Partners Wealth Management LLC Makes New Investment in ProShares Investment Grade Interest Rate Hedged (BATS:IGHG)

Partners Wealth Management LLC bought a new position in shares of ProShares Investment Grade Interest Rate Hedged (BATS:IGHG) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 8,787 shares of the company’s stock, valued at approximately $687,000. Partners Wealth Management LLC owned about 0.23% of ProShares Investment Grade Interest Rate Hedged as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. B. Riley Wealth Advisors Inc. boosted its position in ProShares Investment Grade Interest Rate Hedged by 4.1% in the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 4,176 shares of the company’s stock valued at $324,000 after buying an additional 165 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new position in ProShares Investment Grade Interest Rate Hedged in the third quarter valued at about $25,000. Empirical Asset Management LLC increased its position in ProShares Investment Grade Interest Rate Hedged by 6.5% in the fourth quarter. Empirical Asset Management LLC now owns 7,261 shares of the company’s stock worth $568,000 after purchasing an additional 442 shares during the period. MML Investors Services LLC raised its holdings in ProShares Investment Grade Interest Rate Hedged by 20.9% during the 3rd quarter. MML Investors Services LLC now owns 14,002 shares of the company’s stock worth $1,078,000 after purchasing an additional 2,423 shares during the last quarter. Finally, Stephens Inc. AR lifted its position in ProShares Investment Grade Interest Rate Hedged by 4.9% during the 3rd quarter. Stephens Inc. AR now owns 52,535 shares of the company’s stock valued at $4,046,000 after purchasing an additional 2,439 shares during the period.

ProShares Investment Grade Interest Rate Hedged Stock Performance

Shares of BATS IGHG opened at $78.01 on Monday. The company’s 50 day simple moving average is $78.22 and its 200 day simple moving average is $77.54. ProShares Investment Grade Interest Rate Hedged has a fifty-two week low of $75.13 and a fifty-two week high of $78.88.

ProShares Investment Grade Interest Rate Hedged Cuts Dividend

The company also recently disclosed a dividend, which was paid on Friday, February 7th. Investors of record on Monday, February 3rd were issued a dividend of $0.3248 per share. The ex-dividend date of this dividend was Monday, February 3rd.

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.