iShares Interest Rate Hedged Long-Term Corporate Bond ETF (NYSEARCA:IGBH) Stock Price Up 0.1% – Time to Buy?

iShares Interest Rate Hedged Long-Term Corporate Bond ETF (NYSEARCA:IGBH) shot up 0.1% during mid-day trading on Friday . The stock traded as high as $24.56 and last traded at $24.56. 75,849 shares traded hands during mid-day trading, an increase of 60% from the average session volume of 47,349 shares. The stock had previously closed at $24.53.

iShares Interest Rate Hedged Long-Term Corporate Bond ETF Trading Up 0.1%

The business has a 50-day moving average price of $24.41 and a 200-day moving average price of $24.03.

Institutional Investors Weigh In On iShares Interest Rate Hedged Long-Term Corporate Bond ETF

Several institutional investors have recently added to or reduced their stakes in the business. Goodman Advisory Group LLC purchased a new stake in shares of iShares Interest Rate Hedged Long-Term Corporate Bond ETF during the second quarter worth about $64,000. JPMorgan Chase & Co. boosted its stake in iShares Interest Rate Hedged Long-Term Corporate Bond ETF by 141.3% in the 2nd quarter. JPMorgan Chase & Co. now owns 3,555 shares of the company’s stock worth $86,000 after purchasing an additional 2,082 shares in the last quarter. Janney Montgomery Scott LLC grew its position in iShares Interest Rate Hedged Long-Term Corporate Bond ETF by 19.0% during the 1st quarter. Janney Montgomery Scott LLC now owns 12,964 shares of the company’s stock worth $311,000 after purchasing an additional 2,074 shares during the last quarter. Finally, Ameriflex Group Inc. grew its position in iShares Interest Rate Hedged Long-Term Corporate Bond ETF by 21.1% during the 2nd quarter. Ameriflex Group Inc. now owns 6,525 shares of the company’s stock worth $156,000 after purchasing an additional 1,135 shares during the last quarter.

iShares Interest Rate Hedged Long-Term Corporate Bond ETF Company Profile

The iShares Interest Rate Hedged Long-Term Corporate Bond ETF (IGBH) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks an index that holds the iShares 10+ Year Investment Grade Corporate Bond ETF (IGLB) and uses derivatives to hedge out interest rate risk.