iShares Intermediate Government/Credit Bond ETF (BATS:GVI) Reaches New 1-Year Low – What’s Next?

iShares Intermediate Government/Credit Bond ETF (BATS:GVI)’s share price hit a new 52-week low during trading on Monday . The company traded as low as $105.33 and last traded at $105.39, with a volume of 11611 shares changing hands. The stock had previously closed at $105.50.

iShares Intermediate Government/Credit Bond ETF Trading Down 0.2%

The company has a fifty day moving average price of $105.92 and a 200 day moving average price of $106.72.

Institutional Trading of iShares Intermediate Government/Credit Bond ETF

Hedge funds and other institutional investors have recently bought and sold shares of the business. Bank of New York Mellon Corp lifted its stake in shares of 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 buying an additional 35,096 shares in the last quarter. Horizon Bancorp Inc. IN increased its position in shares of 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 acquiring an additional 15,676 shares in the last quarter. Oarsman Capital Inc. raised its holdings in shares of iShares Intermediate Government/Credit Bond ETF by 6.4% in the 4th quarter. Oarsman Capital Inc. now owns 233,532 shares of the company’s stock worth $25,070,000 after acquiring an additional 14,014 shares during the last quarter. Bessemer Group Inc. raised its holdings in shares of iShares Intermediate Government/Credit Bond ETF by 32.8% in the 1st quarter. Bessemer Group Inc. now owns 218,536 shares of the company’s stock worth $23,313,000 after acquiring an additional 53,936 shares during the last quarter. Finally, Captrust Financial Advisors lifted its position in iShares Intermediate Government/Credit Bond ETF by 6.5% in the 3rd quarter. Captrust Financial Advisors now owns 195,730 shares of the company’s stock valued at $21,029,000 after acquiring an additional 11,902 shares in the last quarter.

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.