Northwestern Mutual Wealth Management Co. Acquires 6,932,718 Shares of iShares Interest Rate Hedged High Yield Bond ETF $HYGH

Northwestern Mutual Wealth Management Co. boosted its holdings in shares of iShares Interest Rate Hedged High Yield Bond ETF (NYSEARCA:HYGH) by 67,808.3% during the 4th quarter, Holdings Channel reports. The firm owned 6,942,942 shares of the company’s stock after buying an additional 6,932,718 shares during the period. Northwestern Mutual Wealth Management Co. owned about 1.34% of iShares Interest Rate Hedged High Yield Bond ETF worth $598,482,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. UBS Group AG raised its stake in iShares Interest Rate Hedged High Yield Bond ETF by 12.7% during the 3rd quarter. UBS Group AG now owns 99,290 shares of the company’s stock valued at $8,622,000 after purchasing an additional 11,226 shares during the period. Kovack Advisors Inc. raised its stake in iShares Interest Rate Hedged High Yield Bond ETF by 7.0% during the 3rd quarter. Kovack Advisors Inc. now owns 92,924 shares of the company’s stock valued at $8,070,000 after purchasing an additional 6,106 shares during the period. AdvisorNet Financial Inc raised its stake in iShares Interest Rate Hedged High Yield Bond ETF by 42.8% during the 4th quarter. AdvisorNet Financial Inc now owns 76,090 shares of the company’s stock valued at $6,559,000 after purchasing an additional 22,809 shares during the period. Foundations Investment Advisors LLC raised its stake in iShares Interest Rate Hedged High Yield Bond ETF by 4.9% during the 3rd quarter. Foundations Investment Advisors LLC now owns 62,830 shares of the company’s stock valued at $5,456,000 after purchasing an additional 2,942 shares during the period. Finally, Envestnet Asset Management Inc. raised its stake in iShares Interest Rate Hedged High Yield Bond ETF by 13.6% during the 3rd quarter. Envestnet Asset Management Inc. now owns 60,512 shares of the company’s stock valued at $5,255,000 after purchasing an additional 7,222 shares during the period.

iShares Interest Rate Hedged High Yield Bond ETF Trading Down 0.2%

Shares of HYGH opened at $86.29 on Friday. The business’s 50 day moving average is $85.87 and its 200 day moving average is $86.15. The company has a market capitalization of $483.22 million, a PE ratio of 10.74 and a beta of 0.28. iShares Interest Rate Hedged High Yield Bond ETF has a 12-month low of $84.78 and a 12-month high of $87.19.

iShares Interest Rate Hedged High Yield Bond ETF 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.