TBH Global Asset Management LLC Makes New Investment in ProShares Investment Grade Interest Rate Hedged (BATS:IGHG)

TBH Global Asset Management LLC purchased a new position in shares of ProShares Investment Grade Interest Rate Hedged (BATS:IGHG) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 5,416 shares of the company’s stock, valued at approximately $414,000. TBH Global Asset Management LLC owned approximately 0.14% of ProShares Investment Grade Interest Rate Hedged as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Trademark Financial Management LLC acquired a new stake in shares of ProShares Investment Grade Interest Rate Hedged in the fourth quarter valued at $520,000. Stephens Inc. AR increased its holdings in ProShares Investment Grade Interest Rate Hedged by 21.3% during the 4th quarter. Stephens Inc. AR now owns 63,732 shares of the company’s stock worth $4,982,000 after purchasing an additional 11,197 shares during the period. Merit Financial Group LLC acquired a new stake in ProShares Investment Grade Interest Rate Hedged in the 4th quarter valued at about $1,901,000. Empirical Asset Management LLC boosted its stake in shares of ProShares Investment Grade Interest Rate Hedged by 6.5% in the 4th quarter. Empirical Asset Management LLC now owns 7,261 shares of the company’s stock valued at $568,000 after buying an additional 442 shares during the period. Finally, B. Riley Wealth Advisors Inc. boosted its stake in shares of ProShares Investment Grade Interest Rate Hedged by 4.1% in the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 4,176 shares of the company’s stock valued at $324,000 after buying an additional 165 shares during the period.

ProShares Investment Grade Interest Rate Hedged Stock Performance

IGHG stock opened at $78.21 on Thursday. The company’s 50 day moving average price is $78.23 and its 200 day moving average price is $77.48. 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 company also recently declared a dividend, which was paid on Friday, February 7th. Shareholders of record on Monday, February 3rd were issued a dividend of $0.3248 per share. 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.