Assetmark Inc. Sells 50,718 Shares of ProShares Investment Grade Interest Rate Hedged $IGHG

Assetmark Inc. cut its stake in ProShares Investment Grade Interest Rate Hedged (BATS:IGHG) by 58.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 36,498 shares of the company’s stock after selling 50,718 shares during the period. Assetmark Inc. owned 1.06% of ProShares Investment Grade Interest Rate Hedged worth $2,883,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Geneos Wealth Management Inc. acquired a new position in ProShares Investment Grade Interest Rate Hedged during the 2nd quarter worth $27,000. PNC Financial Services Group Inc. acquired a new position in shares of ProShares Investment Grade Interest Rate Hedged during the second quarter valued at $49,000. SFE Investment Counsel bought a new position in ProShares Investment Grade Interest Rate Hedged in the second quarter valued at about $204,000. Rockport Wealth LLC acquired a new stake in ProShares Investment Grade Interest Rate Hedged in the second quarter worth about $214,000. Finally, B. Riley Wealth Advisors Inc. bought a new stake in ProShares Investment Grade Interest Rate Hedged during the 2nd quarter worth about $242,000.

ProShares Investment Grade Interest Rate Hedged Stock Performance

ProShares Investment Grade Interest Rate Hedged stock opened at $78.33 on Thursday. ProShares Investment Grade Interest Rate Hedged has a 1 year low of $73.91 and a 1 year high of $79.56. The company’s 50-day moving average is $78.58 and its two-hundred day moving average is $78.59.

ProShares Investment Grade Interest Rate Hedged Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, February 6th. Shareholders of record on Monday, February 2nd were issued a dividend of $0.3244 per share. The ex-dividend date of this dividend was Monday, February 2nd. This represents a c) dividend on an annualized basis and a yield of 5.0%. This is a boost 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.