SVB Wealth LLC Boosts Stake in iShares Intermediate Government/Credit Bond ETF $GVI

SVB Wealth LLC raised its position in iShares Intermediate Government/Credit Bond ETF (BATS:GVI) by 43.3% during the second quarter, Holdings Channel reports. The firm owned 102,040 shares of the company’s stock after buying an additional 30,813 shares during the quarter. SVB Wealth LLC’s holdings in iShares Intermediate Government/Credit Bond ETF were worth $10,826,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of GVI. Bartlett & CO. Wealth Management LLC lifted its stake in iShares Intermediate Government/Credit Bond ETF by 15.2% during the 1st quarter. Bartlett & CO. Wealth Management LLC now owns 1,351 shares of the company’s stock worth $144,000 after acquiring an additional 178 shares in the last quarter. Parallel Advisors LLC grew 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 acquiring an additional 200 shares in the last quarter. Azimuth Capital Investment Management LLC increased its stake in iShares Intermediate Government/Credit Bond ETF by 3.8% during the fourth quarter. Azimuth Capital Investment Management LLC now owns 10,125 shares of the company’s stock worth $1,087,000 after purchasing an additional 375 shares during the period. First County Bank CT increased its stake in iShares Intermediate Government/Credit Bond ETF by 3.1% during the second quarter. First County Bank CT now owns 12,349 shares of the company’s stock worth $1,310,000 after purchasing an additional 376 shares during the period. Finally, Vantage Investment Partners LLC increased its stake in iShares Intermediate Government/Credit Bond ETF by 3.2% during the first quarter. Vantage Investment Partners LLC now owns 15,058 shares of the company’s stock worth $1,606,000 after purchasing an additional 465 shares during the period.

iShares Intermediate Government/Credit Bond ETF Price Performance

Shares of GVI opened at $104.73 on Wednesday. The company’s 50-day simple moving average is $105.35 and its 200-day simple moving average is $106.09. iShares Intermediate Government/Credit Bond ETF has a 1 year low of $104.60 and a 1 year high of $108.34.

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.