Frederick Financial Consultants LLC acquired a new stake in ProShares Hedge Replication ETF (NYSEARCA:HDG – Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 66,901 shares of the company’s stock, valued at approximately $3,303,000. ProShares Hedge Replication ETF makes up approximately 2.6% of Frederick Financial Consultants LLC’s investment portfolio, making the stock its 11th largest position. Frederick Financial Consultants LLC owned approximately 0.12% of ProShares Hedge Replication ETF as of its most recent SEC filing.
Separately, National Bank of Canada FI boosted its stake in shares of ProShares Hedge Replication ETF by 3.4% during the fourth quarter. National Bank of Canada FI now owns 6,264 shares of the company’s stock valued at $309,000 after purchasing an additional 204 shares during the period.
ProShares Hedge Replication ETF Stock Up 0.5 %
Shares of NYSEARCA HDG opened at $47.49 on Friday. The company has a market cap of $23.51 million, a price-to-earnings ratio of 15.73 and a beta of 0.33. The firm’s fifty day moving average is $48.97 and its 200 day moving average is $49.58. ProShares Hedge Replication ETF has a 52 week low of $46.28 and a 52 week high of $50.70.
ProShares Hedge Replication ETF Cuts Dividend
ProShares Hedge Replication ETF Company Profile
The ProShares Hedge Replication ETF (HDG) is an exchange-traded fund that mostly invests in multi-strategy alternatives. The fund tracks an index that uses long and short exposure to equity, Treasury and currency indexes, and individual securities to mimic the returns of a broad hedge fund index. HDG was launched on Jul 12, 2011 and is managed by ProShares.
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