AXS Investments LLC Buys 10,091 Shares of iShares Interest Rate Hedged High Yield Bond ETF $HYGH

AXS Investments LLC lifted its stake in shares of iShares Interest Rate Hedged High Yield Bond ETF (NYSEARCA:HYGH) by 55.2% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 28,387 shares of the company’s stock after purchasing an additional 10,091 shares during the quarter. iShares Interest Rate Hedged High Yield Bond ETF accounts for 1.0% of AXS Investments LLC’s holdings, making the stock its 20th biggest holding. AXS Investments LLC owned approximately 0.51% of iShares Interest Rate Hedged High Yield Bond ETF worth $2,430,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Sigma Planning Corp raised its stake in iShares Interest Rate Hedged High Yield Bond ETF by 407.2% in the first quarter. Sigma Planning Corp now owns 13,014 shares of the company’s stock valued at $1,114,000 after purchasing an additional 10,448 shares in the last quarter. HBW Advisory Services LLC lifted its holdings in shares of iShares Interest Rate Hedged High Yield Bond ETF by 19.8% during the 1st quarter. HBW Advisory Services LLC now owns 11,420 shares of the company’s stock worth $978,000 after acquiring an additional 1,886 shares during the period. Diversify Wealth Management LLC bought a new stake in shares of iShares Interest Rate Hedged High Yield Bond ETF during the 1st quarter worth approximately $291,000. Trademark Financial Management LLC boosted its position in shares of iShares Interest Rate Hedged High Yield Bond ETF by 40.1% during the 1st quarter. Trademark Financial Management LLC now owns 3,578 shares of the company’s stock worth $306,000 after acquiring an additional 1,025 shares in the last quarter. Finally, Blue Capital Inc. boosted its position in shares of iShares Interest Rate Hedged High Yield Bond ETF by 35.0% during the 1st quarter. Blue Capital Inc. now owns 28,105 shares of the company’s stock worth $2,406,000 after acquiring an additional 7,291 shares in the last quarter.

iShares Interest Rate Hedged High Yield Bond ETF Price Performance

Shares of NYSEARCA:HYGH opened at $86.54 on Friday. The company’s 50 day simple moving average is $86.51 and its 200 day simple moving average is $86.28. The stock has a market capitalization of $566.84 million, a price-to-earnings ratio of 10.74 and a beta of 0.27. iShares Interest Rate Hedged High Yield Bond ETF has a 1 year low of $84.78 and a 1 year 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.