iShares Government/Credit Bond ETF (NYSEARCA:GBF) Stock Price Pass Below 200-Day Moving Average – Here’s What Happened

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 $103.60 and traded as low as $101.4650. iShares Government/Credit Bond ETF shares last traded at $101.4698, with a volume of 2,004 shares trading hands.

iShares Government/Credit Bond ETF Stock Up 0.1%

The stock’s 50 day moving average price is $102.53 and its two-hundred day moving average price is $103.57.

Institutional Investors Weigh In On iShares Government/Credit Bond ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Citadel Advisors LLC acquired a new position in shares of iShares Government/Credit Bond ETF in the 2nd quarter valued at about $1,212,000. Bank of America Corp DE raised its position in iShares Government/Credit Bond ETF by 3.4% during the first quarter. Bank of America Corp DE now owns 113,610 shares of the company’s stock valued at $11,835,000 after acquiring an additional 3,776 shares in the last quarter. Cetera Investment Advisers raised its position in iShares Government/Credit Bond ETF by 28.7% during the first quarter. Cetera Investment Advisers now owns 8,738 shares of the company’s stock valued at $910,000 after acquiring an additional 1,947 shares in the last quarter. AMG National Trust Bank lifted its holdings in iShares Government/Credit Bond ETF by 56.5% in the first quarter. AMG National Trust Bank now owns 3,835 shares of the company’s stock valued at $399,000 after acquiring an additional 1,385 shares during the period. Finally, Beirne Wealth Consulting Services LLC lifted its holdings in iShares Government/Credit Bond ETF by 24.9% in the first quarter. Beirne Wealth Consulting Services LLC now owns 15,576 shares of the company’s stock valued at $1,623,000 after acquiring an additional 3,109 shares during the period.

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.