Sowell Financial Services LLC Buys 70,260 Shares of iShares Interest Rate Hedged High Yield Bond ETF $HYGH

Sowell Financial Services LLC bought a new position in shares of iShares Interest Rate Hedged High Yield Bond ETF (NYSEARCA:HYGH) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 70,260 shares of the company’s stock, valued at approximately $6,016,000. Sowell Financial Services LLC owned approximately 0.91% of iShares Interest Rate Hedged High Yield Bond ETF as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. New Wave Wealth Advisors LLC raised its stake in iShares Interest Rate Hedged High Yield Bond ETF by 4.9% in the third quarter. New Wave Wealth Advisors LLC now owns 12,019 shares of the company’s stock valued at $1,024,000 after purchasing an additional 559 shares in the last quarter. Brookstone Capital Management grew its stake in iShares Interest Rate Hedged High Yield Bond ETF by 16.9% during the first quarter. Brookstone Capital Management now owns 6,537 shares of the company’s stock worth $560,000 after buying an additional 947 shares in the last quarter. Focus Financial Network Inc. increased its holdings in iShares Interest Rate Hedged High Yield Bond ETF by 2.6% in the 3rd quarter. Focus Financial Network Inc. now owns 37,957 shares of the company’s stock valued at $3,250,000 after buying an additional 961 shares during the period. Integrated Wealth Concepts LLC bought a new position in iShares Interest Rate Hedged High Yield Bond ETF in the 2nd quarter valued at about $87,000. Finally, Trademark Financial Management LLC increased its holdings in iShares Interest Rate Hedged High Yield Bond ETF by 40.1% in the 1st quarter. Trademark Financial Management LLC now owns 3,578 shares of the company’s stock valued at $306,000 after buying an additional 1,025 shares during the period.

iShares Interest Rate Hedged High Yield Bond ETF Trading Up 0.1%

Shares of NYSEARCA:HYGH opened at $84.80 on Wednesday. The firm has a 50 day moving average of $86.09 and a 200-day moving average of $86.30. The stock has a market capitalization of $652.96 million, a PE ratio of 10.74 and a beta of 0.28. iShares Interest Rate Hedged High Yield Bond ETF has a 12 month low of $84.25 and a 12 month high of $87.19.

About iShares Interest Rate Hedged High Yield Bond ETF

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.