Elevation Capital Advisory LLC Makes New $2.83 Million Investment in ProShares Investment Grade Interest Rate Hedged $IGHG

Elevation Capital Advisory LLC purchased a new position in ProShares Investment Grade Interest Rate Hedged (BATS:IGHG) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 36,141 shares of the company’s stock, valued at approximately $2,834,000. Elevation Capital Advisory LLC owned 1.05% of ProShares Investment Grade Interest Rate Hedged as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of IGHG. Royal Bank of Canada boosted its holdings in ProShares Investment Grade Interest Rate Hedged by 68.5% in the 1st quarter. Royal Bank of Canada now owns 18,872 shares of the company’s stock worth $1,451,000 after acquiring an additional 7,671 shares during the period. NewEdge Advisors LLC raised its position in shares of ProShares Investment Grade Interest Rate Hedged by 136.7% in the 1st quarter. NewEdge Advisors LLC now owns 3,950 shares of the company’s stock valued at $304,000 after purchasing an additional 2,281 shares in the last quarter. Jane Street Group LLC acquired a new position in shares of ProShares Investment Grade Interest Rate Hedged in the 2nd quarter valued at approximately $1,221,000. Ameriprise Financial Inc. raised its position in shares of ProShares Investment Grade Interest Rate Hedged by 32.2% in the 2nd quarter. Ameriprise Financial Inc. now owns 274,952 shares of the company’s stock valued at $21,523,000 after purchasing an additional 66,985 shares in the last quarter. Finally, Bank of America Corp DE raised its position in shares of ProShares Investment Grade Interest Rate Hedged by 1.3% in the 2nd quarter. Bank of America Corp DE now owns 193,771 shares of the company’s stock valued at $15,182,000 after purchasing an additional 2,481 shares in the last quarter.

ProShares Investment Grade Interest Rate Hedged Stock Up 0.4%

Shares of IGHG opened at $78.41 on Thursday. The business’s 50 day moving average is $77.85 and its two-hundred day moving average is $78.32. ProShares Investment Grade Interest Rate Hedged has a 52-week low of $75.85 and a 52-week high of $79.56.

ProShares Investment Grade Interest Rate Hedged Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, March 6th. Shareholders of record on Monday, March 2nd were given a $0.3322 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 5.1%. The ex-dividend date of this dividend was Monday, March 2nd. This is a positive change from ProShares Investment Grade Interest Rate Hedged’s previous monthly dividend of $0.32.

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. IGHG was launched on Nov 5, 2013 and is managed by ProShares.