iShares Interest Rate Hedged High Yield Bond ETF $HYGH Shares Purchased by MinichMacGregor Wealth Management LLC

MinichMacGregor Wealth Management LLC raised its stake in iShares Interest Rate Hedged High Yield Bond ETF (NYSEARCA:HYGH) by 12.0% during the 1st quarter, HoldingsChannel reports. The firm owned 146,471 shares of the company’s stock after acquiring an additional 15,723 shares during the quarter. iShares Interest Rate Hedged High Yield Bond ETF accounts for about 2.2% of MinichMacGregor Wealth Management LLC’s portfolio, making the stock its 13th largest position. MinichMacGregor Wealth Management LLC’s holdings in iShares Interest Rate Hedged High Yield Bond ETF were worth $12,539,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the stock. Northwestern Mutual Wealth Management Co. boosted its position in shares of iShares Interest Rate Hedged High Yield Bond ETF by 67,808.3% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 6,942,942 shares of the company’s stock worth $598,482,000 after buying an additional 6,932,718 shares during the period. LPL Financial LLC grew its stake in shares of iShares Interest Rate Hedged High Yield Bond ETF by 4.5% in the fourth quarter. LPL Financial LLC now owns 268,735 shares of the company’s stock valued at $23,165,000 after buying an additional 11,505 shares in the last quarter. UBS Group AG raised its holdings in shares of iShares Interest Rate Hedged High Yield Bond ETF by 12.7% during the 3rd quarter. UBS Group AG now owns 99,290 shares of the company’s stock valued at $8,622,000 after buying an additional 11,226 shares during the period. AdvisorNet Financial Inc raised its holdings in shares of iShares Interest Rate Hedged High Yield Bond ETF by 1.9% during the 1st quarter. AdvisorNet Financial Inc now owns 77,514 shares of the company’s stock valued at $6,636,000 after buying an additional 1,424 shares during the period. Finally, Foundations Investment Advisors LLC raised its holdings in shares of iShares Interest Rate Hedged High Yield Bond ETF by 9.7% during the 4th quarter. Foundations Investment Advisors LLC now owns 68,936 shares of the company’s stock valued at $5,942,000 after buying an additional 6,106 shares during the period.

iShares Interest Rate Hedged High Yield Bond ETF Stock Performance

iShares Interest Rate Hedged High Yield Bond ETF stock opened at $86.49 on Thursday. The firm has a market capitalization of $484.34 million, a PE ratio of 10.74 and a beta of 0.27. iShares Interest Rate Hedged High Yield Bond ETF has a one year low of $84.78 and a one year high of $87.19. The stock’s 50 day moving average price is $86.48 and its 200 day moving average price is $86.25.

iShares Interest Rate Hedged High Yield Bond ETF 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. HYGH was launched on May 27, 2014 and is managed by BlackRock.