iShares Interest Rate Hedged High Yield Bond ETF $HYGH Shares Purchased by Kovack Advisors Inc.

Kovack Advisors Inc. grew its position in iShares Interest Rate Hedged High Yield Bond ETF (NYSEARCA:HYGH) by 7.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 92,924 shares of the company’s stock after buying an additional 6,106 shares during the quarter. iShares Interest Rate Hedged High Yield Bond ETF accounts for approximately 0.8% of Kovack Advisors Inc.’s holdings, making the stock its 24th biggest holding. Kovack Advisors Inc.’s holdings in iShares Interest Rate Hedged High Yield Bond ETF were worth $8,070,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in HYGH. Matauro LLC increased its holdings in iShares Interest Rate Hedged High Yield Bond ETF by 6.9% during the 3rd quarter. Matauro LLC now owns 121,327 shares of the company’s stock valued at $10,536,000 after acquiring an additional 7,872 shares in the last quarter. Rooted Wealth Advisors Inc. grew its position in shares of iShares Interest Rate Hedged High Yield Bond ETF by 3.1% in the third quarter. Rooted Wealth Advisors Inc. now owns 97,064 shares of the company’s stock valued at $8,392,000 after purchasing an additional 2,905 shares during the last quarter. Sound Income Strategies LLC increased its stake in shares of iShares Interest Rate Hedged High Yield Bond ETF by 5.7% during the 3rd quarter. Sound Income Strategies LLC now owns 71,365 shares of the company’s stock worth $6,140,000 after purchasing an additional 3,858 shares in the last quarter. Foundations Investment Advisors LLC increased its stake in shares of iShares Interest Rate Hedged High Yield Bond ETF by 4.9% during the 3rd quarter. Foundations Investment Advisors LLC now owns 62,830 shares of the company’s stock worth $5,456,000 after purchasing an additional 2,942 shares in the last quarter. Finally, Envestnet Asset Management Inc. raised its position in shares of iShares Interest Rate Hedged High Yield Bond ETF by 13.6% during the 3rd quarter. Envestnet Asset Management Inc. now owns 60,512 shares of the company’s stock worth $5,255,000 after purchasing an additional 7,222 shares during the last quarter.

iShares Interest Rate Hedged High Yield Bond ETF Stock Performance

HYGH stock opened at $86.40 on Friday. The stock’s 50 day moving average price is $86.49 and its 200 day moving average price is $86.30. The firm has a market cap of $449.28 million, a P/E ratio of 10.74 and a beta of 0.28. iShares Interest Rate Hedged High Yield Bond ETF has a 1 year low of $78.23 and a 1 year high of $87.44.

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.