UBS Group AG Sells 38,827 Shares of iShares Interest Rate Hedged High Yield Bond ETF $HYGH

UBS Group AG lowered its position in shares of iShares Interest Rate Hedged High Yield Bond ETF (NYSEARCA:HYGH) by 39.1% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 60,463 shares of the company’s stock after selling 38,827 shares during the period. UBS Group AG owned about 1.16% of iShares Interest Rate Hedged High Yield Bond ETF worth $5,212,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of HYGH. Live Oak Investment Partners acquired a new position in iShares Interest Rate Hedged High Yield Bond ETF during the 4th quarter worth about $3,433,000. Jane Street Group LLC lifted its holdings in 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 worth $3,794,000 after buying an additional 33,154 shares during the period. AdvisorNet Financial Inc lifted its stake in shares of iShares Interest Rate Hedged High Yield Bond ETF by 42.8% in the 4th quarter. AdvisorNet Financial Inc now owns 76,090 shares of the company’s stock valued at $6,559,000 after purchasing an additional 22,809 shares during the period. Thrivent Financial for Lutherans acquired a new position in shares of iShares Interest Rate Hedged High Yield Bond ETF in the 3rd quarter valued at about $922,000. Finally, Nations Financial Group Inc. IA ADV lifted its stake in shares of iShares Interest Rate Hedged High Yield Bond ETF by 66.8% in the 4th quarter. Nations Financial Group Inc. IA ADV now owns 24,054 shares of the company’s stock valued at $2,074,000 after purchasing an additional 9,637 shares during the period.

iShares Interest Rate Hedged High Yield Bond ETF Price Performance

Shares of NYSEARCA:HYGH opened at $86.57 on Friday. The company has a market capitalization of $484.79 million, a price-to-earnings ratio of 10.74 and a beta of 0.28. The business’s 50-day moving average is $85.95 and its 200-day moving average is $86.15. iShares Interest Rate Hedged High Yield Bond ETF has a 1 year low of $84.78 and a 1 year high of $87.19.

iShares Interest Rate Hedged High Yield Bond ETF 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.