iShares Interest Rate Hedged Long-Term Corporate Bond ETF (NYSEARCA:IGBH) Shares Up 0% – Here’s What Happened

Shares of iShares Interest Rate Hedged Long-Term Corporate Bond ETF (NYSEARCA:IGBH) shot up 0% on Wednesday . The company traded as high as $24.39 and last traded at $24.39. 54,175 shares changed hands during mid-day trading, a decline of 32% from the average daily volume of 79,104 shares. The stock had previously closed at $24.38.

iShares Interest Rate Hedged Long-Term Corporate Bond ETF Trading Up 0.0%

The firm’s 50 day moving average is $24.60 and its two-hundred day moving average is $24.50.

Institutional Inflows and Outflows

An institutional investor recently raised its stake in iShares Interest Rate Hedged Long-Term Corporate Bond ETF stock. JPMorgan Chase & Co. boosted its stake in shares of iShares Interest Rate Hedged Long-Term Corporate Bond ETF (NYSEARCA:IGBH) by 141.3% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,555 shares of the company’s stock after purchasing an additional 2,082 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.08% of iShares Interest Rate Hedged Long-Term Corporate Bond ETF worth $86,000 as of its most recent SEC filing.

iShares Interest Rate Hedged Long-Term Corporate Bond ETF Company Profile

The iShares Interest Rate Hedged Long-Term Corporate Bond ETF (IGBH) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks an index that holds the iShares 10+ Year Investment Grade Corporate Bond ETF (IGLB) and uses derivatives to hedge out interest rate risk. IGBH was launched on Jul 22, 2015 and is managed by BlackRock.