iShares Intermediate Government/Credit Bond ETF (BATS:GVI – Get Free Report) hit a new 52-week low during trading on Tuesday. The company traded as low as $102.95 and last traded at $103.04, with a volume of 224531 shares trading hands. The stock had previously closed at $103.39.
iShares Intermediate Government/Credit Bond ETF Stock Performance
The stock’s 50 day simple moving average is $104.74 and its two-hundred day simple moving average is $105.65.
Hedge Funds Weigh In On iShares Intermediate Government/Credit Bond ETF
A number of hedge funds and other institutional investors have recently made changes to their positions in GVI. Bank of New York Mellon Corp increased its stake in iShares Intermediate Government/Credit Bond ETF by 5.6% in the first quarter. Bank of New York Mellon Corp now owns 656,951 shares of the company’s stock valued at $70,084,000 after acquiring an additional 35,096 shares during the period. Horizon Bancorp Inc. IN lifted its stake in iShares Intermediate Government/Credit Bond ETF by 5.5% during the first quarter. Horizon Bancorp Inc. IN now owns 298,301 shares of the company’s stock worth $31,823,000 after purchasing an additional 15,676 shares during the period. Oarsman Capital Inc. boosted its holdings in iShares Intermediate Government/Credit Bond ETF by 6.4% during the fourth quarter. Oarsman Capital Inc. now owns 233,532 shares of the company’s stock valued at $25,070,000 after purchasing an additional 14,014 shares in the last quarter. RPg Family Wealth Advisory LLC acquired a new stake in iShares Intermediate Government/Credit Bond ETF during the second quarter valued at approximately $24,611,000. Finally, Risk Paradigm Group LLC bought a new stake in shares of iShares Intermediate Government/Credit Bond ETF in the 2nd quarter valued at approximately $23,801,000.
About iShares Intermediate Government/Credit Bond ETF
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.
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