iShares Interest Rate Hedged Long-Term Corporate Bond ETF (NYSEARCA:IGBH) Trading 0.2% Higher – Here’s Why

iShares Interest Rate Hedged Long-Term Corporate Bond ETF (NYSEARCA:IGBH)’s share price traded up 0.2% during trading on Wednesday . The stock traded as high as $24.37 and last traded at $24.36. Approximately 64,792 shares were traded during mid-day trading, a decline of 27% from the average session volume of 88,654 shares. The stock had previously closed at $24.32.

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

The stock has a 50 day moving average price of $24.50 and a 200 day moving average price of $24.45.

Institutional Investors Weigh In On iShares Interest Rate Hedged Long-Term Corporate Bond ETF

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

About iShares Interest Rate Hedged Long-Term Corporate Bond ETF

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.