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

iShares Intermediate Government/Credit Bond ETF (BATS:GVI)’s share price hit a new 52-week low on Wednesday . The company traded as low as $104.60 and last traded at $104.6550, with a volume of 11364 shares changing hands. The stock had previously closed at $104.73.

iShares Intermediate Government/Credit Bond ETF Trading Down 0.1%

The firm’s fifty day moving average price is $105.35 and its 200-day moving average price is $106.09.

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

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Bank of New York Mellon Corp raised its holdings in 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 acquiring an additional 35,096 shares in the last quarter. Horizon Bancorp Inc. IN grew its holdings in shares of iShares Intermediate Government/Credit Bond ETF by 5.5% during the 1st quarter. Horizon Bancorp Inc. IN now owns 298,301 shares of the company’s stock worth $31,823,000 after purchasing an additional 15,676 shares in the last quarter. Oarsman Capital Inc. grew its holdings in shares of iShares Intermediate Government/Credit Bond ETF by 6.4% during the 4th quarter. Oarsman Capital Inc. now owns 233,532 shares of the company’s stock worth $25,070,000 after purchasing an additional 14,014 shares in the last quarter. RPg Family Wealth Advisory LLC bought a new stake in shares of iShares Intermediate Government/Credit Bond ETF during the second quarter valued at approximately $24,611,000. Finally, Risk Paradigm Group LLC bought a new stake in shares of iShares Intermediate Government/Credit Bond ETF during the second quarter valued at approximately $23,801,000.

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.