Smith Moore & CO. Invests $240,000 in iShares Interest Rate Hedged High Yield Bond ETF (NYSEARCA:HYGH)

Smith Moore & CO. bought a new stake in shares of iShares Interest Rate Hedged High Yield Bond ETF (NYSEARCA:HYGH) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 2,777 shares of the company’s stock, valued at approximately $240,000. Smith Moore & CO. owned 0.10% of iShares Interest Rate Hedged High Yield Bond ETF at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. MinichMacGregor Wealth Management LLC grew its holdings in shares of iShares Interest Rate Hedged High Yield Bond ETF by 5.6% in the fourth quarter. MinichMacGregor Wealth Management LLC now owns 164,434 shares of the company’s stock worth $14,199,000 after purchasing an additional 8,781 shares during the last quarter. Kovack Advisors Inc. purchased a new stake in iShares Interest Rate Hedged High Yield Bond ETF during the 4th quarter valued at $10,905,000. LPL Financial LLC increased its position in shares of iShares Interest Rate Hedged High Yield Bond ETF by 15.8% in the fourth quarter. LPL Financial LLC now owns 118,549 shares of the company’s stock valued at $10,237,000 after acquiring an additional 16,159 shares during the period. Matauro LLC purchased a new position in shares of iShares Interest Rate Hedged High Yield Bond ETF in the fourth quarter valued at about $8,783,000. Finally, Rooted Wealth Advisors Inc. bought a new position in shares of iShares Interest Rate Hedged High Yield Bond ETF during the fourth quarter valued at about $8,094,000.

iShares Interest Rate Hedged High Yield Bond ETF Price Performance

NYSEARCA HYGH opened at $79.41 on Friday. iShares Interest Rate Hedged High Yield Bond ETF has a 1 year low of $78.23 and a 1 year high of $87.69. The stock has a market capitalization of $404.99 million, a PE ratio of 10.88 and a beta of 0.36. The business’s 50-day moving average is $86.20 and its 200 day moving average is $86.37.

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.