Founders Financial Securities LLC acquired a new stake in iShares Interest Rate Hedged High Yield Bond ETF (NYSEARCA:HYGH – Free Report) during the third quarter, according to its most recent 13F filing with the SEC. The fund acquired 35,145 shares of the company’s stock, valued at approximately $3,009,000.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Integrated Wealth Concepts LLC purchased a new stake in iShares Interest Rate Hedged High Yield Bond ETF during the second quarter valued at about $87,000. OxenFree Capital LLC bought a new position in iShares Interest Rate Hedged High Yield Bond ETF during the third quarter worth about $209,000. Sigma Planning Corp bought a new position in iShares Interest Rate Hedged High Yield Bond ETF during the third quarter worth about $245,000. Diversify Wealth Management LLC bought a new position in iShares Interest Rate Hedged High Yield Bond ETF during the first quarter worth about $291,000. Finally, Trademark Financial Management LLC increased its stake in shares of iShares Interest Rate Hedged High Yield Bond ETF by 40.1% in the first quarter. Trademark Financial Management LLC now owns 3,578 shares of the company’s stock worth $306,000 after purchasing an additional 1,025 shares in the last quarter.
iShares Interest Rate Hedged High Yield Bond ETF Stock Down 0.2%
HYGH opened at $85.20 on Friday. The company has a market capitalization of $643.26 million, a price-to-earnings ratio of 10.74 and a beta of 0.28. The firm has a 50-day moving average price of $85.88 and a 200-day moving average price of $86.19. iShares Interest Rate Hedged High Yield Bond ETF has a twelve month low of $84.25 and a twelve month high of $87.19.
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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