iShares Interest Rate Hedged Long-Term Corporate Bond ETF (NYSEARCA:IGBH) Stock Price Down 0.3% – Here’s What Happened

iShares Interest Rate Hedged Long-Term Corporate Bond ETF (NYSEARCA:IGBH) fell 0.3% on Tuesday . The company traded as low as $24.55 and last traded at $24.60. 87,447 shares traded hands during mid-day trading, an increase of 80% from the average session volume of 48,685 shares. The stock had previously closed at $24.67.

iShares Interest Rate Hedged Long-Term Corporate Bond ETF Stock Down 0.3%

The company has a 50 day simple moving average of $24.57 and a 200-day simple moving average of $24.39.

Institutional Investors Weigh In On iShares Interest Rate Hedged Long-Term Corporate Bond ETF

Large investors have recently made changes to their positions in the stock. Janney Montgomery Scott LLC raised its position in iShares Interest Rate Hedged Long-Term Corporate Bond ETF by 7.8% during the second quarter. Janney Montgomery Scott LLC now owns 13,970 shares of the company’s stock worth $337,000 after acquiring an additional 1,006 shares in the last quarter. Goodman Advisory Group LLC grew its position in shares of iShares Interest Rate Hedged Long-Term Corporate Bond ETF by 223.2% in the 3rd quarter. Goodman Advisory Group LLC now owns 8,645 shares of the company’s stock valued at $213,000 after acquiring an additional 5,970 shares during the period. Ameriflex Group Inc. grew its position in shares of iShares Interest Rate Hedged Long-Term Corporate Bond ETF by 21.1% in the 2nd quarter. Ameriflex Group Inc. now owns 6,525 shares of the company’s stock valued at $156,000 after acquiring an additional 1,135 shares during the period. JPMorgan Chase & Co. increased its stake in shares of iShares Interest Rate Hedged Long-Term Corporate Bond ETF by 141.3% during the 2nd quarter. JPMorgan Chase & Co. now owns 3,555 shares of the company’s stock worth $86,000 after purchasing an additional 2,082 shares during the last quarter. Finally, Farther Finance Advisors LLC bought a new stake in shares of iShares Interest Rate Hedged Long-Term Corporate Bond ETF in the 3rd quarter valued at about $33,000.

iShares Interest Rate Hedged Long-Term Corporate Bond ETF Company Profile

The iShares Interest Rate Hedged Long-Term Corporate Bond ETF (IGBH) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks an index that holds the iShares 10+ Year Investment Grade Corporate Bond ETF (IGLB) and uses derivatives to hedge out interest rate risk. IGBH was launched on Jul 22, 2015 and is managed by BlackRock.