Thrivent Financial for Lutherans Takes Position in iShares Interest Rate Hedged High Yield Bond ETF $HYGH

Thrivent Financial for Lutherans acquired a new stake in iShares Interest Rate Hedged High Yield Bond ETF (NYSEARCA:HYGH) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 10,613 shares of the company’s stock, valued at approximately $922,000.

Other hedge funds also recently added to or reduced their stakes in the company. Inspire Advisors LLC grew its stake in iShares Interest Rate Hedged High Yield Bond ETF by 18.6% during the 3rd quarter. Inspire Advisors LLC now owns 60,225 shares of the company’s stock worth $5,230,000 after purchasing an additional 9,438 shares in the last quarter. Osaic Holdings Inc. boosted its stake in shares of iShares Interest Rate Hedged High Yield Bond ETF by 26.1% in the 2nd quarter. Osaic Holdings Inc. now owns 33,101 shares of the company’s stock valued at $2,861,000 after buying an additional 6,861 shares during the period. Golden State Wealth Management LLC acquired a new position in shares of iShares Interest Rate Hedged High Yield Bond ETF during the second quarter worth about $612,000. Global Retirement Partners LLC acquired a new position in shares of iShares Interest Rate Hedged High Yield Bond ETF during the second quarter worth about $270,000. Finally, Ibex Wealth Advisors increased its stake in shares of iShares Interest Rate Hedged High Yield Bond ETF by 11.1% during the second quarter. Ibex Wealth Advisors now owns 23,139 shares of the company’s stock worth $2,002,000 after buying an additional 2,310 shares during the period.

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

Shares of NYSEARCA:HYGH opened at $86.20 on Monday. iShares Interest Rate Hedged High Yield Bond ETF has a fifty-two week low of $78.23 and a fifty-two week high of $87.49. The firm’s 50 day moving average price is $86.49 and its 200 day moving average price is $86.30. The stock has a market cap of $448.24 million, a price-to-earnings ratio of 10.74 and a beta of 0.28.

iShares Interest Rate Hedged High Yield Bond ETF Company Profile

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.