iShares Interest Rate Hedged Long-Term Corporate Bond ETF (NYSEARCA:IGBH) Trading Higher – Should You Consider Buying?

The iShares Interest Rate Hedged Long-Term Corporate Bond ETF (NYSEARCA:IGBH) experienced a rise of 0.4% during mid-day trading on Friday. The stock reached a high of $24.68 before concluding the session at $24.54. During this trading period, 157,575 shares exchanged hands, marking an impressive increase of 128% compared to the average trading volume of 69,025 shares. Previously, the stock closed at $24.44.

Performance Overview of iShares Interest Rate Hedged Long-Term Corporate Bond ETF

Currently, the stock is positioned with a 50-day simple moving average of $24.40 and a 200-day simple moving average of $24.23. These moving averages provide insight into the stock's performance over different time frames.

Hedge Funds and Institutional Investments

Recent activity from hedge funds reflects varying investment strategies regarding the iShares Interest Rate Hedged Long-Term Corporate Bond ETF. For instance, Goodman Advisory Group LLC significantly boosted its position by 93.4% during the second quarter, acquiring an additional 61,253 shares. This brings their total holdings to 126,841 shares, valued at approximately $3,080,000. Moreover, JPMorgan Chase & Co. initiated a new stake in the ETF during the third quarter, investing around $207,000. Similarly, Janney Montgomery Scott LLC also acquired a new stake in the fund in the fourth quarter, worth about $265,000.

About the iShares Interest Rate Hedged Long-Term Corporate Bond ETF

The iShares Interest Rate Hedged Long-Term Corporate Bond ETF (IGBH), provides investors with exposure to investment-grade fixed income securities. This exchange-traded fund (ETF) is designed to track an index, primarily holding shares from the iShares 10+ Year Investment Grade Corporate Bond ETF (IGLB), and employs derivatives to mitigate interest rate risk.

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ETF, Bonds, Investment