Scotia Capital Inc. Buys New Stake in ProShares Equities for Rising Rates ETF (NASDAQ:EQRR)

Scotia Capital Inc. bought a new stake in shares of ProShares Equities for Rising Rates ETF (NASDAQ:EQRR – Get Rating) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 4,208 shares of the company’s stock, valued at approximately $214,000.

Several other institutional investors also recently bought and sold shares of EQRR. JPMorgan Chase & Co. bought a new position in ProShares Equities for Rising Rates ETF during the first quarter valued at $10,001,000. Goldman Sachs Group Inc. bought a new position in ProShares Equities for Rising Rates ETF during the first quarter valued at $9,698,000. Cetera Investment Advisers bought a new position in ProShares Equities for Rising Rates ETF during the first quarter valued at $3,039,000. Founders Financial Securities LLC bought a new position in ProShares Equities for Rising Rates ETF during the first quarter valued at $1,569,000. Finally, Royal Bank of Canada lifted its position in ProShares Equities for Rising Rates ETF by 83.7% during the third quarter. Royal Bank of Canada now owns 25,029 shares of the company’s stock valued at $1,086,000 after purchasing an additional 11,401 shares during the last quarter.

ProShares Equities for Rising Rates ETF Stock Down 0.0 %

EQRR stock opened at $46.84 on Monday. ProShares Equities for Rising Rates ETF has a 52 week low of $42.42 and a 52 week high of $56.18. The company has a fifty day simple moving average of $47.96 and a two-hundred day simple moving average of $51.43. The firm has a market capitalization of $47.78 million, a P/E ratio of 9.82 and a beta of 1.36.

ProShares Equities for Rising Rates ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 29th. Shareholders of record on Thursday, March 23rd were given a dividend of $0.284 per share. The ex-dividend date of this dividend was Wednesday, March 22nd. This represents a $1.14 annualized dividend and a yield of 2.43%.

About ProShares Equities for Rising Rates ETF

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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.