iShares Interest Rate Hedged Long-Term Corporate Bond ETF (NYSEARCA:IGBH) Stock Price Up 0.4% – Still a Buy?

Shares of iShares Interest Rate Hedged Long-Term Corporate Bond ETF (NYSEARCA:IGBH) traded up 0.4% on Friday . The stock traded as high as $24.68 and last traded at $24.54. 157,575 shares changed hands during mid-day trading, an increase of 128% from the average session volume of 69,025 shares. The stock had previously closed at $24.44.

iShares Interest Rate Hedged Long-Term Corporate Bond ETF Trading Up 0.4 %

The company has a 50 day moving average price of $24.40 and a 200 day moving average price of $24.23.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in IGBH. Goodman Advisory Group LLC lifted its position in iShares Interest Rate Hedged Long-Term Corporate Bond ETF by 93.4% in the second quarter. Goodman Advisory Group LLC now owns 126,841 shares of the company’s stock valued at $3,080,000 after purchasing an additional 61,253 shares during the period. Janney Montgomery Scott LLC purchased a new position in shares of iShares Interest Rate Hedged Long-Term Corporate Bond ETF during the 4th quarter worth approximately $265,000. Finally, JPMorgan Chase & Co. acquired a new stake in iShares Interest Rate Hedged Long-Term Corporate Bond ETF in the third quarter valued at $207,000.

iShares Interest Rate Hedged Long-Term Corporate Bond ETF Company Profile

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.