iShares Interest Rate Hedged Long-Term Corporate Bond ETF (NYSEARCA:IGBH) Stock Price Down 0%

iShares Interest Rate Hedged Long-Term Corporate Bond ETF (NYSEARCA:IGBH)’s share price traded down 0% during mid-day trading on Tuesday . The stock traded as low as $24.33 and last traded at $24.39. 21,135 shares traded hands during trading, a decline of 52% from the average session volume of 43,942 shares. The stock had previously closed at $24.40.

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

The business’s 50 day moving average is $24.44 and its 200 day moving average is $24.26.

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

Hedge funds have recently added to or reduced their stakes in the stock. Laffer Tengler Investments grew its position in shares of iShares Interest Rate Hedged Long-Term Corporate Bond ETF by 194.8% in the 1st quarter. Laffer Tengler Investments now owns 14,725 shares of the company’s stock valued at $355,000 after buying an additional 9,730 shares during the last quarter. Cambridge Investment Research Advisors Inc. acquired a new position in iShares Interest Rate Hedged Long-Term Corporate Bond ETF in the first quarter valued at $247,000. Finally, Industrial Alliance Investment Management Inc. purchased a new position in shares of iShares Interest Rate Hedged Long-Term Corporate Bond ETF during the first quarter worth about $3,617,000.

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.