Envestnet Asset Management Inc. Acquires 366 Shares of ProShares Investment Grade Interest Rate Hedged (BATS:IGHG)

Envestnet Asset Management Inc. grew its holdings in shares of ProShares Investment Grade Interest Rate Hedged (BATS:IGHG) by 4.4% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 8,621 shares of the company’s stock after buying an additional 366 shares during the period. Envestnet Asset Management Inc. owned approximately 0.23% of ProShares Investment Grade Interest Rate Hedged worth $674,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of IGHG. LPL Financial LLC boosted its stake in ProShares Investment Grade Interest Rate Hedged by 5.0% during the fourth quarter. LPL Financial LLC now owns 165,957 shares of the company’s stock worth $12,973,000 after acquiring an additional 7,835 shares in the last quarter. Wells Fargo & Company MN increased its position in ProShares Investment Grade Interest Rate Hedged by 12.8% in the 4th quarter. Wells Fargo & Company MN now owns 117,835 shares of the company’s stock valued at $9,211,000 after buying an additional 13,358 shares in the last quarter. Elevation Capital Advisory LLC acquired a new position in ProShares Investment Grade Interest Rate Hedged during the 4th quarter worth approximately $5,727,000. Stephens Inc. AR boosted its holdings in ProShares Investment Grade Interest Rate Hedged by 21.3% in the fourth quarter. Stephens Inc. AR now owns 63,732 shares of the company’s stock worth $4,982,000 after acquiring an additional 11,197 shares in the last quarter. Finally, Capital Advisors Ltd. LLC grew its stake in ProShares Investment Grade Interest Rate Hedged by 22.5% in the fourth quarter. Capital Advisors Ltd. LLC now owns 28,573 shares of the company’s stock valued at $2,234,000 after acquiring an additional 5,257 shares during the period.

ProShares Investment Grade Interest Rate Hedged Stock Performance

BATS IGHG opened at $76.40 on Friday. ProShares Investment Grade Interest Rate Hedged has a 52 week low of $70.68 and a 52 week high of $79.14. The business has a 50 day moving average price of $76.57 and a 200-day moving average price of $77.55.

ProShares Investment Grade Interest Rate Hedged Increases Dividend

The firm also recently declared a dividend, which was paid on Friday, March 7th. Shareholders of record on Monday, March 3rd were given a dividend of $0.3399 per share. This is a boost from ProShares Investment Grade Interest Rate Hedged’s previous dividend of $0.32. The ex-dividend date was Monday, March 3rd.

ProShares Investment Grade Interest Rate Hedged Profile

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.