Axxcess Wealth Management LLC Purchases Shares of 11,500 iShares Interest Rate Hedged High Yield Bond ETF (NYSEARCA:HYGH)

Axxcess Wealth Management LLC acquired a new stake in shares of iShares Interest Rate Hedged High Yield Bond ETF (NYSEARCA:HYGH) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 11,500 shares of the company’s stock, valued at approximately $967,000. Axxcess Wealth Management LLC owned about 0.70% of iShares Interest Rate Hedged High Yield Bond ETF at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Sharkey Howes & Javer bought a new position in iShares Interest Rate Hedged High Yield Bond ETF in the fourth quarter worth $1,429,000. Capital Asset Advisory Services LLC bought a new position in iShares Interest Rate Hedged High Yield Bond ETF in the fourth quarter worth $967,000. KFG Wealth Management LLC increased its holdings in shares of iShares Interest Rate Hedged High Yield Bond ETF by 10.7% during the fourth quarter. KFG Wealth Management LLC now owns 58,015 shares of the company’s stock valued at $4,876,000 after acquiring an additional 5,588 shares in the last quarter. Townsquare Capital LLC increased its holdings in shares of iShares Interest Rate Hedged High Yield Bond ETF by 5.5% during the third quarter. Townsquare Capital LLC now owns 58,609 shares of the company’s stock valued at $4,883,000 after acquiring an additional 3,071 shares in the last quarter. Finally, Rathbones Group PLC bought a new position in shares of iShares Interest Rate Hedged High Yield Bond ETF during the third quarter valued at $249,000.

iShares Interest Rate Hedged High Yield Bond ETF Stock Performance

Shares of NYSEARCA:HYGH opened at $85.48 on Tuesday. iShares Interest Rate Hedged High Yield Bond ETF has a 1-year low of $80.76 and a 1-year high of $86.00. The business has a fifty day moving average price of $85.20 and a 200-day moving average price of $84.44.

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.