Smith Moore & CO. Makes New $240,000 Investment in iShares Interest Rate Hedged High Yield Bond ETF (NYSEARCA:HYGH)

Smith Moore & CO. bought a new stake in shares of iShares Interest Rate Hedged High Yield Bond ETF (NYSEARCA:HYGH) during the fourth quarter, Holdings Channel.com reports. The fund bought 2,777 shares of the company’s stock, valued at approximately $240,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. LPL Financial LLC lifted its holdings in iShares Interest Rate Hedged High Yield Bond ETF by 15.8% in the fourth quarter. LPL Financial LLC now owns 118,549 shares of the company’s stock worth $10,237,000 after buying an additional 16,159 shares during the period. Axxcess Wealth Management LLC lifted its stake in shares of iShares Interest Rate Hedged High Yield Bond ETF by 17.2% in the 4th quarter. Axxcess Wealth Management LLC now owns 13,312 shares of the company’s stock valued at $1,149,000 after purchasing an additional 1,956 shares during the period. Commonwealth Equity Services LLC boosted its position in shares of iShares Interest Rate Hedged High Yield Bond ETF by 42.5% during the fourth quarter. Commonwealth Equity Services LLC now owns 6,597 shares of the company’s stock valued at $570,000 after purchasing an additional 1,967 shares in the last quarter. Avantax Advisory Services Inc. grew its stake in iShares Interest Rate Hedged High Yield Bond ETF by 17.7% in the fourth quarter. Avantax Advisory Services Inc. now owns 6,002 shares of the company’s stock worth $518,000 after purchasing an additional 903 shares during the period. Finally, PFG Advisors raised its holdings in iShares Interest Rate Hedged High Yield Bond ETF by 109.0% in the fourth quarter. PFG Advisors now owns 13,529 shares of the company’s stock worth $1,168,000 after purchasing an additional 7,057 shares in the last quarter.

iShares Interest Rate Hedged High Yield Bond ETF Trading Down 4.1 %

Shares of iShares Interest Rate Hedged High Yield Bond ETF stock opened at $79.41 on Friday. The business has a fifty day simple moving average of $86.20 and a two-hundred day simple moving average of $86.37. The firm has a market capitalization of $404.99 million, a P/E ratio of 10.88 and a beta of 0.36. iShares Interest Rate Hedged High Yield Bond ETF has a 12 month low of $78.23 and a 12 month high of $87.69.

About iShares Interest Rate Hedged High Yield Bond ETF

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.