Ibex Wealth Advisors Trims Position in iShares Interest Rate Hedged High Yield Bond ETF $HYGH

Ibex Wealth Advisors lessened its holdings in shares of iShares Interest Rate Hedged High Yield Bond ETF (NYSEARCA:HYGH) by 65.2% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,335 shares of the company’s stock after selling 17,504 shares during the quarter. Ibex Wealth Advisors owned approximately 0.17% of iShares Interest Rate Hedged High Yield Bond ETF worth $799,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Northwestern Mutual Wealth Management Co. increased its position in iShares Interest Rate Hedged High Yield Bond ETF by 67,808.3% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 6,942,942 shares of the company’s stock valued at $598,482,000 after purchasing an additional 6,932,718 shares during the period. Live Oak Investment Partners bought a new stake in shares of iShares Interest Rate Hedged High Yield Bond ETF during the 4th quarter valued at about $3,433,000. Jane Street Group LLC boosted its stake in shares of iShares Interest Rate Hedged High Yield Bond ETF by 291.4% during the 1st quarter. Jane Street Group LLC now owns 44,532 shares of the company’s stock valued at $3,794,000 after purchasing an additional 33,154 shares in the last quarter. AdvisorNet Financial Inc increased its position in shares of iShares Interest Rate Hedged High Yield Bond ETF by 42.8% during the fourth quarter. AdvisorNet Financial Inc now owns 76,090 shares of the company’s stock valued at $6,559,000 after buying an additional 22,809 shares during the period. Finally, MinichMacGregor Wealth Management LLC increased its position in shares of iShares Interest Rate Hedged High Yield Bond ETF by 12.0% during the first quarter. MinichMacGregor Wealth Management LLC now owns 146,471 shares of the company’s stock valued at $12,539,000 after buying an additional 15,723 shares during the period.

iShares Interest Rate Hedged High Yield Bond ETF Price Performance

HYGH stock opened at $86.49 on Friday. The company has a market cap of $553.54 million, a P/E 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. The firm has a 50-day moving average of $86.49 and a 200 day moving average of $86.27.

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. HYGH was launched on May 27, 2014 and is managed by BlackRock.