iShares Intermediate Government/Credit Bond ETF (BATS:GVI) Hits New 1-Year Low – Should You Sell?

iShares Intermediate Government/Credit Bond ETF (BATS:GVIGet Free Report) hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $105.24 and last traded at $105.24, with a volume of 7222 shares traded. The stock had previously closed at $105.39.

iShares Intermediate Government/Credit Bond ETF Stock Performance

The business has a 50 day moving average price of $105.81 and a 200 day moving average price of $106.63.

Institutional Trading of iShares Intermediate Government/Credit Bond ETF

A number of large investors have recently made changes to their positions in the stock. Ferguson Wellman Capital Management Inc. purchased a new stake in iShares Intermediate Government/Credit Bond ETF in the 1st quarter valued at about $12,210,000. Isthmus Partners LLC purchased a new position in shares of iShares Intermediate Government/Credit Bond ETF during the first quarter valued at $6,144,000. Bessemer Group Inc. grew its holdings in iShares Intermediate Government/Credit Bond ETF by 32.8% during 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 in the last quarter. Union Savings Bank purchased a new position in iShares Intermediate Government/Credit Bond ETF during the 4th quarter valued at about $4,092,000. Finally, Bank of New York Mellon Corp raised its holdings in shares of iShares Intermediate Government/Credit Bond ETF by 5.6% in the 1st quarter. Bank of New York Mellon Corp now owns 656,951 shares of the company’s stock valued at $70,084,000 after purchasing an additional 35,096 shares in the last quarter.

iShares Intermediate Government/Credit Bond ETF Company Profile

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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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