AXS Investments LLC Has $1.58 Million Stake in iShares Interest Rate Hedged High Yield Bond ETF $HYGH

AXS Investments LLC lowered its position in iShares Interest Rate Hedged High Yield Bond ETF (NYSEARCA:HYGH) by 26.2% during the third quarter, HoldingsChannel reports. The institutional investor owned 18,175 shares of the company’s stock after selling 6,438 shares during the period. AXS Investments LLC’s holdings in iShares Interest Rate Hedged High Yield Bond ETF were worth $1,578,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in HYGH. Royal Bank of Canada lifted its stake in iShares Interest Rate Hedged High Yield Bond ETF by 12.1% in the first quarter. Royal Bank of Canada now owns 15,785 shares of the company’s stock valued at $1,344,000 after acquiring an additional 1,709 shares during the last quarter. Jane Street Group LLC raised its holdings in shares of iShares Interest Rate Hedged High Yield Bond ETF by 291.4% during the 1st quarter. Jane Street Group LLC now owns 44,532 shares of the company’s stock valued at $3,794,000 after purchasing an additional 33,154 shares in the last quarter. Ameritas Advisory Services LLC acquired a new stake in shares of iShares Interest Rate Hedged High Yield Bond ETF in the 2nd quarter valued at $53,000. Axxcess Wealth Management LLC lifted its stake in shares of iShares Interest Rate Hedged High Yield Bond ETF by 431.0% in the 2nd quarter. Axxcess Wealth Management LLC now owns 73,359 shares of the company’s stock valued at $6,348,000 after purchasing an additional 59,543 shares during the last quarter. Finally, Brookstone Capital Management boosted its holdings in iShares Interest Rate Hedged High Yield Bond ETF by 22.6% in the second quarter. Brookstone Capital Management now owns 4,874 shares of the company’s stock worth $422,000 after purchasing an additional 898 shares in the last quarter.

iShares Interest Rate Hedged High Yield Bond ETF Price Performance

iShares Interest Rate Hedged High Yield Bond ETF stock opened at $86.74 on Monday. iShares Interest Rate Hedged High Yield Bond ETF has a one year low of $78.23 and a one year high of $87.56. The company’s fifty day moving average price is $86.43 and its two-hundred day moving average price is $86.30. The company has a market capitalization of $446.71 million, a price-to-earnings ratio of 10.74 and a beta of 0.28.

iShares Interest Rate Hedged High Yield Bond ETF Company 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.