KKM Financial LLC Boosts Stake in ProShares Investment Grade Interest Rate Hedged (BATS:IGHG)

KKM Financial LLC increased its holdings in ProShares Investment Grade Interest Rate Hedged (BATS:IGHG) by 138.6% in the 3rd quarter, Holdings Channel reports. The fund owned 6,763 shares of the company’s stock after buying an additional 3,928 shares during the quarter. KKM Financial LLC’s holdings in ProShares Investment Grade Interest Rate Hedged were worth $521,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. International Assets Investment Management LLC bought a new position in ProShares Investment Grade Interest Rate Hedged in the 2nd quarter worth $30,000. Hyperion Partners LLC increased its stake in ProShares Investment Grade Interest Rate Hedged by 69.9% during the second quarter. Hyperion Partners LLC now owns 4,656 shares of the company’s stock worth $355,000 after acquiring an additional 1,916 shares during the last quarter. Empirical Asset Management LLC purchased a new stake in ProShares Investment Grade Interest Rate Hedged during the 3rd quarter valued at $525,000. Duncan Williams Asset Management LLC bought a new stake in shares of ProShares Investment Grade Interest Rate Hedged in the 3rd quarter worth about $735,000. Finally, Cetera Advisors LLC lifted its stake in ProShares Investment Grade Interest Rate Hedged by 279.9% in the first quarter. Cetera Advisors LLC now owns 21,051 shares of the company’s stock worth $1,611,000 after purchasing an additional 15,510 shares during the last quarter.

ProShares Investment Grade Interest Rate Hedged Price Performance

Shares of IGHG opened at $77.97 on Friday. ProShares Investment Grade Interest Rate Hedged has a 12-month low of $75.13 and a 12-month high of $78.88. The firm has a fifty day moving average price of $77.51 and a 200-day moving average price of $76.74.

ProShares Investment Grade Interest Rate Hedged Cuts Dividend

The business also recently announced a dividend, which was paid on Tuesday, September 10th. Shareholders of record on Tuesday, September 3rd were given a dividend of $0.3277 per share. The ex-dividend date was Tuesday, September 3rd.

About ProShares Investment Grade Interest Rate Hedged

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.