Frederick Financial Consultants LLC Invests $3.30 Million in ProShares Hedge Replication ETF (NYSEARCA:HDG)

Frederick Financial Consultants LLC acquired a new stake in ProShares Hedge Replication ETF (NYSEARCA:HDG) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 66,901 shares of the company’s stock, valued at approximately $3,303,000. ProShares Hedge Replication ETF comprises 2.6% of Frederick Financial Consultants LLC’s holdings, making the stock its 11th biggest position. Frederick Financial Consultants LLC owned approximately 11.84% of ProShares Hedge Replication ETF at the end of the most recent reporting period.

Separately, National Bank of Canada FI raised its position 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 worth $309,000 after acquiring an additional 204 shares during the last quarter.

ProShares Hedge Replication ETF Price Performance

Shares of HDG stock opened at $47.49 on Friday. The stock has a market capitalization of $23.51 million, a PE ratio of 15.73 and a beta of 0.33. The business’s 50 day simple moving average is $48.97 and its 200 day simple moving average is $49.58. ProShares Hedge Replication ETF has a one year low of $46.28 and a one year high of $50.70.

ProShares Hedge Replication ETF Cuts Dividend

The company also recently disclosed a dividend, which was paid on Tuesday, April 1st. Stockholders of record on Wednesday, March 26th were given a dividend of $0.3011 per share. The ex-dividend date was Wednesday, March 26th.

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.