TrinityPoint Wealth LLC Has $667,000 Stock Holdings in ProShares Investment Grade Interest Rate Hedged (BATS:IGHG)

TrinityPoint Wealth LLC reduced its stake in shares of ProShares Investment Grade Interest Rate Hedged (BATS:IGHG) by 9.2% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 8,533 shares of the company’s stock after selling 864 shares during the quarter. TrinityPoint Wealth LLC’s holdings in ProShares Investment Grade Interest Rate Hedged were worth $667,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of IGHG. Bank of America Corp DE lifted its position in shares of ProShares Investment Grade Interest Rate Hedged by 9.9% during the 4th quarter. Bank of America Corp DE now owns 178,664 shares of the company’s stock worth $13,966,000 after buying an additional 16,139 shares during the last quarter. LPL Financial LLC lifted its position in shares of ProShares Investment Grade Interest Rate Hedged by 5.0% during the 4th quarter. LPL Financial LLC now owns 165,957 shares of the company’s stock worth $12,973,000 after buying an additional 7,835 shares during the last quarter. Wells Fargo & Company MN lifted its position in shares of ProShares Investment Grade Interest Rate Hedged by 12.8% during the 4th quarter. Wells Fargo & Company MN now owns 117,835 shares of the company’s stock worth $9,211,000 after buying an additional 13,358 shares during the last quarter. GeoWealth Management LLC lifted its position in shares of ProShares Investment Grade Interest Rate Hedged by 813,877.8% during the 4th quarter. GeoWealth Management LLC now owns 73,258 shares of the company’s stock worth $5,727,000 after buying an additional 73,249 shares during the last quarter. Finally, Elevation Capital Advisory LLC bought a new stake in shares of ProShares Investment Grade Interest Rate Hedged during the 4th quarter worth $5,727,000.

ProShares Investment Grade Interest Rate Hedged Stock Performance

Shares of IGHG stock opened at $77.54 on Monday. ProShares Investment Grade Interest Rate Hedged has a twelve month low of $70.68 and a twelve month high of $79.14. The business has a fifty day simple moving average of $76.52 and a 200 day simple moving average of $77.49.

ProShares Investment Grade Interest Rate Hedged Increases Dividend

The company also recently announced a dividend, which was paid on Friday, March 7th. Shareholders of record on Monday, March 3rd were given a $0.3399 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This is an increase from ProShares Investment Grade Interest Rate Hedged’s previous dividend of $0.32.

ProShares Investment Grade Interest Rate Hedged Profile

The ProShares Investment Grade—Interest Rate Hedged (IGHG) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks an index with long exposure to USD-denominated investment-grade debt and short exposure to US Treasurys. The fund aims to minimize interest-rate risk.