Wells Fargo & Company MN Sells 39,509 Shares of ProShares Investment Grade Interest Rate Hedged (BATS:IGHG)

Wells Fargo & Company MN trimmed its stake in ProShares Investment Grade Interest Rate Hedged (BATS:IGHGFree Report) by 19.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 161,733 shares of the company’s stock after selling 39,509 shares during the period. Wells Fargo & Company MN owned approximately 3.78% of ProShares Investment Grade Interest Rate Hedged worth $12,190,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Spire Wealth Management lifted its stake in ProShares Investment Grade Interest Rate Hedged by 27.8% in the third quarter. Spire Wealth Management now owns 934 shares of the company’s stock worth $69,000 after purchasing an additional 203 shares during the last quarter. Opinicus Capital Inc. purchased a new position in ProShares Investment Grade Interest Rate Hedged during the 4th quarter valued at $367,000. Empirical Financial Services LLC d.b.a. Empirical Wealth Management purchased a new position in ProShares Investment Grade Interest Rate Hedged during the 4th quarter valued at $526,000. Cary Street Partners Investment Advisory LLC increased its stake in ProShares Investment Grade Interest Rate Hedged by 32,282.8% in the fourth quarter. Cary Street Partners Investment Advisory LLC now owns 9,391 shares of the company’s stock worth $698,000 after purchasing an additional 9,362 shares during the period. Finally, International Assets Investment Management LLC bought a new stake in shares of ProShares Investment Grade Interest Rate Hedged during the fourth quarter worth $1,062,000.

ProShares Investment Grade Interest Rate Hedged Price Performance

Shares of IGHG opened at $77.24 on Monday. ProShares Investment Grade Interest Rate Hedged has a 12-month low of $75.13 and a 12-month high of $78.88. The firm has a fifty day moving average price of $76.71 and a 200-day moving average price of $76.19.

ProShares Investment Grade Interest Rate Hedged Increases Dividend

The business also recently announced a dividend, which will be paid on Monday, June 10th. Shareholders of record on Monday, June 3rd will be paid a $0.3424 dividend. This is an increase from ProShares Investment Grade Interest Rate Hedged’s previous dividend of $0.33. The ex-dividend date of this dividend is 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.

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

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