iShares Interest Rate Hedged Long-Term Corporate Bond ETF (NYSEARCA:IGBH) Shares Down 0.5% – Here’s Why

iShares Interest Rate Hedged Long-Term Corporate Bond ETF (NYSEARCA:IGBH) traded down 0.5% during mid-day trading on Tuesday . The stock traded as low as $24.68 and last traded at $24.69. 39,430 shares were traded during trading, a decline of 52% from the average session volume of 81,748 shares. The stock had previously closed at $24.81.

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

The company has a 50-day simple moving average of $24.40 and a 200-day simple moving average of $24.50.

Institutional Investors Weigh In On iShares Interest Rate Hedged Long-Term Corporate Bond ETF

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

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

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.