iShares Interest Rate Hedged Long-Term Corporate Bond ETF (NYSEARCA:IGBH) Trading Up 0.4% – Time to Buy?

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

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

The firm’s 50 day moving average is $24.40 and its 200-day moving average is $24.23.

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

Institutional investors and hedge funds have recently made changes to their positions in the business. Janney Montgomery Scott LLC acquired a new stake in iShares Interest Rate Hedged Long-Term Corporate Bond ETF during the 4th quarter worth $265,000. JPMorgan Chase & Co. acquired a new position in iShares Interest Rate Hedged Long-Term Corporate Bond ETF during the third quarter worth about $207,000. Finally, Goodman Advisory Group LLC grew its stake in iShares Interest Rate Hedged Long-Term Corporate Bond ETF by 93.4% during the 2nd quarter. Goodman Advisory Group LLC now owns 126,841 shares of the company’s stock valued at $3,080,000 after acquiring an additional 61,253 shares in 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.