iShares Intermediate Government/Credit Bond ETF (BATS:GVI) Reaches New 52-Week Low – Should You Sell?

iShares Intermediate Government/Credit Bond ETF (BATS:GVIGet Free Report) shares hit a new 52-week low during trading on Tuesday . The stock traded as low as $104.73 and last traded at $104.73, with a volume of 1992 shares changing hands. The stock had previously closed at $105.15.

iShares Intermediate Government/Credit Bond ETF Stock Performance

The company has a 50 day moving average price of $105.52 and a two-hundred day moving average price of $106.22.

Hedge Funds Weigh In On iShares Intermediate Government/Credit Bond ETF

A number of large investors have recently added to or reduced their stakes in the stock. Integrated Wealth Concepts LLC grew its position in shares of iShares Intermediate Government/Credit Bond ETF by 28.5% in the first quarter. Integrated Wealth Concepts LLC now owns 5,435 shares of the company’s stock valued at $576,000 after purchasing an additional 1,207 shares during the period. Captrust Financial Advisors raised its position in shares of iShares Intermediate Government/Credit Bond ETF by 5.7% during the 2nd quarter. Captrust Financial Advisors now owns 183,828 shares of the company’s stock worth $19,631,000 after purchasing an additional 9,923 shares during the last quarter. Parallel Advisors LLC raised its position in shares of iShares Intermediate Government/Credit Bond ETF by 114.3% during the 3rd quarter. Parallel Advisors LLC now owns 375 shares of the company’s stock worth $40,000 after purchasing an additional 200 shares during the last quarter. Brown Brothers Harriman & Co. purchased a new position in iShares Intermediate Government/Credit Bond ETF in the 3rd quarter valued at about $390,000. Finally, United Capital Financial Advisors LLC lifted its stake in iShares Intermediate Government/Credit Bond ETF by 4.3% in the 3rd quarter. United Capital Financial Advisors LLC now owns 77,931 shares of the company’s stock valued at $8,373,000 after buying an additional 3,235 shares in the last quarter.

About iShares Intermediate Government/Credit Bond ETF

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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.

Further Reading

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