iShares Government/Credit Bond ETF (NYSEARCA:GBF) Shares Cross Below 200-Day Moving Average – Time to Sell?

Shares of iShares Government/Credit Bond ETF (NYSEARCA:GBF) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $105.00 and traded as low as $103.87. iShares Government/Credit Bond ETF shares last traded at $103.99, with a volume of 4,198 shares changing hands.

iShares Government/Credit Bond ETF Trading Up 0.4%

The company’s 50-day moving average is $104.44 and its 200 day moving average is $105.00.

Hedge Funds Weigh In On iShares Government/Credit Bond ETF

Hedge funds have recently bought and sold shares of the business. Destination Wealth Management increased its position in shares of iShares Government/Credit Bond ETF by 2.7% in the third quarter. Destination Wealth Management now owns 191,932 shares of the company’s stock valued at $20,221,000 after buying an additional 5,123 shares in the last quarter. Biondo Investment Advisors LLC increased its position in shares of iShares Government/Credit Bond ETF by 3.2% in the fourth quarter. Biondo Investment Advisors LLC now owns 15,566 shares of the company’s stock valued at $1,630,000 after buying an additional 489 shares in the last quarter. Bryn Mawr Trust Advisors LLC increased its position in shares of iShares Government/Credit Bond ETF by 29.5% in the fourth quarter. Bryn Mawr Trust Advisors LLC now owns 2,478 shares of the company’s stock valued at $259,000 after buying an additional 565 shares in the last quarter. Truist Financial Corp increased its position in shares of iShares Government/Credit Bond ETF by 19.5% in the fourth quarter. Truist Financial Corp now owns 3,260 shares of the company’s stock valued at $341,000 after buying an additional 533 shares in the last quarter. Finally, Farther Finance Advisors LLC increased its position in shares of iShares Government/Credit Bond ETF by 262.2% in the fourth quarter. Farther Finance Advisors LLC now owns 1,043 shares of the company’s stock valued at $109,000 after buying an additional 755 shares in the last quarter.

About iShares Government/Credit Bond ETF

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.