Sowell Financial Services LLC Purchases New Holdings in iShares Interest Rate Hedged High Yield Bond ETF $HYGH

Sowell Financial Services LLC acquired a new position in iShares Interest Rate Hedged High Yield Bond ETF (NYSEARCA:HYGH) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 70,260 shares of the company’s stock, valued at approximately $6,016,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Brookstone Capital Management purchased a new position in shares of iShares Interest Rate Hedged High Yield Bond ETF in the third quarter valued at about $709,000. Diversify Advisory Services LLC raised its stake in iShares Interest Rate Hedged High Yield Bond ETF by 136.2% during the 3rd quarter. Diversify Advisory Services LLC now owns 58,351 shares of the company’s stock valued at $4,959,000 after purchasing an additional 33,643 shares during the period. Smithbridge Asset Management Inc. DE bought a new stake in iShares Interest Rate Hedged High Yield Bond ETF during the 3rd quarter valued at approximately $330,000. New Wave Wealth Advisors LLC lifted its holdings in iShares Interest Rate Hedged High Yield Bond ETF by 4.9% in the 3rd quarter. New Wave Wealth Advisors LLC now owns 12,019 shares of the company’s stock worth $1,024,000 after purchasing an additional 559 shares in the last quarter. Finally, Capital Square LLC boosted its position in shares of iShares Interest Rate Hedged High Yield Bond ETF by 27.4% during the third quarter. Capital Square LLC now owns 6,152 shares of the company’s stock worth $527,000 after acquiring an additional 1,323 shares during the last quarter.

iShares Interest Rate Hedged High Yield Bond ETF Trading Down 0.2%

NYSEARCA:HYGH opened at $85.20 on Friday. The business’s 50-day moving average is $85.88 and its 200 day moving average is $86.19. iShares Interest Rate Hedged High Yield Bond ETF has a 12 month low of $84.25 and a 12 month high of $87.19. The company has a market capitalization of $643.26 million, a P/E ratio of 10.74 and a beta of 0.28.

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.