Raymond James Financial Inc. Purchases Shares of 49,504 iShares Interest Rate Hedged High Yield Bond ETF (NYSEARCA:HYGH)

Raymond James Financial Inc. acquired a new stake in iShares Interest Rate Hedged High Yield Bond ETF (NYSEARCA:HYGH) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 49,504 shares of the company’s stock, valued at approximately $4,275,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. a16z Perennial Management L.P. purchased a new position in shares of iShares Interest Rate Hedged High Yield Bond ETF during the fourth quarter valued at approximately $1,892,000. Meridian Wealth Management LLC bought a new stake in iShares Interest Rate Hedged High Yield Bond ETF in the fourth quarter valued at $219,000. Kovack Advisors Inc. purchased a new position in iShares Interest Rate Hedged High Yield Bond ETF during the 4th quarter valued at $10,905,000. Sigma Planning Corp bought a new position in iShares Interest Rate Hedged High Yield Bond ETF in the 4th quarter worth $1,469,000. Finally, Matauro LLC bought a new position in iShares Interest Rate Hedged High Yield Bond ETF in the 4th quarter worth $8,783,000.

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

Shares of HYGH opened at $85.91 on Thursday. iShares Interest Rate Hedged High Yield Bond ETF has a 1-year low of $81.37 and a 1-year high of $87.69. The firm’s 50-day moving average price is $86.65 and its 200-day moving average price is $86.42. The firm has a market capitalization of $438.14 million, a price-to-earnings ratio of 10.88 and a beta of 0.36.

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.