a16z Perennial Management L.P. Takes Position in iShares Interest Rate Hedged High Yield Bond ETF (NYSEARCA:HYGH)

a16z Perennial Management L.P. acquired a new position in iShares Interest Rate Hedged High Yield Bond ETF (NYSEARCA:HYGH) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 21,915 shares of the company’s stock, valued at approximately $1,892,000. iShares Interest Rate Hedged High Yield Bond ETF comprises 0.2% of a16z Perennial Management L.P.’s investment portfolio, making the stock its 19th largest holding. a16z Perennial Management L.P. owned approximately 0.78% of iShares Interest Rate Hedged High Yield Bond ETF as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of HYGH. Sunbelt Securities Inc. lifted its stake in iShares Interest Rate Hedged High Yield Bond ETF by 171.3% during the third quarter. Sunbelt Securities Inc. now owns 293 shares of the company’s stock worth $25,000 after purchasing an additional 185 shares during the last quarter. Global Retirement Partners LLC raised its holdings in shares of iShares Interest Rate Hedged High Yield Bond ETF by 151.8% during the 4th quarter. Global Retirement Partners LLC now owns 574 shares of the company’s stock valued at $50,000 after buying an additional 346 shares in the last quarter. US Bancorp DE lifted its position in iShares Interest Rate Hedged High Yield Bond ETF by 4,066.7% in the 3rd quarter. US Bancorp DE now owns 1,125 shares of the company’s stock worth $97,000 after buying an additional 1,098 shares during the last quarter. Synergy Asset Management LLC purchased a new stake in iShares Interest Rate Hedged High Yield Bond ETF in the fourth quarter worth approximately $122,000. Finally, Atomi Financial Group Inc. bought a new position in iShares Interest Rate Hedged High Yield Bond ETF during the fourth quarter valued at approximately $203,000.

iShares Interest Rate Hedged High Yield Bond ETF Stock Performance

Shares of HYGH opened at $86.09 on Wednesday. iShares Interest Rate Hedged High Yield Bond ETF has a fifty-two week low of $81.37 and a fifty-two week high of $87.69. The firm has a market cap of $451.97 million, a price-to-earnings ratio of 16.15 and a beta of 0.36. The firm has a 50 day moving average price of $86.87 and a 200-day moving average price of $86.36.

About iShares Interest Rate Hedged High Yield Bond ETF

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.