iShares Intermediate Government/Credit Bond ETF (BATS:GVI) Sets New 1-Year Low – Time to Sell?

iShares Intermediate Government/Credit Bond ETF (BATS:GVI) shares reached a new 52-week low during trading on Monday . The stock traded as low as $105.33 and last traded at $105.39, with a volume of 11611 shares trading hands. The stock had previously closed at $105.50.

iShares Intermediate Government/Credit Bond ETF Price Performance

The stock’s 50 day moving average is $105.88 and its two-hundred day moving average is $106.69.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. Parallel Advisors LLC raised its position in 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 buying an additional 200 shares during the last quarter. Ascentis Independent Advisors acquired a new position in iShares Intermediate Government/Credit Bond ETF during the 1st quarter worth approximately $54,000. Arax Advisory Partners bought a new position in shares of iShares Intermediate Government/Credit Bond ETF during the 4th quarter worth approximately $64,000. Aventura Private Wealth LLC bought a new position in shares of iShares Intermediate Government/Credit Bond ETF during the 4th quarter worth approximately $84,000. Finally, Nalls Sherbakoff Group LLC acquired a new stake in shares of iShares Intermediate Government/Credit Bond ETF in the fourth quarter valued at approximately $97,000.

iShares Intermediate Government/Credit Bond ETF Company Profile

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.