iShares Intermediate Government/Credit Bond ETF (BATS:GVI) Hits New 52-Week Low – Here’s Why

iShares Intermediate Government/Credit Bond ETF (BATS:GVI) shares hit a new 52-week low during trading on Wednesday . The stock traded as low as $104.60 and last traded at $104.6550, with a volume of 11364 shares traded. The stock had previously closed at $104.73.

iShares Intermediate Government/Credit Bond ETF Trading Down 0.1%

The stock’s 50-day simple moving average is $105.35 and its two-hundred day simple moving average is $106.09.

Institutional Trading of iShares Intermediate Government/Credit Bond ETF

Several hedge funds have recently added to or reduced their stakes in GVI. Parallel Advisors LLC grew its holdings in iShares Intermediate Government/Credit Bond ETF by 114.3% in the 3rd quarter. Parallel Advisors LLC now owns 375 shares of the company’s stock valued at $40,000 after buying an additional 200 shares during the last quarter. Ascentis Independent Advisors bought a new stake in shares of iShares Intermediate Government/Credit Bond ETF in the first quarter valued at approximately $54,000. Arax Advisory Partners bought a new stake in shares of iShares Intermediate Government/Credit Bond ETF in the fourth quarter valued at approximately $64,000. Nalls Sherbakoff Group LLC acquired a new stake in shares of iShares Intermediate Government/Credit Bond ETF in the fourth quarter worth $97,000. Finally, First PREMIER Bank acquired a new stake in shares of iShares Intermediate Government/Credit Bond ETF in the second quarter worth $106,000.

iShares Intermediate Government/Credit Bond ETF Company Profile

The iShares Intermediate Government\u002FCredit Bond ETF (GVI) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a market-value-weighted index of US Treasury, agency and investment-grade corporate bonds with remaining maturities of 1-10 years. GVI was launched on Jan 5, 2007 and is managed by BlackRock.