Ibex Wealth Advisors Decreases Position in iShares Interest Rate Hedged High Yield Bond ETF $HYGH

Ibex Wealth Advisors lowered its position in shares of iShares Interest Rate Hedged High Yield Bond ETF (NYSEARCA:HYGH) by 65.2% in the 1st quarter, Holdings Channel.com reports. The fund owned 9,335 shares of the company’s stock after selling 17,504 shares during the quarter. Ibex Wealth Advisors’ holdings in iShares Interest Rate Hedged High Yield Bond ETF were worth $799,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in HYGH. Northwestern Mutual Wealth Management Co. raised its stake in shares of iShares Interest Rate Hedged High Yield Bond ETF by 67,808.3% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 6,942,942 shares of the company’s stock worth $598,482,000 after purchasing an additional 6,932,718 shares during the last quarter. Live Oak Investment Partners purchased a new position in shares of iShares Interest Rate Hedged High Yield Bond ETF during the fourth quarter valued at approximately $3,433,000. Jane Street Group LLC grew 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 worth $3,794,000 after purchasing an additional 33,154 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 buying an additional 22,809 shares during the last quarter. Finally, MinichMacGregor Wealth Management LLC boosted its stake in shares of iShares Interest Rate Hedged High Yield Bond ETF by 12.0% in the 1st quarter. MinichMacGregor Wealth Management LLC now owns 146,471 shares of the company’s stock worth $12,539,000 after buying an additional 15,723 shares during the last quarter.

iShares Interest Rate Hedged High Yield Bond ETF Stock Performance

iShares Interest Rate Hedged High Yield Bond ETF stock opened at $86.49 on Friday. iShares Interest Rate Hedged High Yield Bond ETF has a one year low of $84.78 and a one year high of $87.19. The stock has a fifty day moving average of $86.49 and a 200 day moving average of $86.27. The stock has a market cap of $553.54 million, a PE ratio of 10.74 and a beta of 0.27.

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.