Stephens Inc. AR Purchases 11,197 Shares of ProShares Investment Grade Interest Rate Hedged (BATS:IGHG)

Stephens Inc. AR increased its stake in ProShares Investment Grade Interest Rate Hedged (BATS:IGHG) by 21.3% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 63,732 shares of the company’s stock after purchasing an additional 11,197 shares during the quarter. Stephens Inc. AR’s holdings in ProShares Investment Grade Interest Rate Hedged were worth $4,982,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. International Assets Investment Management LLC grew its position in ProShares Investment Grade Interest Rate Hedged by 72,330.5% during the third quarter. International Assets Investment Management LLC now owns 280,306 shares of the company’s stock worth $21,589,000 after buying an additional 279,919 shares in the last quarter. Assetmark Inc. raised its holdings in ProShares Investment Grade Interest Rate Hedged by 392.7% during the 3rd quarter. Assetmark Inc. now owns 132,207 shares of the company’s stock worth $10,183,000 after purchasing an additional 105,373 shares during the last quarter. Merit Financial Group LLC bought a new stake in ProShares Investment Grade Interest Rate Hedged in the fourth quarter worth approximately $1,901,000. MML Investors Services LLC boosted its holdings in ProShares Investment Grade Interest Rate Hedged by 20.9% in the third quarter. MML Investors Services LLC now owns 14,002 shares of the company’s stock worth $1,078,000 after acquiring an additional 2,423 shares in the last quarter. Finally, Rockefeller Capital Management L.P. bought a new stake in shares of ProShares Investment Grade Interest Rate Hedged during the third quarter worth about $802,000.

ProShares Investment Grade Interest Rate Hedged Stock Performance

ProShares Investment Grade Interest Rate Hedged stock opened at $77.94 on Tuesday. The firm’s 50-day simple moving average is $78.20 and its 200 day simple moving average is $77.39. ProShares Investment Grade Interest Rate Hedged has a fifty-two week low of $75.13 and a fifty-two week high of $78.88.

ProShares Investment Grade Interest Rate Hedged Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Friday, February 7th. Investors of record on Monday, February 3rd were paid a $0.3248 dividend. The ex-dividend date of this dividend was Monday, February 3rd.

ProShares Investment Grade Interest Rate Hedged Profile

The ProShares Investment Grade—Interest Rate Hedged (IGHG) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks an index with long exposure to USD-denominated investment-grade debt and short exposure to US Treasurys. The fund aims to minimize interest-rate risk.