New Wave Wealth Advisors LLC Cuts Stake in iShares Interest Rate Hedged High Yield Bond ETF (NYSEARCA:HYGH)

New Wave Wealth Advisors LLC lessened its stake in shares of iShares Interest Rate Hedged High Yield Bond ETF (NYSEARCA:HYGH) by 4.4% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 47,077 shares of the company’s stock after selling 2,174 shares during the quarter. iShares Interest Rate Hedged High Yield Bond ETF makes up about 1.7% of New Wave Wealth Advisors LLC’s portfolio, making the stock its 16th largest position. New Wave Wealth Advisors LLC’s holdings in iShares Interest Rate Hedged High Yield Bond ETF were worth $4,065,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the stock. Jane Street Group LLC increased its stake in shares of iShares Interest Rate Hedged High Yield Bond ETF by 345.0% during the 3rd quarter. Jane Street Group LLC now owns 28,487 shares of the company’s stock worth $2,457,000 after purchasing an additional 22,085 shares during the last quarter. Brookstone Capital Management grew its stake in iShares Interest Rate Hedged High Yield Bond ETF by 54.9% in the 4th quarter. Brookstone Capital Management now owns 3,869 shares of the company’s stock valued at $334,000 after buying an additional 1,372 shares in the last quarter. Atomi Financial Group Inc. bought a new stake in iShares Interest Rate Hedged High Yield Bond ETF during the 4th quarter valued at $203,000. US Bancorp DE lifted its position in shares of iShares Interest Rate Hedged High Yield Bond ETF by 4,066.7% during the third quarter. US Bancorp DE now owns 1,125 shares of the company’s stock worth $97,000 after acquiring an additional 1,098 shares in the last quarter. Finally, Envestnet Asset Management Inc. boosted its holdings in shares of iShares Interest Rate Hedged High Yield Bond ETF by 42.9% in the second quarter. Envestnet Asset Management Inc. now owns 44,289 shares of the company’s stock worth $3,765,000 after acquiring an additional 13,287 shares during the period.

iShares Interest Rate Hedged High Yield Bond ETF Trading Up 0.1 %

NYSEARCA:HYGH opened at $87.36 on Friday. The business’s fifty day moving average is $86.72 and its 200 day moving average is $85.99. iShares Interest Rate Hedged High Yield Bond ETF has a 52-week low of $81.37 and a 52-week high of $87.69.

About iShares Interest Rate Hedged High Yield Bond ETF

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.