79 dividend on an annualized basis and a dividend 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.