Avantax Advisory Services Inc. Acquires 903 Shares of iShares Interest Rate Hedged High Yield Bond ETF (NYSEARCA:HYGH)

Avantax Advisory Services Inc. boosted its holdings in iShares Interest Rate Hedged High Yield Bond ETF (NYSEARCA:HYGH) by 17.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,002 shares of the company’s stock after purchasing an additional 903 shares during the period. Avantax Advisory Services Inc. owned about 0.21% of iShares Interest Rate Hedged High Yield Bond ETF worth $518,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in HYGH. PFG Advisors boosted its stake in shares of iShares Interest Rate Hedged High Yield Bond ETF by 109.0% during the 4th quarter. PFG Advisors now owns 13,529 shares of the company’s stock worth $1,168,000 after buying an additional 7,057 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in iShares Interest Rate Hedged High Yield Bond ETF during the 4th quarter valued at $4,275,000. a16z Perennial Management L.P. bought a new position in iShares Interest Rate Hedged High Yield Bond ETF during the fourth quarter worth $1,892,000. Meridian Wealth Management LLC bought a new stake in shares of iShares Interest Rate Hedged High Yield Bond ETF during the 4th quarter worth about $219,000. Finally, Kovack Advisors Inc. acquired a new position in iShares Interest Rate Hedged High Yield Bond ETF in the 4th quarter valued at about $10,905,000.

iShares Interest Rate Hedged High Yield Bond ETF Trading Down 0.1 %

Shares of NYSEARCA HYGH opened at $85.87 on Friday. The firm has a market cap of $437.94 million, a P/E ratio of 10.88 and a beta of 0.36. The business’s 50 day moving average is $86.69 and its 200-day moving average is $86.39. iShares Interest Rate Hedged High Yield Bond ETF has a 1-year low of $81.37 and a 1-year high of $87.69.

About iShares Interest Rate Hedged High Yield Bond ETF

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.