International Assets Investment Management LLC Makes New $1.06 Million Investment in ProShares Investment Grade Interest Rate Hedged (BATS:IGHG)

International Assets Investment Management LLC purchased a new stake in ProShares Investment Grade Interest Rate Hedged (BATS:IGHG) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 14,094 shares of the company’s stock, valued at approximately $1,062,000. International Assets Investment Management LLC owned approximately 0.33% of ProShares Investment Grade Interest Rate Hedged at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in IGHG. Spire Wealth Management raised its holdings in ProShares Investment Grade Interest Rate Hedged by 27.8% in the 3rd quarter. Spire Wealth Management now owns 934 shares of the company’s stock valued at $69,000 after acquiring an additional 203 shares in the last quarter. Simplex Trading LLC acquired a new position in ProShares Investment Grade Interest Rate Hedged in the third quarter valued at about $70,000. Commons Capital LLC bought a new stake in ProShares Investment Grade Interest Rate Hedged during the third quarter worth about $205,000. TBH Global Asset Management LLC acquired a new stake in ProShares Investment Grade Interest Rate Hedged during the third quarter worth about $402,000. Finally, Commonwealth Equity Services LLC increased its holdings in ProShares Investment Grade Interest Rate Hedged by 3.4% in the 3rd quarter. Commonwealth Equity Services LLC now owns 15,413 shares of the company’s stock valued at $1,141,000 after buying an additional 512 shares during the period.

ProShares Investment Grade Interest Rate Hedged Stock Performance

Shares of BATS:IGHG opened at $76.65 on Tuesday. The firm has a 50 day moving average of $76.38 and a 200-day moving average of $75.62. ProShares Investment Grade Interest Rate Hedged has a 12 month low of $75.13 and a 12 month high of $78.88.

ProShares Investment Grade Interest Rate Hedged Increases Dividend

The company also recently disclosed a dividend, which was paid on Monday, April 8th. Shareholders of record on Tuesday, April 2nd were given a dividend of $0.3302 per share. This is an increase from ProShares Investment Grade Interest Rate Hedged’s previous dividend of $0.32. The ex-dividend date was Monday, April 1st.

About ProShares Investment Grade Interest Rate Hedged

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.