LPL Financial LLC Has $12.97 Million Stake in ProShares Investment Grade Interest Rate Hedged (BATS:IGHG)

LPL Financial LLC boosted its holdings in ProShares Investment Grade Interest Rate Hedged (BATS:IGHG) by 5.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 165,957 shares of the company’s stock after purchasing an additional 7,835 shares during the quarter. LPL Financial LLC owned about 4.33% of ProShares Investment Grade Interest Rate Hedged worth $12,973,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. B. Riley Wealth Advisors Inc. grew its holdings in shares of ProShares Investment Grade Interest Rate Hedged by 4.1% during the third quarter. B. Riley Wealth Advisors Inc. now owns 4,176 shares of the company’s stock valued at $324,000 after buying an additional 165 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new position in ProShares Investment Grade Interest Rate Hedged during the 3rd quarter valued at about $25,000. Empirical Asset Management LLC increased its holdings in ProShares Investment Grade Interest Rate Hedged by 6.5% during the 4th quarter. Empirical Asset Management LLC now owns 7,261 shares of the company’s stock worth $568,000 after purchasing an additional 442 shares in the last quarter. MML Investors Services LLC raised its stake in shares of ProShares Investment Grade Interest Rate Hedged by 20.9% in the third quarter. MML Investors Services LLC now owns 14,002 shares of the company’s stock worth $1,078,000 after purchasing an additional 2,423 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new position in shares of ProShares Investment Grade Interest Rate Hedged in the fourth quarter valued at approximately $320,000.

ProShares Investment Grade Interest Rate Hedged Trading Down 2.1 %

Shares of ProShares Investment Grade Interest Rate Hedged stock opened at $76.50 on Thursday. The stock has a fifty day simple moving average of $77.61 and a 200 day simple moving average of $77.75. ProShares Investment Grade Interest Rate Hedged has a 12-month low of $70.68 and a 12-month high of $79.14.

ProShares Investment Grade Interest Rate Hedged Increases Dividend

The company also recently announced a dividend, which was paid on Friday, March 7th. Stockholders of record on Monday, March 3rd were issued a $0.3399 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This is an increase from ProShares Investment Grade Interest Rate Hedged’s previous dividend of $0.32.

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.