AXS Investments LLC Acquires 10,091 Shares of iShares Interest Rate Hedged High Yield Bond ETF $HYGH

AXS Investments LLC increased its holdings in shares of iShares Interest Rate Hedged High Yield Bond ETF (NYSEARCA:HYGH) by 55.2% during the 1st quarter, Holdings Channel reports. The institutional investor owned 28,387 shares of the company’s stock after acquiring an additional 10,091 shares during the quarter. iShares Interest Rate Hedged High Yield Bond ETF comprises about 1.0% of AXS Investments LLC’s holdings, making the stock its 20th largest position. AXS Investments LLC’s holdings in iShares Interest Rate Hedged High Yield Bond ETF were worth $2,430,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Advisory Services Network LLC acquired a new stake in iShares Interest Rate Hedged High Yield Bond ETF in the third quarter valued at $58,000. Anfield Capital Management LLC grew its position in shares of iShares Interest Rate Hedged High Yield Bond ETF by 39.1% in the 4th quarter. Anfield Capital Management LLC now owns 1,971 shares of the company’s stock valued at $170,000 after buying an additional 554 shares during the last quarter. OxenFree Capital LLC bought a new stake in shares of iShares Interest Rate Hedged High Yield Bond ETF in the 1st quarter valued at about $202,000. Van Diest Capital LLC acquired a new stake in shares of iShares Interest Rate Hedged High Yield Bond ETF in the fourth quarter valued at about $210,000. Finally, Strategic Blueprint LLC acquired a new stake in shares of iShares Interest Rate Hedged High Yield Bond ETF in the fourth quarter valued at about $212,000.

iShares Interest Rate Hedged High Yield Bond ETF Price Performance

Shares of HYGH opened at $86.54 on Friday. iShares Interest Rate Hedged High Yield Bond ETF has a 1 year low of $84.78 and a 1 year high of $87.19. The company has a market capitalization of $566.84 million, a price-to-earnings ratio of 10.74 and a beta of 0.27. The business has a 50-day moving average of $86.51 and a 200-day moving average of $86.28.

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.