Comerica Bank Acquires 432 Shares of ProShares Investment Grade Interest Rate Hedged $IGHG

Comerica Bank grew its holdings in shares of ProShares Investment Grade Interest Rate Hedged (BATS:IGHG) by 17.1% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,952 shares of the company’s stock after acquiring an additional 432 shares during the quarter. Comerica Bank owned about 0.08% of ProShares Investment Grade Interest Rate Hedged worth $227,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of IGHG. Private Trust Co. NA raised its holdings in shares of ProShares Investment Grade Interest Rate Hedged by 155.3% during the 1st quarter. Private Trust Co. NA now owns 526 shares of the company’s stock valued at $40,000 after buying an additional 320 shares in the last quarter. Optimum Investment Advisors bought a new stake in ProShares Investment Grade Interest Rate Hedged in the first quarter valued at approximately $47,000. Snowden Capital Advisors LLC bought a new stake in ProShares Investment Grade Interest Rate Hedged in the fourth quarter valued at approximately $235,000. New Century Financial Group LLC bought a new stake in ProShares Investment Grade Interest Rate Hedged in the first quarter valued at approximately $244,000. Finally, Avantax Advisory Services Inc. bought a new stake in ProShares Investment Grade Interest Rate Hedged in the first quarter valued at approximately $249,000.

ProShares Investment Grade Interest Rate Hedged Stock Performance

Shares of IGHG opened at $78.51 on Wednesday. The firm’s 50-day simple moving average is $78.53 and its two-hundred day simple moving average is $77.58. ProShares Investment Grade Interest Rate Hedged has a fifty-two week low of $70.68 and a fifty-two week high of $79.14.

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.