iShares Interest Rate Hedged High Yield Bond ETF $HYGH Position Cut by MinichMacGregor Wealth Management LLC

MinichMacGregor Wealth Management LLC lessened its stake in shares of iShares Interest Rate Hedged High Yield Bond ETF (NYSEARCA:HYGH) by 14.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 122,129 shares of the company’s stock after selling 20,984 shares during the quarter. iShares Interest Rate Hedged High Yield Bond ETF comprises about 2.1% of MinichMacGregor Wealth Management LLC’s investment portfolio, making the stock its 18th biggest holding. MinichMacGregor Wealth Management LLC owned 2.44% of iShares Interest Rate Hedged High Yield Bond ETF worth $10,606,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in HYGH. Royal Bank of Canada raised its position in iShares Interest Rate Hedged High Yield Bond ETF by 12.1% during the first quarter. Royal Bank of Canada now owns 15,785 shares of the company’s stock valued at $1,344,000 after buying an additional 1,709 shares during the period. Jane Street Group LLC raised its position in iShares Interest Rate Hedged High Yield Bond ETF by 291.4% during the first quarter. Jane Street Group LLC now owns 44,532 shares of the company’s stock valued at $3,794,000 after acquiring an additional 33,154 shares in the last quarter. Focus Financial Network Inc. lifted its stake in shares of iShares Interest Rate Hedged High Yield Bond ETF by 2.0% in the 2nd quarter. Focus Financial Network Inc. now owns 27,782 shares of the company’s stock valued at $2,404,000 after purchasing an additional 550 shares during the last quarter. Park Avenue Securities LLC raised its holdings in iShares Interest Rate Hedged High Yield Bond ETF by 47.0% during the second quarter. Park Avenue Securities LLC now owns 12,059 shares of the company’s stock valued at $1,043,000 after buying an additional 3,855 shares in the last quarter. Finally, Rooted Wealth Advisors Inc. lifted its position in shares of iShares Interest Rate Hedged High Yield Bond ETF by 3.6% in the second quarter. Rooted Wealth Advisors Inc. now owns 94,159 shares of the company’s stock worth $8,116,000 after buying an additional 3,292 shares during the last quarter.

iShares Interest Rate Hedged High Yield Bond ETF Stock Performance

HYGH opened at $86.88 on Friday. The firm has a market cap of $451.78 million, a P/E ratio of 10.74 and a beta of 0.28. The business has a 50 day moving average price of $86.21 and a 200 day moving average price of $86.25. iShares Interest Rate Hedged High Yield Bond ETF has a twelve month low of $78.23 and a twelve month high of $87.69.

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.