Fortress Wealth Management Inc. Has $519,000 Holdings in ProShares Investment Grade Interest Rate Hedged (BATS:IGHG)

Fortress Wealth Management Inc. decreased its position in ProShares Investment Grade Interest Rate Hedged (BATS:IGHG) by 6.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,646 shares of the company’s stock after selling 454 shares during the quarter. Fortress Wealth Management Inc. owned 0.17% of ProShares Investment Grade Interest Rate Hedged worth $519,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of IGHG. Wilmington Savings Fund Society FSB bought a new position in ProShares Investment Grade Interest Rate Hedged in the third quarter valued at $25,000. B. Riley Wealth Advisors Inc. grew its holdings 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 acquiring an additional 165 shares in the last quarter. KKM Financial LLC increased its position in shares of ProShares Investment Grade Interest Rate Hedged by 138.6% in the third quarter. KKM Financial LLC now owns 6,763 shares of the company’s stock valued at $521,000 after acquiring an additional 3,928 shares during the last quarter. Empirical Asset Management LLC bought a new stake in ProShares Investment Grade Interest Rate Hedged during the third quarter worth about $525,000. Finally, Duncan Williams Asset Management LLC acquired a new position in ProShares Investment Grade Interest Rate Hedged during the third quarter valued at approximately $735,000.

ProShares Investment Grade Interest Rate Hedged Stock Performance

IGHG stock opened at $78.62 on Tuesday. ProShares Investment Grade Interest Rate Hedged has a twelve month low of $75.13 and a twelve month high of $78.88. The business has a 50 day moving average price of $78.16 and a two-hundred day moving average price of $77.28.

ProShares Investment Grade Interest Rate Hedged Increases Dividend

The company also recently declared a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd were issued a dividend of $0.3291 per share. This is a boost from ProShares Investment Grade Interest Rate Hedged’s previous dividend of $0.33. The ex-dividend date was Monday, December 23rd.

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.