Sound Income Strategies LLC Has $6.12 Million Stock Holdings in ProShares High Yield-Interest Rate Hedged ETF (BATS:HYHG)

Sound Income Strategies LLC lifted its holdings in shares of ProShares High Yield-Interest Rate Hedged ETF (BATS:HYHG) by 3.7% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 93,411 shares of the company’s stock after acquiring an additional 3,297 shares during the period. Sound Income Strategies LLC’s holdings in ProShares High Yield-Interest Rate Hedged ETF were worth $6,122,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Empirical Asset Management LLC raised its stake in ProShares High Yield-Interest Rate Hedged ETF by 13.9% during the fourth quarter. Empirical Asset Management LLC now owns 9,407 shares of the company’s stock worth $617,000 after acquiring an additional 1,146 shares in the last quarter. Farther Finance Advisors LLC bought a new stake in shares of ProShares High Yield-Interest Rate Hedged ETF during the 3rd quarter valued at approximately $107,000. Global Retirement Partners LLC increased its position in ProShares High Yield-Interest Rate Hedged ETF by 35.4% during the 3rd quarter. Global Retirement Partners LLC now owns 8,667 shares of the company’s stock worth $562,000 after purchasing an additional 2,265 shares in the last quarter. KKM Financial LLC lifted its stake in ProShares High Yield-Interest Rate Hedged ETF by 48.5% in the 3rd quarter. KKM Financial LLC now owns 7,759 shares of the company’s stock valued at $503,000 after purchasing an additional 2,534 shares during the last quarter. Finally, Envestnet Asset Management Inc. boosted its position in ProShares High Yield-Interest Rate Hedged ETF by 7.9% in the second quarter. Envestnet Asset Management Inc. now owns 36,026 shares of the company’s stock valued at $2,311,000 after buying an additional 2,625 shares in the last quarter.

ProShares High Yield-Interest Rate Hedged ETF Stock Up 1.1 %

BATS HYHG opened at $66.41 on Friday. ProShares High Yield-Interest Rate Hedged ETF has a fifty-two week low of $65.87 and a fifty-two week high of $70.22. The firm’s fifty day moving average price is $65.71 and its two-hundred day moving average price is $64.91.

ProShares High Yield-Interest Rate Hedged ETF Cuts Dividend

The company also recently disclosed a dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 23rd were given a dividend of $0.3489 per share. The ex-dividend date was Monday, December 23rd.

About ProShares High Yield-Interest Rate Hedged ETF

The ProShares High Yield—Interest Rate Hedged (HYHG) is an exchange-traded fund that mostly invests in high yield fixed income. The fund tracks a market-value-weighted index that goes long high-yield USD debt from US and Canadian issuers and shorts a duration-matched combination of 2-, 5- and 10-year US Treasurys.