iShares Interest Rate Hedged Long-Term Corporate Bond ETF (NYSEARCA:IGBH) Stock Price Up 0.2% – Here’s Why

Shares of iShares Interest Rate Hedged Long-Term Corporate Bond ETF (NYSEARCA:IGBH) shot up 0.2% during trading on Wednesday . The stock traded as high as $24.37 and last traded at $24.36. Approximately 64,792 shares were traded during trading, a decline of 27% from the average daily volume of 88,654 shares. The stock had previously closed at $24.32.

iShares Interest Rate Hedged Long-Term Corporate Bond ETF Price Performance

The business’s fifty day simple moving average is $24.49 and its two-hundred day simple moving average is $24.45.

Hedge Funds Weigh In On iShares Interest Rate Hedged Long-Term Corporate Bond ETF

An institutional investor recently raised its stake in iShares Interest Rate Hedged Long-Term Corporate Bond ETF stock. JPMorgan Chase & Co. increased its holdings in iShares Interest Rate Hedged Long-Term Corporate Bond ETF (NYSEARCA:IGBH) by 141.3% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 3,555 shares of the company’s stock after purchasing an additional 2,082 shares during the quarter. JPMorgan Chase & Co. owned 0.08% of iShares Interest Rate Hedged Long-Term Corporate Bond ETF worth $86,000 at the end of the most recent reporting period.

About iShares Interest Rate Hedged Long-Term Corporate Bond ETF

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. IGBH was launched on Jul 22, 2015 and is managed by BlackRock.