iShares Interest Rate Hedged High Yield Bond ETF (NYSEARCA:HYGH) is MinichMacGregor Wealth Management LLC’s 6th Largest Position

MinichMacGregor Wealth Management LLC grew its stake in iShares Interest Rate Hedged High Yield Bond ETF (NYSEARCA:HYGH) by 5.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 164,434 shares of the company’s stock after buying an additional 8,781 shares during the period. iShares Interest Rate Hedged High Yield Bond ETF accounts for 2.9% of MinichMacGregor Wealth Management LLC’s investment portfolio, making the stock its 6th largest holding. MinichMacGregor Wealth Management LLC owned about 5.87% of iShares Interest Rate Hedged High Yield Bond ETF worth $14,199,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently modified their holdings of the stock. Sunbelt Securities Inc. boosted its holdings in shares of iShares Interest Rate Hedged High Yield Bond ETF by 171.3% in the third quarter. Sunbelt Securities Inc. now owns 293 shares of the company’s stock valued at $25,000 after acquiring an additional 185 shares during the period. Highline Wealth Partners LLC purchased a new position in iShares Interest Rate Hedged High Yield Bond ETF during the 3rd quarter worth $41,000. US Bancorp DE increased its stake in iShares Interest Rate Hedged High Yield Bond ETF by 4,066.7% in the third quarter. US Bancorp DE now owns 1,125 shares of the company’s stock valued at $97,000 after purchasing an additional 1,098 shares during the period. Atomi Financial Group Inc. purchased a new stake in shares of iShares Interest Rate Hedged High Yield Bond ETF in the fourth quarter valued at about $203,000. Finally, Brookstone Capital Management acquired a new stake in shares of iShares Interest Rate Hedged High Yield Bond ETF during the third quarter worth about $215,000.

iShares Interest Rate Hedged High Yield Bond ETF Stock Performance

Shares of HYGH stock opened at $87.34 on Thursday. The stock’s 50-day moving average price is $86.65 and its 200 day moving average price is $85.90. iShares Interest Rate Hedged High Yield Bond ETF has a 52-week low of $81.37 and a 52-week high of $87.69.

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.