iShares Interest Rate Hedged Long-Term Corporate Bond ETF (NYSEARCA:IGBH) Stock Price Down 0%

iShares Interest Rate Hedged Long-Term Corporate Bond ETF (NYSEARCA:IGBH)’s stock price traded down 0% during mid-day trading on Tuesday . The stock traded as low as $24.33 and last traded at $24.39. 21,135 shares were traded during mid-day trading, a decline of 52% from the average session volume of 43,942 shares. The stock had previously closed at $24.40.

iShares Interest Rate Hedged Long-Term Corporate Bond ETF Stock Performance

The stock has a 50 day simple moving average of $24.44 and a 200-day simple moving average of $24.26.

Institutional Investors Weigh In On iShares Interest Rate Hedged Long-Term Corporate Bond ETF

Hedge funds and other institutional investors have recently modified their holdings of the stock. Cambridge Investment Research Advisors Inc. bought a new stake in iShares Interest Rate Hedged Long-Term Corporate Bond ETF during the 1st quarter valued at approximately $247,000. Laffer Tengler Investments raised its position in shares of iShares Interest Rate Hedged Long-Term Corporate Bond ETF by 194.8% during the first quarter. Laffer Tengler Investments now owns 14,725 shares of the company’s stock valued at $355,000 after buying an additional 9,730 shares during the last quarter. Finally, Industrial Alliance Investment Management Inc. purchased a new position in shares of iShares Interest Rate Hedged Long-Term Corporate Bond ETF in the first quarter worth $3,617,000.

About iShares Interest Rate Hedged Long-Term Corporate Bond ETF

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.