New Wave Wealth Advisors LLC Decreases Stock Holdings in iShares Interest Rate Hedged High Yield Bond ETF $HYGH

New Wave Wealth Advisors LLC reduced its position in shares of iShares Interest Rate Hedged High Yield Bond ETF (NYSEARCA:HYGH) by 63.5% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 17,807 shares of the company’s stock after selling 30,955 shares during the period. New Wave Wealth Advisors LLC’s holdings in iShares Interest Rate Hedged High Yield Bond ETF were worth $1,546,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Matauro LLC raised its position in iShares Interest Rate Hedged High Yield Bond ETF by 6.9% during the 3rd quarter. Matauro LLC now owns 121,327 shares of the company’s stock valued at $10,536,000 after purchasing an additional 7,872 shares during the last quarter. Rooted Wealth Advisors Inc. grew its position in shares of iShares Interest Rate Hedged High Yield Bond ETF by 3.1% in the 3rd quarter. Rooted Wealth Advisors Inc. now owns 97,064 shares of the company’s stock worth $8,392,000 after buying an additional 2,905 shares during the last quarter. Axxcess Wealth Management LLC increased its stake in shares of iShares Interest Rate Hedged High Yield Bond ETF by 431.0% during the second quarter. Axxcess Wealth Management LLC now owns 73,359 shares of the company’s stock valued at $6,348,000 after buying an additional 59,543 shares during the period. Sound Income Strategies LLC raised its holdings in shares of iShares Interest Rate Hedged High Yield Bond ETF by 5.7% during the third quarter. Sound Income Strategies LLC now owns 71,365 shares of the company’s stock valued at $6,140,000 after acquiring an additional 3,858 shares in the last quarter. Finally, Inspire Advisors LLC lifted its stake in iShares Interest Rate Hedged High Yield Bond ETF by 18.6% in the third quarter. Inspire Advisors LLC now owns 60,225 shares of the company’s stock worth $5,230,000 after acquiring an additional 9,438 shares during the period.

iShares Interest Rate Hedged High Yield Bond ETF Stock Up 0.2%

NYSEARCA:HYGH opened at $87.08 on Friday. The firm’s fifty day simple moving average is $86.28 and its 200 day simple moving average is $86.27. The stock has a market cap of $452.82 million, a P/E ratio of 10.74 and a beta of 0.28. iShares Interest Rate Hedged High Yield Bond ETF has a twelve month low of $78.23 and a twelve month high of $87.58.

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. HYGH was launched on May 27, 2014 and is managed by BlackRock.