SFE Investment Counsel Takes $204,000 Position in ProShares Investment Grade Interest Rate Hedged $IGHG

SFE Investment Counsel bought a new stake in ProShares Investment Grade Interest Rate Hedged (BATS:IGHG) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 2,600 shares of the company’s stock, valued at approximately $204,000. SFE Investment Counsel owned approximately 0.08% of ProShares Investment Grade Interest Rate Hedged as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Envestnet Asset Management Inc. boosted its holdings in shares of ProShares Investment Grade Interest Rate Hedged by 125.3% during the first quarter. Envestnet Asset Management Inc. now owns 19,423 shares of the company’s stock worth $1,493,000 after purchasing an additional 10,802 shares during the period. Stephens Inc. AR lifted its position in ProShares Investment Grade Interest Rate Hedged by 6.9% in the 1st quarter. Stephens Inc. AR now owns 68,151 shares of the company’s stock worth $5,240,000 after buying an additional 4,419 shares in the last quarter. Avantax Advisory Services Inc. purchased a new stake in ProShares Investment Grade Interest Rate Hedged in the 1st quarter worth approximately $249,000. Cetera Investment Advisers boosted its stake in shares of ProShares Investment Grade Interest Rate Hedged by 76.8% during the 1st quarter. Cetera Investment Advisers now owns 36,822 shares of the company’s stock valued at $2,831,000 after buying an additional 15,994 shares during the period. Finally, Assetmark Inc. grew its holdings in shares of ProShares Investment Grade Interest Rate Hedged by 23.8% during the 1st quarter. Assetmark Inc. now owns 154,195 shares of the company’s stock valued at $11,856,000 after acquiring an additional 29,642 shares in the last quarter.

ProShares Investment Grade Interest Rate Hedged Price Performance

IGHG opened at $78.11 on Monday. ProShares Investment Grade Interest Rate Hedged has a 1 year low of $70.68 and a 1 year high of $79.14. The stock has a fifty day moving average price of $78.69 and a 200 day moving average price of $78.22.

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.