iShares Interest Rate Hedged Long-Term Corporate Bond ETF (NYSEARCA:IGBH) Shares Down 0.5% – Here’s Why

Shares of iShares Interest Rate Hedged Long-Term Corporate Bond ETF (NYSEARCA:IGBH) traded down 0.5% during mid-day trading on Tuesday . The stock traded as low as $24.68 and last traded at $24.69. 39,430 shares traded hands during mid-day trading, a decline of 52% from the average session volume of 81,748 shares. The stock had previously closed at $24.81.

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

The company has a 50-day moving average of $24.40 and a 200-day moving average of $24.50.

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

An institutional investor recently raised its position in iShares Interest Rate Hedged Long-Term Corporate Bond ETF stock. JPMorgan Chase & Co. boosted its stake in iShares Interest Rate Hedged Long-Term Corporate Bond ETF (NYSEARCA:IGBH) by 141.3% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,555 shares of the company’s stock after acquiring an additional 2,082 shares during the period. JPMorgan Chase & Co. owned 0.08% of iShares Interest Rate Hedged Long-Term Corporate Bond ETF worth $86,000 as of its most recent SEC filing.

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. IGBH was launched on Jul 22, 2015 and is managed by BlackRock.