iShares Government/Credit Bond ETF (NYSEARCA:GBF) Shares Cross Below 200 Day Moving Average – Here’s Why

iShares Government/Credit Bond ETF (NYSEARCA:GBF)’s share price crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $105.05 and traded as low as $104.93. iShares Government/Credit Bond ETF shares last traded at $105.01, with a volume of 2,738 shares changing hands.

iShares Government/Credit Bond ETF Price Performance

The company’s fifty day simple moving average is $105.00 and its 200 day simple moving average is $105.05.

Institutional Investors Weigh In On iShares Government/Credit Bond ETF

Several hedge funds have recently bought and sold shares of GBF. Farther Finance Advisors LLC boosted its holdings in shares of iShares Government/Credit Bond ETF by 274.0% during the third quarter. Farther Finance Advisors LLC now owns 288 shares of the company’s stock worth $30,000 after acquiring an additional 211 shares during the period. United Financial Planning Group LLC acquired a new position in iShares Government/Credit Bond ETF in the 3rd quarter valued at $38,000. Ameritas Advisory Services LLC bought a new position in iShares Government/Credit Bond ETF during the 2nd quarter worth $156,000. First National Trust Co bought a new position in iShares Government/Credit Bond ETF during the 2nd quarter worth $209,000. Finally, Bryn Mawr Trust Advisors LLC lifted its holdings in shares of iShares Government/Credit Bond ETF by 29.5% during the fourth quarter. Bryn Mawr Trust Advisors LLC now owns 2,478 shares of the company’s stock worth $259,000 after buying an additional 565 shares in the last quarter.

iShares Government/Credit Bond ETF Company Profile

iShares Government/Credit Bond ETF (the Fund) is an exchange-traded fund. The Fund seeks to track the investment results of an index composed of the United States dollar-denominated government, government-related and investment-grade the United States corporate bonds. The Fund seeks to track the investment results of the Barclays U.S. Government/Credit Bond Index (the Underlying Index), which measures the performance of the United States dollar-denominated United States Treasury bonds, government-related bonds (i.e., the United States and foreign agencies, sovereign, supranational and local authority debt) and investment-grade United States corporate bonds, which have a remaining maturity of greater than or equal to one year.