iShares Interest Rate Hedged Long-Term Corporate Bond ETF (NYSEARCA:IGBH) Trading 0.4% Higher – Here’s What Happened

iShares Interest Rate Hedged Long-Term Corporate Bond ETF (NYSEARCA:IGBH)’s share price shot up 0.4% on Friday . The stock traded as high as $24.68 and last traded at $24.54. 157,575 shares were traded during mid-day trading, an increase of 128% from the average session volume of 69,025 shares. The stock had previously closed at $24.44.

iShares Interest Rate Hedged Long-Term Corporate Bond ETF Trading Up 0.4 %

The company has a 50 day moving average of $24.40 and a two-hundred day moving average of $24.23.

Institutional Trading of iShares Interest Rate Hedged Long-Term Corporate Bond ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Janney Montgomery Scott LLC acquired a new position in iShares Interest Rate Hedged Long-Term Corporate Bond ETF in the fourth quarter worth approximately $265,000. JPMorgan Chase & Co. acquired a new stake in shares of iShares Interest Rate Hedged Long-Term Corporate Bond ETF during the third quarter worth $207,000. Finally, Goodman Advisory Group LLC lifted its holdings in shares of iShares Interest Rate Hedged Long-Term Corporate Bond ETF by 93.4% during the second quarter. Goodman Advisory Group LLC now owns 126,841 shares of the company’s stock valued at $3,080,000 after purchasing an additional 61,253 shares during the last quarter.

iShares Interest Rate Hedged Long-Term Corporate Bond ETF Company Profile

The iShares Interest Rate Hedged Long-Term Corporate Bond ETF (IGBH) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks an index that holds the iShares 10+ Year Investment Grade Corporate Bond ETF (IGLB) and uses derivatives to hedge out interest rate risk.