Park Avenue Securities LLC Makes New Investment in iShares Interest Rate Hedged High Yield Bond ETF $HYGH

Park Avenue Securities LLC acquired a new stake in iShares Interest Rate Hedged High Yield Bond ETF (NYSEARCA:HYGH) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 22,238 shares of the company’s stock, valued at approximately $1,904,000.

Other large investors also recently modified their holdings of the company. Live Oak Investment Partners raised its stake in iShares Interest Rate Hedged High Yield Bond ETF by 1.0% in the third quarter. Live Oak Investment Partners now owns 55,834 shares of the company’s stock valued at $4,781,000 after purchasing an additional 547 shares in the last quarter. Sigma Planning Corp acquired a new stake in iShares Interest Rate Hedged High Yield Bond ETF during the third quarter worth about $245,000. Trademark Financial Management LLC grew its stake in iShares Interest Rate Hedged High Yield Bond ETF by 14.9% during the third quarter. Trademark Financial Management LLC now owns 12,096 shares of the company’s stock worth $1,036,000 after buying an additional 1,570 shares in the last quarter. Sowell Financial Services LLC acquired a new stake in iShares Interest Rate Hedged High Yield Bond ETF during the third quarter worth about $6,016,000. Finally, Brookstone Capital Management acquired a new stake in iShares Interest Rate Hedged High Yield Bond ETF during the third quarter worth about $709,000.

iShares Interest Rate Hedged High Yield Bond ETF Stock Down 0.5%

HYGH stock opened at $84.81 on Friday. The company’s 50-day moving average price is $85.84 and its two-hundred day moving average price is $86.18. The firm has a market cap of $640.32 million, a P/E ratio of 10.74 and a beta of 0.28. iShares Interest Rate Hedged High Yield Bond ETF has a 12 month low of $84.25 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.