iShares Interest Rate Hedged Long-Term Corporate Bond ETF (NYSEARCA:IGBH) Trading Up 0.4% – What’s Next?

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

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

The firm has a fifty day moving average of $24.40 and a 200 day moving average of $24.23.

Institutional Trading of iShares Interest Rate Hedged Long-Term Corporate Bond ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in IGBH. JPMorgan Chase & Co. acquired a new stake in shares of iShares Interest Rate Hedged Long-Term Corporate Bond ETF during the third quarter worth about $207,000. Janney Montgomery Scott LLC acquired a new position in shares of iShares Interest Rate Hedged Long-Term Corporate Bond ETF in the 4th quarter valued at $265,000. Finally, Goodman Advisory Group LLC raised its position in iShares Interest Rate Hedged Long-Term Corporate Bond ETF by 93.4% in the 2nd 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 last quarter.

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.