Park Avenue Securities LLC purchased a new stake in shares of iShares Interest Rate Hedged High Yield Bond ETF (NYSEARCA:HYGH – Free Report) in the first quarter, Holdings Channel.com reports. The institutional investor purchased 8,204 shares of the company’s stock, valued at approximately $699,000.
Other hedge funds also recently bought and sold shares of the company. Principal Securities Inc. raised its position in shares of iShares Interest Rate Hedged High Yield Bond ETF by 42.4% during the fourth quarter. Principal Securities Inc. now owns 3,405 shares of the company’s stock valued at $294,000 after buying an additional 1,014 shares during the last quarter. Bank of America Corp DE raised its position in shares of iShares Interest Rate Hedged High Yield Bond ETF by 60.8% during the fourth quarter. Bank of America Corp DE now owns 45,077 shares of the company’s stock valued at $3,892,000 after buying an additional 17,037 shares during the last quarter. Global Retirement Partners LLC raised its position in shares of iShares Interest Rate Hedged High Yield Bond ETF by 151.8% during the fourth quarter. Global Retirement Partners LLC now owns 574 shares of the company’s stock valued at $50,000 after buying an additional 346 shares during the last quarter. Cetera Investment Advisers raised its position in shares of iShares Interest Rate Hedged High Yield Bond ETF by 37.1% during the fourth quarter. Cetera Investment Advisers now owns 4,516 shares of the company’s stock valued at $390,000 after buying an additional 1,223 shares during the last quarter. Finally, Truist Financial Corp raised its position in shares of iShares Interest Rate Hedged High Yield Bond ETF by 36.7% during the fourth quarter. Truist Financial Corp now owns 4,501 shares of the company’s stock valued at $389,000 after buying an additional 1,208 shares during the last quarter.
iShares Interest Rate Hedged High Yield Bond ETF Stock Performance
Shares of HYGH opened at $85.68 on Friday. The company has a 50-day simple moving average of $84.79 and a 200-day simple moving average of $85.77. The firm has a market capitalization of $415.55 million, a P/E ratio of 10.74 and a beta of 0.29. iShares Interest Rate Hedged High Yield Bond ETF has a 52 week low of $78.23 and a 52 week high of $87.69.
iShares Interest Rate Hedged High Yield Bond ETF Company 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.
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