iShares Intermediate Government/Credit Bond ETF (BATS:GVI) Sets New 52-Week Low – Here’s Why

Shares of iShares Intermediate Government/Credit Bond ETF (BATS:GVIGet Free Report) reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $103.63 and last traded at $103.5650, with a volume of 5714 shares trading hands. The stock had previously closed at $104.00.

iShares Intermediate Government/Credit Bond ETF Trading Down 0.6%

The business has a fifty day moving average of $105.02 and a 200 day moving average of $105.82.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Ascentis Independent Advisors acquired a new position in shares of iShares Intermediate Government/Credit Bond ETF in the first quarter worth $54,000. Nalls Sherbakoff Group LLC acquired a new stake in shares of iShares Intermediate Government/Credit Bond ETF in the fourth quarter valued at $97,000. First PREMIER Bank purchased a new position in iShares Intermediate Government/Credit Bond ETF in the second quarter valued at $106,000. Bartlett & CO. Wealth Management LLC boosted its holdings in iShares Intermediate Government/Credit Bond ETF by 15.2% in the first quarter. Bartlett & CO. Wealth Management LLC now owns 1,351 shares of the company’s stock valued at $144,000 after purchasing an additional 178 shares during the period. Finally, Continuum Advisory LLC acquired a new position in iShares Intermediate Government/Credit Bond ETF during the 4th quarter worth $202,000.

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.

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