Financial Advocates Investment Management reduced its stake in shares of ProShares Hedge Replication ETF (NYSEARCA:HDG – Free Report) by 4.9% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 5,215 shares of the company’s stock after selling 269 shares during the period. Financial Advocates Investment Management’s holdings in ProShares Hedge Replication ETF were worth $257,000 at the end of the most recent reporting period.
Separately, Comprehensive Wealth Management LLC boosted its position in shares of ProShares Hedge Replication ETF by 37.1% during the third quarter. Comprehensive Wealth Management LLC now owns 33,608 shares of the company’s stock worth $1,676,000 after acquiring an additional 9,103 shares during the last quarter.
ProShares Hedge Replication ETF Stock Performance
Shares of NYSEARCA HDG opened at $50.03 on Monday. The company has a market cap of $28.27 million, a P/E ratio of 15.03 and a beta of 0.23. ProShares Hedge Replication ETF has a 52-week low of $48.26 and a 52-week high of $50.70. The firm’s fifty day moving average is $49.81 and its two-hundred day moving average is $49.80.
About ProShares Hedge Replication ETF
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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