UBS Group AG reduced its position in shares of iShares Interest Rate Hedged High Yield Bond ETF (NYSEARCA:HYGH – Free Report) by 39.1% during the fourth quarter, Holdings Channel reports. The institutional investor owned 60,463 shares of the company’s stock after selling 38,827 shares during the period. UBS Group AG’s holdings in iShares Interest Rate Hedged High Yield Bond ETF were worth $5,212,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Advisory Services Network LLC bought a new stake in iShares Interest Rate Hedged High Yield Bond ETF during the 3rd quarter worth approximately $58,000. Chilton Capital Management LLC bought a new stake in iShares Interest Rate Hedged High Yield Bond ETF during the 3rd quarter worth approximately $112,000. Trademark Financial Management LLC bought a new stake in iShares Interest Rate Hedged High Yield Bond ETF during the 4th quarter worth approximately $220,000. Capital Square LLC bought a new position in iShares Interest Rate Hedged High Yield Bond ETF during the 3rd quarter valued at $225,000. Finally, Net Worth Advisory Group bought a new position in iShares Interest Rate Hedged High Yield Bond ETF during the 4th quarter valued at $235,000.
iShares Interest Rate Hedged High Yield Bond ETF Trading Down 0.0%
Shares of NYSEARCA:HYGH opened at $86.57 on Friday. The stock’s fifty day simple moving average is $85.95 and its two-hundred day simple moving average is $86.15. iShares Interest Rate Hedged High Yield Bond ETF has a 1-year low of $84.78 and a 1-year high of $87.19. The stock has a market cap of $484.79 million, a PE ratio of 10.74 and a beta of 0.28.
iShares Interest Rate Hedged High Yield Bond ETF Company Profile
The iShares Interest Rate Hedged High Yield Bond ETF (HYGH) is an exchange-traded fund that mostly invests in high yield fixed income. The fund tracks an index that holds the iShares iBoxx USD High Yield Corporate Bond ETF (HYG) that targets USD-denominated corporate high-yield bonds while mitigating interest-rate risk. HYGH was launched on May 27, 2014 and is managed by BlackRock.
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Want to see what other hedge funds are holding HYGH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares Interest Rate Hedged High Yield Bond ETF (NYSEARCA:HYGH – Free Report).
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