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

iShares Intermediate Government/Credit Bond ETF (BATS:GVIGet Free Report) shares hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $103.63 and last traded at $103.5650, with a volume of 5714 shares changing hands. The stock had previously closed at $104.00.

iShares Intermediate Government/Credit Bond ETF Stock Performance

The stock has a 50-day moving average price of $105.02 and a 200 day moving average price of $105.82.

Institutional Investors Weigh In On iShares Intermediate Government/Credit Bond ETF

A number of large investors have recently modified their holdings of GVI. Bartlett & CO. Wealth Management LLC boosted 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 purchasing an additional 178 shares during the period. First County Bank CT increased its stake in iShares Intermediate Government/Credit Bond ETF by 3.1% in the second quarter. First County Bank CT now owns 12,349 shares of the company’s stock valued at $1,310,000 after purchasing an additional 376 shares during the period. Vantage Investment Partners LLC increased its stake in iShares Intermediate Government/Credit Bond ETF by 3.2% in the first quarter. Vantage Investment Partners LLC now owns 15,058 shares of the company’s stock valued at $1,606,000 after purchasing an additional 465 shares during the period. Ascentis Independent Advisors acquired a new position in iShares Intermediate Government/Credit Bond ETF in the first quarter valued at $54,000. Finally, Nalls Sherbakoff Group LLC purchased a new stake in shares of iShares Intermediate Government/Credit Bond ETF in the fourth quarter valued at about $97,000.

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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