Comprehensive Wealth Management LLC Cuts Stock Position in ProShares Hedge Replication ETF (NYSEARCA:HDG)

Comprehensive Wealth Management LLC lowered its stake in ProShares Hedge Replication ETF (NYSEARCA:HDG) by 1.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 33,195 shares of the company’s stock after selling 413 shares during the period. ProShares Hedge Replication ETF accounts for approximately 1.2% of Comprehensive Wealth Management LLC’s holdings, making the stock its 9th biggest holding. Comprehensive Wealth Management LLC owned 0.06% of ProShares Hedge Replication ETF worth $1,639,000 as of its most recent SEC filing.

Separately, Raymond James Financial Inc. bought a new stake in ProShares Hedge Replication ETF in the fourth quarter valued at $1,882,000.

ProShares Hedge Replication ETF Stock Down 0.3 %

NYSEARCA:HDG opened at $49.49 on Friday. The stock has a market cap of $24.50 million, a P/E ratio of 17.84 and a beta of 0.34. The firm’s fifty day simple moving average is $49.74 and its 200 day simple moving average is $49.84. ProShares Hedge Replication ETF has a twelve month low of $48.41 and a twelve month high of $50.70.

ProShares Hedge Replication ETF 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.