International Assets Investment Management LLC Purchases 46,208 Shares of Proshares Equities For Rising Rates ETF (NASDAQ:EQRR)

International Assets Investment Management LLC boosted its position in shares of Proshares Equities For Rising Rates ETF (NASDAQ:EQRR) by 5,280.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 47,083 shares of the company’s stock after acquiring an additional 46,208 shares during the quarter. International Assets Investment Management LLC owned 11.77% of Proshares Equities For Rising Rates ETF worth $2,534,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in EQRR. JPMorgan Chase & Co. bought a new stake in Proshares Equities For Rising Rates ETF during the first quarter worth $10,001,000. Goldman Sachs Group Inc. bought a new position in shares of Proshares Equities For Rising Rates ETF in the first quarter valued at about $9,698,000. Cetera Investment Advisers bought a new position in shares of Proshares Equities For Rising Rates ETF in the first quarter valued at about $3,039,000. Founders Financial Securities LLC bought a new position in shares of Proshares Equities For Rising Rates ETF in the first quarter valued at about $1,569,000. Finally, Bank of America Corp DE grew its stake in shares of Proshares Equities For Rising Rates ETF by 171.6% in the fourth quarter. Bank of America Corp DE now owns 30,869 shares of the company’s stock valued at $1,566,000 after acquiring an additional 19,502 shares in the last quarter.

Proshares Equities For Rising Rates ETF Stock Performance

EQRR stock opened at $59.36 on Friday. The company’s 50-day simple moving average is $58.45 and its 200 day simple moving average is $53.85. Proshares Equities For Rising Rates ETF has a 52 week low of $45.18 and a 52 week high of $62.26. The company has a market capitalization of $21.37 million, a PE ratio of 9.82 and a beta of 1.36.

Proshares Equities For Rising Rates ETF Dividend Announcement

The firm also recently declared a dividend, which was paid on Wednesday, March 27th. Investors of record on Thursday, March 21st were paid a $0.2683 dividend. The ex-dividend date was Wednesday, March 20th.

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.