iShares Intermediate Government/Credit Bond ETF (BATS:GVI) Hits New 1-Year Low – Here’s What Happened

iShares Intermediate Government/Credit Bond ETF (BATS:GVI) reached a new 52-week low on Wednesday. The company 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 Price Performance

The firm has a 50 day moving average of $104.93 and a 200-day moving average of $105.76.

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

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

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.