SteelPeak Wealth LLC Purchases New Position in ProShares Investment Grade Interest Rate Hedged $IGHG

SteelPeak Wealth LLC acquired a new position in shares of ProShares Investment Grade Interest Rate Hedged (BATS:IGHGFree Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 20,958 shares of the company’s stock, valued at approximately $1,656,000. SteelPeak Wealth LLC owned about 0.61% of ProShares Investment Grade Interest Rate Hedged as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in IGHG. Geneos Wealth Management Inc. acquired a new stake in shares of ProShares Investment Grade Interest Rate Hedged in the 2nd quarter valued at about $27,000. PNC Financial Services Group Inc. acquired a new position in ProShares Investment Grade Interest Rate Hedged during the second quarter worth approximately $49,000. SFE Investment Counsel purchased a new stake in ProShares Investment Grade Interest Rate Hedged in the second quarter valued at approximately $204,000. Rockport Wealth LLC purchased a new stake in ProShares Investment Grade Interest Rate Hedged in the second quarter valued at approximately $214,000. Finally, Comerica Bank boosted its holdings in shares of ProShares Investment Grade Interest Rate Hedged by 17.1% in the first quarter. Comerica Bank now owns 2,952 shares of the company’s stock valued at $227,000 after acquiring an additional 432 shares during the period.

ProShares Investment Grade Interest Rate Hedged Stock Performance

Shares of IGHG opened at $78.61 on Friday. ProShares Investment Grade Interest Rate Hedged has a 12-month low of $70.68 and a 12-month high of $79.14. The company’s 50 day simple moving average is $78.47 and its 200-day simple moving average is $78.52.

About ProShares Investment Grade Interest Rate Hedged

(Free Report)

The ProShares Investment Grade—Interest Rate Hedged (IGHG) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks an index with long exposure to USD-denominated investment-grade debt and short exposure to US Treasurys. The fund aims to minimize interest-rate risk. IGHG was launched on Nov 5, 2013 and is managed by ProShares.

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Institutional Ownership by Quarter for ProShares Investment Grade Interest Rate Hedged (BATS:IGHG)

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