Envestnet Asset Management Inc. Purchases 891 Shares of ProShares Investment Grade Interest Rate Hedged $IGHG

Envestnet Asset Management Inc. lifted its position in shares of ProShares Investment Grade Interest Rate Hedged (BATS:IGHG) by 4.6% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 20,314 shares of the company’s stock after purchasing an additional 891 shares during the period. Envestnet Asset Management Inc. owned 0.59% of ProShares Investment Grade Interest Rate Hedged worth $1,592,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the company. Avantax Advisory Services Inc. acquired a new position in ProShares Investment Grade Interest Rate Hedged in the 1st quarter valued at $249,000. Comerica Bank boosted its position 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. LPL Financial LLC grew its stake in shares of ProShares Investment Grade Interest Rate Hedged by 5.0% in the first quarter. LPL Financial LLC now owns 174,336 shares of the company’s stock valued at $13,405,000 after acquiring an additional 8,379 shares in the last quarter. Cetera Investment Advisers increased its position in ProShares Investment Grade Interest Rate Hedged by 76.8% during the first quarter. Cetera Investment Advisers now owns 36,822 shares of the company’s stock worth $2,831,000 after acquiring an additional 15,994 shares during the period. Finally, HighTower Advisors LLC acquired a new stake in ProShares Investment Grade Interest Rate Hedged in the 1st quarter worth about $552,000.

ProShares Investment Grade Interest Rate Hedged Price Performance

BATS IGHG opened at $78.15 on Thursday. The firm has a 50-day moving average price of $78.64 and a two-hundred day moving average price of $78.30. ProShares Investment Grade Interest Rate Hedged has a 12-month low of $70.68 and a 12-month high of $79.14.

ProShares Investment Grade Interest Rate Hedged Company Profile

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.