Raymond James Financial Inc. Has $4.47 Million Stock Position in iShares Interest Rate Hedged High Yield Bond ETF $HYGH

Raymond James Financial Inc. lifted its holdings in shares of iShares Interest Rate Hedged High Yield Bond ETF (NYSEARCA:HYGH) by 6.1% in the 1st quarter, HoldingsChannel reports. The fund owned 52,509 shares of the company’s stock after purchasing an additional 3,005 shares during the period. Raymond James Financial Inc.’s holdings in iShares Interest Rate Hedged High Yield Bond ETF were worth $4,474,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Nations Financial Group Inc. IA ADV raised its holdings in shares of iShares Interest Rate Hedged High Yield Bond ETF by 40.7% in the 1st quarter. Nations Financial Group Inc. IA ADV now owns 7,308 shares of the company’s stock worth $623,000 after acquiring an additional 2,114 shares during the last quarter. Heck Capital Advisors LLC bought a new stake in iShares Interest Rate Hedged High Yield Bond ETF in the 1st quarter worth about $721,000. Anfield Capital Management LLC grew its position in iShares Interest Rate Hedged High Yield Bond ETF by 39.0% in the 1st quarter. Anfield Capital Management LLC now owns 1,366 shares of the company’s stock worth $116,000 after purchasing an additional 383 shares in the last quarter. Atria Wealth Solutions Inc. grew its position in iShares Interest Rate Hedged High Yield Bond ETF by 5.9% in the 1st quarter. Atria Wealth Solutions Inc. now owns 98,293 shares of the company’s stock worth $8,375,000 after purchasing an additional 5,475 shares in the last quarter. Finally, Harbour Investments Inc. grew its position in iShares Interest Rate Hedged High Yield Bond ETF by 107.1% in the 1st quarter. Harbour Investments Inc. now owns 377 shares of the company’s stock worth $32,000 after purchasing an additional 195 shares in the last quarter.

iShares Interest Rate Hedged High Yield Bond ETF Stock Performance

Shares of HYGH stock opened at $86.26 on Friday. iShares Interest Rate Hedged High Yield Bond ETF has a 52-week low of $78.23 and a 52-week high of $87.69. The company has a 50-day simple moving average of $86.30 and a two-hundred day simple moving average of $85.55. The company has a market capitalization of $426.99 million, a price-to-earnings ratio of 10.74 and a beta of 0.38.

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.