iShares Interest Rate Hedged Long-Term Corporate Bond ETF (NYSEARCA:IGBH) Shares Up 0.2% – Here’s Why

iShares Interest Rate Hedged Long-Term Corporate Bond ETF (NYSEARCA:IGBHGet Free Report)’s stock price shot up 0.2% during trading on Wednesday . The stock traded as high as $24.37 and last traded at $24.36. 64,792 shares traded hands during mid-day trading, a decline of 27% from the average daily volume of 88,654 shares. The stock had previously closed at $24.32.

iShares Interest Rate Hedged Long-Term Corporate Bond ETF Price Performance

The business’s 50-day simple moving average is $24.50 and its two-hundred day simple moving average is $24.45.

Institutional Inflows and Outflows

An institutional investor recently raised its stake in iShares Interest Rate Hedged Long-Term Corporate Bond ETF stock. JPMorgan Chase & Co. increased its position in shares of iShares Interest Rate Hedged Long-Term Corporate Bond ETF (NYSEARCA:IGBHFree Report) by 141.3% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 3,555 shares of the company’s stock after acquiring an additional 2,082 shares during the period. JPMorgan Chase & Co. owned about 0.08% of iShares Interest Rate Hedged Long-Term Corporate Bond ETF worth $86,000 at the end of the most recent reporting period.

iShares Interest Rate Hedged Long-Term Corporate Bond ETF Company Profile

(Get Free Report)

The iShares Interest Rate Hedged Long-Term Corporate Bond ETF (IGBH) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks an index that holds the iShares 10+ Year Investment Grade Corporate Bond ETF (IGLB) and uses derivatives to hedge out interest rate risk. IGBH was launched on Jul 22, 2015 and is managed by BlackRock.

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