Kovack Advisors Inc. cut its position in iShares Interest Rate Hedged High Yield Bond ETF (NYSEARCA:HYGH – Free Report) by 51.4% during the 4th quarter, HoldingsChannel reports. The firm owned 45,164 shares of the company’s stock after selling 47,760 shares during the quarter. Kovack Advisors Inc.’s holdings in iShares Interest Rate Hedged High Yield Bond ETF were worth $3,890,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds have also recently bought and sold shares of HYGH. Royal Bank of Canada lifted its position in iShares Interest Rate Hedged High Yield Bond ETF by 12.1% in the 1st quarter. Royal Bank of Canada now owns 15,785 shares of the company’s stock valued at $1,344,000 after purchasing an additional 1,709 shares during the last quarter. Jane Street Group LLC lifted its position in iShares Interest Rate Hedged High Yield Bond ETF by 291.4% in the 1st quarter. Jane Street Group LLC now owns 44,532 shares of the company’s stock valued at $3,794,000 after purchasing an additional 33,154 shares during the last quarter. Cetera Investment Advisers lifted its position in iShares Interest Rate Hedged High Yield Bond ETF by 6.6% in the 2nd quarter. Cetera Investment Advisers now owns 5,315 shares of the company’s stock valued at $460,000 after purchasing an additional 329 shares during the last quarter. JPMorgan Chase & Co. bought a new stake in iShares Interest Rate Hedged High Yield Bond ETF in the 2nd quarter valued at about $424,000. Finally, Flow Traders U.S. LLC bought a new stake in iShares Interest Rate Hedged High Yield Bond ETF in the 2nd quarter valued at about $392,000.
iShares Interest Rate Hedged High Yield Bond ETF Trading Up 0.2%
HYGH stock opened at $86.47 on Friday. iShares Interest Rate Hedged High Yield Bond ETF has a 52 week low of $84.78 and a 52 week high of $87.19. The company has a market capitalization of $484.23 million, a price-to-earnings ratio of 10.74 and a beta of 0.27. The firm’s 50-day moving average is $86.34 and its two-hundred day moving average is $86.22.
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. HYGH was launched on May 27, 2014 and is managed by BlackRock.
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Want to see what other hedge funds are holding HYGH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares Interest Rate Hedged High Yield Bond ETF (NYSEARCA:HYGH – Free Report).
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