Prospect Financial Services LLC Purchases New Position in ProShares Investment Grade Interest Rate Hedged (BATS:IGHG)

Prospect Financial Services LLC acquired a new position in ProShares Investment Grade Interest Rate Hedged (BATS:IGHGFree Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 2,680 shares of the company’s stock, valued at approximately $202,000. Prospect Financial Services LLC owned about 0.06% of ProShares Investment Grade Interest Rate Hedged at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in IGHG. Empirical Financial Services LLC d.b.a. Empirical Wealth Management purchased a new position in ProShares Investment Grade Interest Rate Hedged in the fourth quarter worth about $526,000. UBS Group AG increased its position in shares of ProShares Investment Grade Interest Rate Hedged by 19.7% during the 3rd quarter. UBS Group AG now owns 71,768 shares of the company’s stock valued at $5,314,000 after purchasing an additional 11,798 shares during the last quarter. Mutual Advisors LLC raised its holdings in ProShares Investment Grade Interest Rate Hedged by 43.4% during the 3rd quarter. Mutual Advisors LLC now owns 15,762 shares of the company’s stock valued at $1,167,000 after buying an additional 4,770 shares during the period. International Assets Investment Management LLC bought a new stake in ProShares Investment Grade Interest Rate Hedged in the fourth quarter worth $1,062,000. Finally, Capital Analysts LLC boosted its stake in ProShares Investment Grade Interest Rate Hedged by 4.4% during the fourth quarter. Capital Analysts LLC now owns 15,852 shares of the company’s stock worth $1,195,000 after buying an additional 671 shares during the period.

ProShares Investment Grade Interest Rate Hedged Trading Down 0.3 %

Shares of IGHG traded down $0.21 during midday trading on Friday, hitting $76.09. The stock had a trading volume of 10,371 shares. The stock’s 50 day moving average is $76.71 and its 200 day moving average is $76.26. ProShares Investment Grade Interest Rate Hedged has a 1 year low of $75.13 and a 1 year high of $78.88.

ProShares Investment Grade Interest Rate Hedged Increases Dividend

The company also recently declared a dividend, which was paid on Monday, June 10th. Investors of record on Monday, June 3rd were issued a dividend of $0.3424 per share. This is an increase from ProShares Investment Grade Interest Rate Hedged’s previous dividend of $0.33. The ex-dividend date was Monday, June 3rd.

ProShares Investment Grade Interest Rate Hedged Profile

(Free Report)

The ProShares Investment Grade—Interest Rate Hedged (IGHG) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks an index with long exposure to USD-denominated investment-grade debt and short exposure to US Treasurys. The fund aims to minimize interest-rate risk.

See Also

Institutional Ownership by Quarter for ProShares Investment Grade Interest Rate Hedged (BATS:IGHG)

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