Destination Wealth Management Increases Position in iShares Government/Credit Bond ETF $GBF

Destination Wealth Management increased its stake in iShares Government/Credit Bond ETF (NYSEARCA:GBF) by 4.9% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 201,384 shares of the company’s stock after purchasing an additional 9,452 shares during the quarter. Destination Wealth Management owned 16.78% of iShares Government/Credit Bond ETF worth $21,085,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. United Financial Planning Group LLC purchased a new position in shares of iShares Government/Credit Bond ETF in the 3rd quarter valued at about $38,000. Kestra Advisory Services LLC purchased a new position in shares of iShares Government/Credit Bond ETF in the 4th quarter valued at about $41,000. Bank of Montreal Can increased its holdings in shares of iShares Government/Credit Bond ETF by 170.9% in the 4th quarter. Bank of Montreal Can now owns 474 shares of the company’s stock valued at $50,000 after purchasing an additional 299 shares in the last quarter. Farther Finance Advisors LLC increased its holdings in shares of iShares Government/Credit Bond ETF by 262.2% in the 4th quarter. Farther Finance Advisors LLC now owns 1,043 shares of the company’s stock valued at $109,000 after purchasing an additional 755 shares in the last quarter. Finally, Bryn Mawr Trust Advisors LLC increased its holdings in shares of iShares Government/Credit Bond ETF by 29.5% in the 4th quarter. Bryn Mawr Trust Advisors LLC now owns 2,478 shares of the company’s stock valued at $259,000 after purchasing an additional 565 shares in the last quarter.

iShares Government/Credit Bond ETF Trading Down 0.1%

Shares of GBF opened at $103.52 on Friday. The company has a 50-day simple moving average of $103.72 and a 200-day simple moving average of $104.56. iShares Government/Credit Bond ETF has a 52-week low of $101.85 and a 52-week high of $106.43.

iShares Government/Credit Bond ETF 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.