iShares Interest Rate Hedged Long-Term Corporate Bond ETF (NYSEARCA:IGBH) Trading 0.1% Higher – Here’s What Happened

Shares of iShares Interest Rate Hedged Long-Term Corporate Bond ETF (NYSEARCA:IGBH) were up 0.1% on Monday . The stock traded as high as $24.60 and last traded at $24.57. Approximately 29,072 shares traded hands during trading, a decline of 52% from the average daily volume of 60,304 shares. The stock had previously closed at $24.55.

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

The company’s 50 day simple moving average is $24.22 and its two-hundred day simple moving average is $24.27.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in iShares Interest Rate Hedged Long-Term Corporate Bond ETF stock. Goodman Advisory Group LLC boosted its position in iShares Interest Rate Hedged Long-Term Corporate Bond ETF (NYSEARCA:IGBH) by 93.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 126,841 shares of the company’s stock after acquiring an additional 61,253 shares during the quarter. Goodman Advisory Group LLC owned 2.76% of iShares Interest Rate Hedged Long-Term Corporate Bond ETF worth $3,080,000 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.