Sowell Financial Services LLC Acquires New Holdings in iShares Interest Rate Hedged High Yield Bond ETF $HYGH

Sowell Financial Services LLC acquired a new stake in iShares Interest Rate Hedged High Yield Bond ETF (NYSEARCA:HYGH) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 70,260 shares of the company’s stock, valued at approximately $6,016,000.

A number of other hedge funds have also recently added to or reduced their stakes in HYGH. Integrated Wealth Concepts LLC bought a new stake in shares of iShares Interest Rate Hedged High Yield Bond ETF during the second quarter worth $87,000. OxenFree Capital LLC acquired a new position in shares of iShares Interest Rate Hedged High Yield Bond ETF during the third quarter worth $209,000. Diversify Wealth Management LLC acquired a new position in shares of iShares Interest Rate Hedged High Yield Bond ETF during the first quarter worth $291,000. Trademark Financial Management LLC increased its holdings in shares of iShares Interest Rate Hedged High Yield Bond ETF by 40.1% during the first quarter. Trademark Financial Management LLC now owns 3,578 shares of the company’s stock worth $306,000 after buying an additional 1,025 shares in the last quarter. Finally, Smithbridge Asset Management Inc. DE bought a new position in shares of iShares Interest Rate Hedged High Yield Bond ETF in the 3rd quarter valued at $330,000.

iShares Interest Rate Hedged High Yield Bond ETF Stock Performance

Shares of HYGH opened at $84.80 on Wednesday. iShares Interest Rate Hedged High Yield Bond ETF has a 52 week low of $84.25 and a 52 week high of $87.19. The stock has a market capitalization of $652.96 million, a price-to-earnings ratio of 10.74 and a beta of 0.28. The stock has a fifty day moving average of $86.09 and a 200-day moving average of $86.30.

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.