Kovack Advisors Inc. Purchases New Holdings in iShares Interest Rate Hedged High Yield Bond ETF (NYSEARCA:HYGH)

Kovack Advisors Inc. purchased a new stake in iShares Interest Rate Hedged High Yield Bond ETF (NYSEARCA:HYGH) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 126,284 shares of the company’s stock, valued at approximately $10,905,000. iShares Interest Rate Hedged High Yield Bond ETF makes up 1.1% of Kovack Advisors Inc.’s investment portfolio, making the stock its 14th largest holding. Kovack Advisors Inc. owned 4.51% of iShares Interest Rate Hedged High Yield Bond ETF at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. MinichMacGregor Wealth Management LLC increased its holdings in shares of iShares Interest Rate Hedged High Yield Bond ETF by 5.6% in the fourth quarter. MinichMacGregor Wealth Management LLC now owns 164,434 shares of the company’s stock valued at $14,199,000 after purchasing an additional 8,781 shares in the last quarter. Matauro LLC acquired a new stake in iShares Interest Rate Hedged High Yield Bond ETF during the 4th quarter worth $8,783,000. Rooted Wealth Advisors Inc. acquired a new stake in iShares Interest Rate Hedged High Yield Bond ETF during the 4th quarter worth $8,094,000. Atria Wealth Solutions Inc. grew its holdings in iShares Interest Rate Hedged High Yield Bond ETF by 70.5% during the 4th quarter. Atria Wealth Solutions Inc. now owns 92,818 shares of the company’s stock worth $8,015,000 after acquiring an additional 38,381 shares during the period. Finally, Sound Income Strategies LLC grew its holdings in iShares Interest Rate Hedged High Yield Bond ETF by 4.1% during the 4th quarter. Sound Income Strategies LLC now owns 69,960 shares of the company’s stock worth $6,041,000 after acquiring an additional 2,727 shares during the period.

iShares Interest Rate Hedged High Yield Bond ETF Stock Up 0.2 %

HYGH opened at $87.01 on Thursday. The company has a fifty day moving average price of $86.82 and a two-hundred day moving average price of $86.30. iShares Interest Rate Hedged High Yield Bond ETF has a 52 week low of $81.37 and a 52 week high of $87.69.

iShares Interest Rate Hedged High Yield Bond ETF Company Profile

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.