Kovack Advisors Inc. Makes New $10.91 Million Investment in iShares Interest Rate Hedged High Yield Bond ETF (NYSEARCA:HYGH)

Kovack Advisors Inc. purchased a new position in shares of iShares Interest Rate Hedged High Yield Bond ETF (NYSEARCA:HYGH) during the 4th quarter, Holdings Channel reports. The fund purchased 126,284 shares of the company’s stock, valued at approximately $10,905,000. iShares Interest Rate Hedged High Yield Bond ETF makes up approximately 1.1% of Kovack Advisors Inc.’s investment portfolio, making the stock its 14th largest holding.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Sigma Planning Corp bought a new stake in iShares Interest Rate Hedged High Yield Bond ETF during the 4th quarter worth about $1,469,000. Matauro LLC bought a new stake in iShares Interest Rate Hedged High Yield Bond ETF during the 4th quarter worth about $8,783,000. Capital Advisory Group Advisory Services LLC lifted its position in iShares Interest Rate Hedged High Yield Bond ETF by 113.2% during the 4th quarter. Capital Advisory Group Advisory Services LLC now owns 12,185 shares of the company’s stock worth $1,052,000 after buying an additional 6,469 shares in the last quarter. Global Retirement Partners LLC lifted its position in iShares Interest Rate Hedged High Yield Bond ETF by 151.8% during the 4th quarter. Global Retirement Partners LLC now owns 574 shares of the company’s stock worth $50,000 after buying an additional 346 shares in the last quarter. Finally, Atria Wealth Solutions Inc. raised its holdings in shares of iShares Interest Rate Hedged High Yield Bond ETF by 70.5% in the 4th quarter. Atria Wealth Solutions Inc. now owns 92,818 shares of the company’s stock valued at $8,015,000 after purchasing an additional 38,381 shares during the period.

iShares Interest Rate Hedged High Yield Bond ETF Stock Up 0.2 %

Shares of HYGH stock opened at $87.01 on Thursday. The firm’s 50-day moving average is $86.82 and its 200-day moving average is $86.30. iShares Interest Rate Hedged High Yield Bond ETF has a 52-week low of $81.37 and a 52-week high of $87.69.

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.