iShares Government/Credit Bond ETF (NYSEARCA:GBF) Stock Cross 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 Thursday . The stock has a 200-day moving average of $105.14 and traded as low as $103.56. iShares Government/Credit Bond ETF shares last traded at $104.21, with a volume of 8,747 shares changing hands.

iShares Government/Credit Bond ETF Trading Down 0.0%

The company’s 50-day moving average price is $104.82 and its 200 day moving average price is $105.14.

Institutional Trading of iShares Government/Credit Bond ETF

Several institutional investors have recently made changes to their positions in GBF. Destination Wealth Management raised its position in iShares Government/Credit Bond ETF by 4.9% in the fourth quarter. Destination Wealth Management now owns 201,384 shares of the company’s stock valued at $21,085,000 after purchasing an additional 9,452 shares during the period. Bank of America Corp DE raised its position in iShares Government/Credit Bond ETF by 13.7% in the third quarter. Bank of America Corp DE now owns 104,384 shares of the company’s stock valued at $10,997,000 after purchasing an additional 12,565 shares during the period. JPMorgan Chase & Co. raised its position in iShares Government/Credit Bond ETF by 4.5% in the third quarter. JPMorgan Chase & Co. now owns 93,387 shares of the company’s stock valued at $9,839,000 after purchasing an additional 4,051 shares during the period. Jane Street Group LLC raised its position in iShares Government/Credit Bond ETF by 28.3% in the first quarter. Jane Street Group LLC now owns 36,600 shares of the company’s stock valued at $3,812,000 after purchasing an additional 8,071 shares during the period. Finally, Keybank National Association OH raised its position in iShares Government/Credit Bond ETF by 12.0% in the third quarter. Keybank National Association OH now owns 30,402 shares of the company’s stock valued at $3,203,000 after purchasing an additional 3,263 shares during the period.

iShares Government/Credit Bond ETF Company 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.