iShares Interest Rate Hedged Long-Term Corporate Bond ETF (NYSEARCA:IGBH) Stock Price Down 0.3% – Here’s What Happened

iShares Interest Rate Hedged Long-Term Corporate Bond ETF (NYSEARCA:IGBH)’s share price dropped 0.3% during trading on Tuesday . The company traded as low as $24.55 and last traded at $24.60. Approximately 87,447 shares were traded during mid-day trading, an increase of 80% from the average daily volume of 48,685 shares. The stock had previously closed at $24.67.

iShares Interest Rate Hedged Long-Term Corporate Bond ETF Stock Performance

The firm’s 50 day simple moving average is $24.57 and its 200-day simple moving average is $24.40.

Institutional Investors Weigh In On iShares Interest Rate Hedged Long-Term Corporate Bond ETF

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Janney Montgomery Scott LLC raised its position in shares of iShares Interest Rate Hedged Long-Term Corporate Bond ETF by 7.8% during the second quarter. Janney Montgomery Scott LLC now owns 13,970 shares of the company’s stock worth $337,000 after acquiring an additional 1,006 shares during the last quarter. Goodman Advisory Group LLC increased its position in iShares Interest Rate Hedged Long-Term Corporate Bond ETF by 223.2% in the third quarter. Goodman Advisory Group LLC now owns 8,645 shares of the company’s stock worth $213,000 after purchasing an additional 5,970 shares during the period. Ameriflex Group Inc. raised its holdings in iShares Interest Rate Hedged Long-Term Corporate Bond ETF by 21.1% during the 2nd quarter. Ameriflex Group Inc. now owns 6,525 shares of the company’s stock worth $156,000 after purchasing an additional 1,135 shares during the last quarter. JPMorgan Chase & Co. lifted its position in iShares Interest Rate Hedged Long-Term Corporate Bond ETF by 141.3% during the 2nd quarter. JPMorgan Chase & Co. now owns 3,555 shares of the company’s stock valued at $86,000 after purchasing an additional 2,082 shares during the period. Finally, Farther Finance Advisors LLC acquired a new position in iShares Interest Rate Hedged Long-Term Corporate Bond ETF during the 3rd quarter valued at about $33,000.

About iShares Interest Rate Hedged Long-Term Corporate Bond ETF

The iShares Interest Rate Hedged Long-Term Corporate Bond ETF (IGBH) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks an index that holds the iShares 10+ Year Investment Grade Corporate Bond ETF (IGLB) and uses derivatives to hedge out interest rate risk. IGBH was launched on Jul 22, 2015 and is managed by BlackRock.