iShares Interest Rate Hedged Long-Term Corporate Bond ETF (NYSEARCA:IGBH) Trading 0% Higher – Still a Buy?

iShares Interest Rate Hedged Long-Term Corporate Bond ETF (NYSEARCA:IGBHGet Free Report)’s share price shot up 0% during trading on Wednesday . The company traded as high as $24.39 and last traded at $24.39. Approximately 54,175 shares were traded during mid-day trading, a decline of 32% from the average daily volume of 79,104 shares. The stock had previously closed at $24.38.

iShares Interest Rate Hedged Long-Term Corporate Bond ETF Stock Performance

The stock’s 50-day simple moving average is $24.60 and its 200 day simple moving average is $24.50.

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

A hedge fund recently raised its position in iShares Interest Rate Hedged Long-Term Corporate Bond ETF stock. JPMorgan Chase & Co. increased its position in iShares Interest Rate Hedged Long-Term Corporate Bond ETF (NYSEARCA:IGBHFree Report) by 141.3% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,555 shares of the company’s stock after acquiring an additional 2,082 shares during the period. JPMorgan Chase & Co. owned approximately 0.08% of iShares Interest Rate Hedged Long-Term Corporate Bond ETF worth $86,000 as of its most recent SEC filing.

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

(Get Free Report)

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.

Further Reading

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