Citadel Advisors LLC bought a new stake in ProShares Equities For Rising Rates ETF (NASDAQ:EQRR – Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 16,810 shares of the company’s stock, valued at approximately $1,373,000.
Other large investors have also added to or reduced their stakes in the company. Geneos Wealth Management Inc. acquired a new position in ProShares Equities For Rising Rates ETF in the 1st quarter worth $25,000. International Assets Investment Management LLC acquired a new position in shares of ProShares Equities For Rising Rates ETF in the fourth quarter worth about $31,000. Steward Partners Investment Advisory LLC purchased a new position in ProShares Equities For Rising Rates ETF in the fourth quarter valued at about $79,000. Griffin Asset Management Inc. purchased a new position in ProShares Equities For Rising Rates ETF in the first quarter valued at about $256,000. Finally, Royal Bank of Canada grew its stake 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 valued at $264,000 after purchasing an additional 600 shares in the last quarter.
ProShares Equities For Rising Rates ETF Stock Down 0.4%
EQRR stock opened at $86.38 on Thursday. The stock’s 50 day moving average is $83.90 and its two-hundred day moving average is $77.60. ProShares Equities For Rising Rates ETF has a 52-week low of $60.61 and a 52-week high of $88.85. The company has a market capitalization of $34.55 million, a PE ratio of 16.51 and a beta of 0.91.
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.
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