iShares Government/Credit Bond ETF (NYSEARCA:GBF) Stock Pass Below Two Hundred Day Moving Average – Here’s What Happened

iShares Government/Credit Bond ETF (NYSEARCA:GBF) shares crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $105.20 and traded as low as $103.82. iShares Government/Credit Bond ETF shares last traded at $103.82, with a volume of 1,732 shares.

iShares Government/Credit Bond ETF Stock Performance

The firm’s 50-day moving average price is $104.92 and its 200 day moving average price is $105.19.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of GBF. Bank of America Corp DE grew its position in shares of iShares Government/Credit Bond ETF by 13.7% in the 3rd quarter. Bank of America Corp DE now owns 104,384 shares of the company’s stock worth $10,997,000 after acquiring an additional 12,565 shares in the last quarter. Destination Wealth Management lifted its stake in iShares Government/Credit Bond ETF by 4.9% during the fourth quarter. Destination Wealth Management now owns 201,384 shares of the company’s stock worth $21,085,000 after purchasing an additional 9,452 shares during the last quarter. Jane Street Group LLC lifted its stake in iShares Government/Credit Bond ETF by 28.3% during the first quarter. Jane Street Group LLC now owns 36,600 shares of the company’s stock worth $3,812,000 after purchasing an additional 8,071 shares during the last quarter. Susquehanna International Group LLP boosted its holdings in iShares Government/Credit Bond ETF by 129.3% in the third quarter. Susquehanna International Group LLP now owns 11,172 shares of the company’s stock worth $1,177,000 after purchasing an additional 6,299 shares during the period. Finally, JPMorgan Chase & Co. boosted its holdings in iShares Government/Credit Bond ETF by 4.5% in the third quarter. JPMorgan Chase & Co. now owns 93,387 shares of the company’s stock worth $9,839,000 after purchasing an additional 4,051 shares during the period.

About iShares Government/Credit Bond ETF

iShares Government/Credit Bond ETF (the Fund) is an exchange-traded fund. The Fund seeks to track the investment results of an index composed of the United States dollar-denominated government, government-related and investment-grade the United States corporate bonds. The Fund seeks to track the investment results of the Barclays U.S. Government/Credit Bond Index (the Underlying Index), which measures the performance of the United States dollar-denominated United States Treasury bonds, government-related bonds (i.e., the United States and foreign agencies, sovereign, supranational and local authority debt) and investment-grade United States corporate bonds, which have a remaining maturity of greater than or equal to one year.