iShares Government/Credit Bond ETF (NYSEARCA:GBF) Stock Price Break Below 200-Day Moving Average – What’s Next?

iShares Government/Credit Bond ETF (NYSEARCA:GBF) shares crossed below its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $102.43 and traded as low as $99.98. iShares Government/Credit Bond ETF shares last traded at $100.00, with a volume of 5,598 shares.

iShares Government/Credit Bond ETF Stock Down 0.1%

The stock’s fifty day moving average price is $100.75 and its 200-day moving average price is $102.42.

Institutional Investors Weigh In On iShares Government/Credit Bond ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in GBF. Bank of America Corp DE increased its position in shares of iShares Government/Credit Bond ETF by 3.4% in the first quarter. Bank of America Corp DE now owns 113,610 shares of the company’s stock valued at $11,835,000 after acquiring an additional 3,776 shares during the last quarter. Keybank National Association OH raised its holdings in iShares Government/Credit Bond ETF by 0.5% during the first quarter. Keybank National Association OH now owns 27,390 shares of the company’s stock worth $2,853,000 after acquiring an additional 140 shares in the last quarter. Beirne Wealth Consulting Services LLC boosted its position in iShares Government/Credit Bond ETF by 24.9% during the first quarter. Beirne Wealth Consulting Services LLC now owns 15,576 shares of the company’s stock valued at $1,623,000 after purchasing an additional 3,109 shares during the last quarter. Citadel Advisors LLC acquired a new position in iShares Government/Credit Bond ETF during the second quarter valued at approximately $1,212,000. Finally, Cetera Investment Advisers grew its stake in iShares Government/Credit Bond ETF by 28.7% in the first quarter. Cetera Investment Advisers now owns 8,738 shares of the company’s stock valued at $910,000 after purchasing an additional 1,947 shares in the last quarter.

iShares Government/Credit Bond ETF Company Profile

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.