Larry Mathis Financial Planning LLC Invests $5.06 Million in ProShares Investment Grade Interest Rate Hedged $IGHG

Larry Mathis Financial Planning LLC purchased a new stake in shares of ProShares Investment Grade Interest Rate Hedged (BATS:IGHG) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 64,565 shares of the company’s stock, valued at approximately $5,063,000. ProShares Investment Grade Interest Rate Hedged comprises about 4.4% of Larry Mathis Financial Planning LLC’s investment portfolio, making the stock its 3rd biggest holding. Larry Mathis Financial Planning LLC owned about 1.88% of ProShares Investment Grade Interest Rate Hedged at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of IGHG. Anchor Investment Management LLC bought a new position in ProShares Investment Grade Interest Rate Hedged in the 4th quarter worth approximately $59,000. Cetera Investment Advisers boosted its position in ProShares Investment Grade Interest Rate Hedged by 8.3% in the 4th quarter. Cetera Investment Advisers now owns 32,501 shares of the company’s stock valued at $2,549,000 after buying an additional 2,479 shares during the last quarter. Kovack Advisors Inc. bought a new position in ProShares Investment Grade Interest Rate Hedged in the 4th quarter valued at $687,000. Hyundai Investments Co. Ltd. bought a new position in ProShares Investment Grade Interest Rate Hedged in the 4th quarter valued at $446,000. Finally, MML Investors Services LLC increased its stake in shares of ProShares Investment Grade Interest Rate Hedged by 31.5% in the 4th quarter. MML Investors Services LLC now owns 21,102 shares of the company’s stock valued at $1,655,000 after buying an additional 5,060 shares during the period.

ProShares Investment Grade Interest Rate Hedged Stock Performance

IGHG stock opened at $78.30 on Friday. ProShares Investment Grade Interest Rate Hedged has a twelve month low of $76.83 and a twelve month high of $79.56. The business has a fifty day moving average of $78.39 and a 200-day moving average of $78.29.

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. IGHG was launched on Nov 5, 2013 and is managed by ProShares.