Cetera Investment Advisers Sells 993 Shares of ProShares Investment Grade Interest Rate Hedged (BATS:IGHG)

Cetera Investment Advisers reduced its stake in ProShares Investment Grade Interest Rate Hedged (BATS:IGHG) by 4.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,055 shares of the company’s stock after selling 993 shares during the period. Cetera Investment Advisers’ holdings in ProShares Investment Grade Interest Rate Hedged were worth $1,607,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. Osaic Holdings Inc. increased its stake in shares of ProShares Investment Grade Interest Rate Hedged by 36.5% during the first quarter. Osaic Holdings Inc. now owns 93,252 shares of the company’s stock valued at $7,136,000 after buying an additional 24,943 shares during the period. Commonwealth Equity Services LLC raised its holdings in shares of ProShares Investment Grade Interest Rate Hedged by 1.2% in the 1st quarter. Commonwealth Equity Services LLC now owns 16,656 shares of the company’s stock valued at $1,274,000 after purchasing an additional 192 shares in the last quarter. Mission Wealth Management LP purchased a new stake in shares of ProShares Investment Grade Interest Rate Hedged in the 1st quarter worth approximately $1,243,000. International Assets Investment Management LLC bought a new position in shares of ProShares Investment Grade Interest Rate Hedged during the second quarter valued at approximately $30,000. Finally, Cetera Advisors LLC increased its holdings in ProShares Investment Grade Interest Rate Hedged by 279.9% during the first quarter. Cetera Advisors LLC now owns 21,051 shares of the company’s stock valued at $1,611,000 after buying an additional 15,510 shares during the period.

ProShares Investment Grade Interest Rate Hedged Stock Performance

ProShares Investment Grade Interest Rate Hedged stock opened at $77.78 on Tuesday. The business has a fifty day moving average of $76.48 and a two-hundred day moving average of $76.50. ProShares Investment Grade Interest Rate Hedged has a twelve month low of $75.13 and a twelve month high of $78.88.

ProShares Investment Grade Interest Rate Hedged Cuts Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, September 10th. Investors of record on Tuesday, September 3rd were paid a dividend of $0.3277 per share. The ex-dividend date of this dividend was Tuesday, September 3rd.

About ProShares Investment Grade Interest Rate Hedged

The ProShares Investment Grade—Interest Rate Hedged (IGHG) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks an index with long exposure to USD-denominated investment-grade debt and short exposure to US Treasurys. The fund aims to minimize interest-rate risk.