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

iShares Intermediate Government/Credit Bond ETF (BATS:GVIGet Free Report) reached a new 52-week low during trading on Wednesday . The stock traded as low as $104.60 and last traded at $104.6550, with a volume of 11364 shares trading hands. The stock had previously closed at $104.73.

iShares Intermediate Government/Credit Bond ETF Trading Down 0.5%

The stock’s fifty day simple moving average is $105.29 and its 200 day simple moving average is $106.04.

Institutional Trading of iShares Intermediate Government/Credit Bond ETF

Institutional investors and hedge funds have recently bought and sold shares of the stock. Parallel Advisors LLC lifted its stake in shares of iShares Intermediate Government/Credit Bond ETF by 114.3% in the 3rd quarter. Parallel Advisors LLC now owns 375 shares of the company’s stock valued at $40,000 after purchasing an additional 200 shares during the last quarter. Ascentis Independent Advisors purchased a new stake in iShares Intermediate Government/Credit Bond ETF during the 1st quarter valued at $54,000. Arax Advisory Partners purchased a new stake in iShares Intermediate Government/Credit Bond ETF during the 4th quarter valued at $64,000. Nalls Sherbakoff Group LLC bought a new stake in iShares Intermediate Government/Credit Bond ETF in the fourth quarter worth $97,000. Finally, First PREMIER Bank bought a new stake in iShares Intermediate Government/Credit Bond ETF in the second quarter worth $106,000.

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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