iShares Interest Rate Hedged High Yield Bond ETF $HYGH Shares Acquired by Kovack Advisors Inc.

Kovack Advisors Inc. raised its stake in shares of iShares Interest Rate Hedged High Yield Bond ETF (NYSEARCA:HYGH) by 7.0% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 92,924 shares of the company’s stock after acquiring an additional 6,106 shares during the period. iShares Interest Rate Hedged High Yield Bond ETF makes up 0.8% of Kovack Advisors Inc.’s investment portfolio, making the stock its 24th biggest holding. Kovack Advisors Inc. owned 1.86% of iShares Interest Rate Hedged High Yield Bond ETF worth $8,070,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also modified their holdings of the stock. Inspire Advisors LLC lifted its stake in shares of iShares Interest Rate Hedged High Yield Bond ETF by 18.6% in the 3rd quarter. Inspire Advisors LLC now owns 60,225 shares of the company’s stock worth $5,230,000 after acquiring an additional 9,438 shares during the period. Osaic Holdings Inc. raised its stake in shares of iShares Interest Rate Hedged High Yield Bond ETF by 26.1% during the 2nd quarter. Osaic Holdings Inc. now owns 33,101 shares of the company’s stock worth $2,861,000 after buying an additional 6,861 shares in the last quarter. Golden State Wealth Management LLC acquired a new stake in shares of iShares Interest Rate Hedged High Yield Bond ETF in the 2nd quarter valued at approximately $612,000. Thrivent Financial for Lutherans purchased a new stake in shares of iShares Interest Rate Hedged High Yield Bond ETF in the third quarter valued at approximately $922,000. Finally, Global Retirement Partners LLC acquired a new position in iShares Interest Rate Hedged High Yield Bond ETF during the second quarter worth $270,000.

iShares Interest Rate Hedged High Yield Bond ETF Stock Performance

iShares Interest Rate Hedged High Yield Bond ETF stock opened at $86.40 on Friday. The business has a fifty day moving average of $86.49 and a two-hundred day moving average of $86.30. The company has a market cap of $449.28 million, a P/E ratio of 10.74 and a beta of 0.28. iShares Interest Rate Hedged High Yield Bond ETF has a one year low of $78.23 and a one year high of $87.44.

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.