Nations Financial Group Inc. IA ADV Boosts Position in iShares Interest Rate Hedged High Yield Bond ETF $HYGH

Nations Financial Group Inc. IA ADV grew its stake in shares of iShares Interest Rate Hedged High Yield Bond ETF (NYSEARCA:HYGH) by 31.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 31,720 shares of the company’s stock after buying an additional 7,666 shares during the period. Nations Financial Group Inc. IA ADV owned 0.59% of iShares Interest Rate Hedged High Yield Bond ETF worth $2,716,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of HYGH. Royal Bank of Canada grew its stake in iShares Interest Rate Hedged High Yield Bond ETF by 12.1% during the first quarter. Royal Bank of Canada now owns 15,785 shares of the company’s stock valued at $1,344,000 after acquiring an additional 1,709 shares in the last quarter. Jane Street Group LLC lifted its stake 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 in the last quarter. Cetera Investment Advisers lifted its stake in iShares Interest Rate Hedged High Yield Bond ETF by 6.6% in the 2nd quarter. Cetera Investment Advisers now owns 5,315 shares of the company’s stock worth $460,000 after purchasing an additional 329 shares in the last quarter. JPMorgan Chase & Co. bought a new position in iShares Interest Rate Hedged High Yield Bond ETF in the 2nd quarter valued at $424,000. Finally, Flow Traders U.S. LLC bought a new position in iShares Interest Rate Hedged High Yield Bond ETF in the 2nd quarter valued at $392,000.

iShares Interest Rate Hedged High Yield Bond ETF Price Performance

HYGH opened at $86.76 on Monday. The firm has a market capitalization of $485.86 million, a P/E ratio of 10.74 and a beta of 0.27. 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 company has a fifty day moving average price of $86.45 and a 200-day moving average price of $86.24.

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.