Wells Fargo & Company MN Has $5.14 Million Holdings in ProShares High Yield-Interest Rate Hedged ETF (BATS:HYHG)

Wells Fargo & Company MN grew its stake in ProShares High Yield-Interest Rate Hedged ETF (BATS:HYHG) by 2.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 78,458 shares of the company’s stock after purchasing an additional 1,779 shares during the period. Wells Fargo & Company MN owned about 3.68% of ProShares High Yield-Interest Rate Hedged ETF worth $5,142,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in HYHG. International Assets Investment Management LLC bought a new position in ProShares High Yield-Interest Rate Hedged ETF in the fourth quarter worth $220,000. Avantax Advisory Services Inc. bought a new position in shares of ProShares High Yield-Interest Rate Hedged ETF during the 4th quarter worth about $334,000. Geneos Wealth Management Inc. boosted its position in shares of ProShares High Yield-Interest Rate Hedged ETF by 9.2% during the 4th quarter. Geneos Wealth Management Inc. now owns 6,372 shares of the company’s stock valued at $418,000 after acquiring an additional 537 shares in the last quarter. Empirical Asset Management LLC increased its stake in ProShares High Yield-Interest Rate Hedged ETF by 13.9% in the fourth quarter. Empirical Asset Management LLC now owns 9,407 shares of the company’s stock valued at $617,000 after acquiring an additional 1,146 shares during the period. Finally, Global Retirement Partners LLC raised its position in ProShares High Yield-Interest Rate Hedged ETF by 14.9% in the fourth quarter. Global Retirement Partners LLC now owns 9,961 shares of the company’s stock worth $653,000 after purchasing an additional 1,294 shares in the last quarter.

ProShares High Yield-Interest Rate Hedged ETF Stock Performance

Shares of HYHG opened at $62.48 on Monday. The company has a 50-day moving average price of $64.34 and a two-hundred day moving average price of $65.16. ProShares High Yield-Interest Rate Hedged ETF has a 12 month low of $59.66 and a 12 month high of $66.96.

ProShares High Yield-Interest Rate Hedged ETF Increases Dividend

The business also recently announced a dividend, which was paid on Friday, March 7th. Investors of record on Monday, March 3rd were given a dividend of $0.373 per share. The ex-dividend date of this dividend was Monday, March 3rd. This is an increase from ProShares High Yield-Interest Rate Hedged ETF’s previous dividend of $0.37.

ProShares High Yield-Interest Rate Hedged ETF Company Profile

The ProShares High Yield—Interest Rate Hedged (HYHG) is an exchange-traded fund that mostly invests in high yield fixed income. The fund tracks a market-value-weighted index that goes long high-yield USD debt from US and Canadian issuers and shorts a duration-matched combination of 2-, 5- and 10-year US Treasurys.