iShares International Treasury Bond ETF (NASDAQ:IGOV) Share Price Break Below 50 Day Moving Average – Here’s Why

iShares International Treasury Bond ETF (NASDAQ:IGOV)’s stock price crossed below its 50 day moving average during trading on Wednesday. The stock has a 50 day moving average of $40.27 and traded as low as $39.96. iShares International Treasury Bond ETF shares last traded at $40.10, with a volume of 78,237 shares changing hands.

iShares International Treasury Bond ETF Stock Down 0.4%

The stock has a fifty day moving average price of $40.27 and a 200 day moving average price of $41.23.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Lazard Asset Management LLC boosted its holdings in iShares International Treasury Bond ETF by 97.1% during the 1st quarter. Lazard Asset Management LLC now owns 27,064 shares of the company’s stock valued at $1,111,000 after acquiring an additional 13,336 shares during the period. Cetera Investment Advisers increased its position in iShares International Treasury Bond ETF by 39.7% during the 1st quarter. Cetera Investment Advisers now owns 60,613 shares of the company’s stock valued at $2,489,000 after purchasing an additional 17,225 shares during the period. Crossmark Global Holdings Inc. purchased a new position in iShares International Treasury Bond ETF during the third quarter valued at approximately $864,000. OceanIQ Capital LLC bought a new position in shares of iShares International Treasury Bond ETF in the 3rd quarter worth $4,333,000. Finally, Royal Bank of Canada raised its holdings in iShares International Treasury Bond ETF by 42.5% in the first quarter. Royal Bank of Canada now owns 239,675 shares of the company’s stock worth $9,841,000 after purchasing an additional 71,496 shares in the last quarter.

iShares International Treasury Bond ETF Company Profile

iShares International Treasury Bond ETF, formerly iShares S&P/Citigroup International Treasury Bond Fund (the Fund), is an exchange-traded fund. The Fund seeks investment results that correspond to the price and yield performance, of the S&P/Citigroup International Treasury Bond Index Ex US (the Index). The Index is a market value-weighted index designed to measure the performance of bonds denominated in local currencies and issued by foreign governments in developed market countries outside the United States.