iShares Interest Rate Hedged High Yield Bond ETF $HYGH Stock Holdings Lessened by Kovack Advisors Inc.

Kovack Advisors Inc. reduced its holdings in iShares Interest Rate Hedged High Yield Bond ETF (NYSEARCA:HYGH) by 51.4% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 45,164 shares of the company’s stock after selling 47,760 shares during the quarter. Kovack Advisors Inc. owned approximately 0.87% of iShares Interest Rate Hedged High Yield Bond ETF worth $3,890,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Thrivent Financial for Lutherans bought a new position in shares of iShares Interest Rate Hedged High Yield Bond ETF in the 3rd quarter worth about $922,000. AdvisorNet Financial Inc lifted its position in shares of iShares Interest Rate Hedged High Yield Bond ETF by 42.8% in the 4th quarter. AdvisorNet Financial Inc now owns 76,090 shares of the company’s stock worth $6,559,000 after buying an additional 22,809 shares during the last quarter. Envestnet Asset Management Inc. lifted its position in shares of iShares Interest Rate Hedged High Yield Bond ETF by 13.6% in the 3rd quarter. Envestnet Asset Management Inc. now owns 60,512 shares of the company’s stock worth $5,255,000 after buying an additional 7,222 shares during the last quarter. Nations Financial Group Inc. IA ADV lifted its position in iShares Interest Rate Hedged High Yield Bond ETF by 66.8% in the 4th quarter. Nations Financial Group Inc. IA ADV now owns 24,054 shares of the company’s stock valued at $2,074,000 after purchasing an additional 9,637 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its position in iShares Interest Rate Hedged High Yield Bond ETF by 67,808.3% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 6,942,942 shares of the company’s stock valued at $598,482,000 after purchasing an additional 6,932,718 shares during the last quarter.

iShares Interest Rate Hedged High Yield Bond ETF Stock Up 0.2%

Shares of NYSEARCA:HYGH opened at $86.47 on Friday. The company has a market cap of $484.23 million, a PE ratio of 10.74 and a beta of 0.27. The company’s 50-day moving average price is $86.34 and its 200 day moving average price is $86.22. iShares Interest Rate Hedged High Yield Bond ETF has a fifty-two week low of $84.78 and a fifty-two week high of $87.19.

About iShares Interest Rate Hedged High Yield Bond ETF

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.