3,000 Shares in ProShares Investment Grade Interest Rate Hedged (BATS:IGHG) Acquired by Snowden Capital Advisors LLC

Snowden Capital Advisors LLC acquired a new position in ProShares Investment Grade Interest Rate Hedged (BATS:IGHG) in the fourth quarter, Holdings Channel reports. The firm acquired 3,000 shares of the company’s stock, valued at approximately $235,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in IGHG. Aptus Capital Advisors LLC purchased a new stake in ProShares Investment Grade Interest Rate Hedged in the 4th quarter worth approximately $106,000. Raymond James Financial Inc. acquired a new position in ProShares Investment Grade Interest Rate Hedged in the 4th quarter valued at $320,000. TBH Global Asset Management LLC acquired a new position in ProShares Investment Grade Interest Rate Hedged in the 4th quarter valued at $414,000. Trademark Financial Management LLC acquired a new position in ProShares Investment Grade Interest Rate Hedged in the 4th quarter valued at $520,000. Finally, KKM Financial LLC grew its position in ProShares Investment Grade Interest Rate Hedged by 9.1% in the 4th quarter. KKM Financial LLC now owns 7,380 shares of the company’s stock worth $577,000 after purchasing an additional 617 shares during the last quarter.

ProShares Investment Grade Interest Rate Hedged Stock Performance

BATS IGHG opened at $77.60 on Friday. The company’s fifty day moving average is $76.58 and its two-hundred day moving average is $77.50. ProShares Investment Grade Interest Rate Hedged has a 52-week low of $70.68 and a 52-week high of $79.14.

ProShares Investment Grade Interest Rate Hedged Increases Dividend

The firm also recently announced a dividend, which was paid on Friday, March 7th. Stockholders of record on Monday, March 3rd were given a dividend of $0.3399 per share. This is a positive change from ProShares Investment Grade Interest Rate Hedged’s previous dividend of $0.32. The ex-dividend date was Monday, March 3rd.

About ProShares Investment Grade Interest Rate Hedged

The ProShares Investment Grade—Interest Rate Hedged (IGHG) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks an index with long exposure to USD-denominated investment-grade debt and short exposure to US Treasurys. The fund aims to minimize interest-rate risk.