AdvisorNet Financial Inc Purchases 22,809 Shares of iShares Interest Rate Hedged High Yield Bond ETF $HYGH

AdvisorNet Financial Inc increased its position in shares of iShares Interest Rate Hedged High Yield Bond ETF (NYSEARCA:HYGH) by 42.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 76,090 shares of the company’s stock after purchasing an additional 22,809 shares during the quarter. AdvisorNet Financial Inc owned approximately 1.46% of iShares Interest Rate Hedged High Yield Bond ETF worth $6,559,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Royal Bank of Canada increased its position in shares of iShares Interest Rate Hedged High Yield Bond ETF by 12.1% during the first quarter. Royal Bank of Canada now owns 15,785 shares of the company’s stock valued at $1,344,000 after acquiring an additional 1,709 shares during the last quarter. Jane Street Group LLC grew its stake in iShares Interest Rate Hedged High Yield Bond ETF by 291.4% in the 1st quarter. Jane Street Group LLC now owns 44,532 shares of the company’s stock valued at $3,794,000 after purchasing an additional 33,154 shares during the period. Cetera Investment Advisers increased its position in shares of iShares Interest Rate Hedged High Yield Bond ETF by 6.6% during the 2nd quarter. Cetera Investment Advisers now owns 5,315 shares of the company’s stock valued at $460,000 after purchasing an additional 329 shares during the last quarter. JPMorgan Chase & Co. bought a new stake in shares of iShares Interest Rate Hedged High Yield Bond ETF during the 2nd quarter worth $424,000. Finally, Northwestern Mutual Wealth Management Co. bought a new stake in shares of iShares Interest Rate Hedged High Yield Bond ETF during the 2nd quarter worth $689,000.

iShares Interest Rate Hedged High Yield Bond ETF Stock Performance

Shares of NYSEARCA:HYGH opened at $85.46 on Friday. The company has a market capitalization of $444.39 million, a P/E ratio of 10.74 and a beta of 0.28. The company’s 50-day moving average is $85.93 and its 200 day moving average is $86.15. iShares Interest Rate Hedged High Yield Bond ETF has a fifty-two week low of $78.23 and a fifty-two week high of $87.19.

iShares Interest Rate Hedged High Yield Bond ETF Profile

The iShares Interest Rate Hedged High Yield Bond ETF (HYGH) is an exchange-traded fund that mostly invests in high yield fixed income. The fund tracks an index that holds the iShares iBoxx USD High Yield Corporate Bond ETF (HYG) that targets USD-denominated corporate high-yield bonds while mitigating interest-rate risk. HYGH was launched on May 27, 2014 and is managed by BlackRock.