iShares Interest Rate Hedged High Yield Bond ETF $HYGH Stock Acquired by MinichMacGregor Wealth Management LLC

MinichMacGregor Wealth Management LLC lifted its position in shares of iShares Interest Rate Hedged High Yield Bond ETF (NYSEARCA:HYGH) by 4.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 162,535 shares of the company’s stock after acquiring an additional 6,585 shares during the period. iShares Interest Rate Hedged High Yield Bond ETF makes up about 2.3% of MinichMacGregor Wealth Management LLC’s portfolio, making the stock its 16th largest holding. MinichMacGregor Wealth Management LLC owned approximately 2.11% of iShares Interest Rate Hedged High Yield Bond ETF worth $13,918,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Envestnet Asset Management Inc. lifted its stake in shares of iShares Interest Rate Hedged High Yield Bond ETF by 17.5% in the 2nd quarter. Envestnet Asset Management Inc. now owns 103,948 shares of the company’s stock valued at $9,003,000 after acquiring an additional 15,486 shares during the last quarter. AdvisorNet Financial Inc raised its position in iShares Interest Rate Hedged High Yield Bond ETF by 1.9% during the 1st quarter. AdvisorNet Financial Inc now owns 77,514 shares of the company’s stock worth $6,636,000 after purchasing an additional 1,424 shares during the last quarter. Focus Financial Network Inc. lifted its holdings in iShares Interest Rate Hedged High Yield Bond ETF by 2.6% during the 3rd quarter. Focus Financial Network Inc. now owns 37,957 shares of the company’s stock worth $3,250,000 after buying an additional 961 shares during the period. Nations Financial Group Inc. IA ADV boosted its holdings in iShares Interest Rate Hedged High Yield Bond ETF by 31.9% in the first quarter. Nations Financial Group Inc. IA ADV now owns 31,720 shares of the company’s stock valued at $2,716,000 after acquiring an additional 7,666 shares during the last quarter. Finally, Founders Financial Securities LLC lifted its position in shares of iShares Interest Rate Hedged High Yield Bond ETF by 8.8% in the 1st quarter. Founders Financial Securities LLC now owns 28,390 shares of the company’s stock worth $2,448,000 after purchasing an additional 2,290 shares during the period.

iShares Interest Rate Hedged High Yield Bond ETF Price Performance

NYSEARCA HYGH traded down $0.27 during mid-day trading on Wednesday, reaching $84.97. 37,617 shares of the stock were exchanged, compared to its average volume of 62,974. The stock has a 50 day simple moving average of $86.25 and a 200-day simple moving average of $86.31. iShares Interest Rate Hedged High Yield Bond ETF has a one year low of $84.66 and a one year high of $87.19. The stock has a market cap of $654.27 million, a P/E ratio of 10.74 and a beta of 0.28.

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.