Avantax Advisory Services Inc. Invests $334,000 in ProShares High Yield-Interest Rate Hedged ETF (BATS:HYHG)

Avantax Advisory Services Inc. bought a new position in shares of ProShares High Yield-Interest Rate Hedged ETF (BATS:HYHG) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 5,103 shares of the company’s stock, valued at approximately $334,000.

Other institutional investors have also modified their holdings of the company. International Assets Investment Management LLC purchased a new stake in shares of ProShares High Yield-Interest Rate Hedged ETF during the 4th quarter worth $220,000. Geneos Wealth Management Inc. lifted its stake in shares of ProShares High Yield-Interest Rate Hedged ETF by 9.2% during the 4th quarter. Geneos Wealth Management Inc. now owns 6,372 shares of the company’s stock worth $418,000 after purchasing an additional 537 shares during the period. Empirical Asset Management LLC increased its stake in shares of ProShares High Yield-Interest Rate Hedged ETF by 13.9% during the 4th quarter. Empirical Asset Management LLC now owns 9,407 shares of the company’s stock valued at $617,000 after acquiring an additional 1,146 shares during the last quarter. Global Retirement Partners LLC boosted its holdings in shares of ProShares High Yield-Interest Rate Hedged ETF by 14.9% in the 4th quarter. Global Retirement Partners LLC now owns 9,961 shares of the company’s stock valued at $653,000 after purchasing an additional 1,294 shares during the last quarter. Finally, Commons Capital LLC acquired a new stake in ProShares High Yield-Interest Rate Hedged ETF during the fourth quarter worth about $666,000.

ProShares High Yield-Interest Rate Hedged ETF Stock Down 0.9 %

Shares of ProShares High Yield-Interest Rate Hedged ETF stock opened at $65.13 on Tuesday. The company has a fifty day moving average price of $65.63 and a 200 day moving average price of $65.37. ProShares High Yield-Interest Rate Hedged ETF has a twelve month low of $61.49 and a twelve month high of $66.96.

ProShares High Yield-Interest Rate Hedged ETF Increases Dividend

The firm also recently declared a dividend, which was paid on Friday, March 7th. Investors of record on Monday, March 3rd were paid a $0.373 dividend. This is a boost from ProShares High Yield-Interest Rate Hedged ETF’s previous dividend of $0.37. The ex-dividend date was Monday, March 3rd.

ProShares High Yield-Interest Rate Hedged ETF Profile

The ProShares High Yield—Interest Rate Hedged (HYHG) is an exchange-traded fund that mostly invests in high yield fixed income. The fund tracks a market-value-weighted index that goes long high-yield USD debt from US and Canadian issuers and shorts a duration-matched combination of 2-, 5- and 10-year US Treasurys.