iShares Intermediate Government/Credit Bond ETF (BATS:GVI) Hits New 1-Year Low – Should You Sell?

iShares Intermediate Government/Credit Bond ETF (BATS:GVI)’s stock price hit a new 52-week low on Wednesday . The company traded as low as $105.24 and last traded at $105.24, with a volume of 7222 shares traded. The stock had previously closed at $105.39.

iShares Intermediate Government/Credit Bond ETF Stock Down 0.1%

The business’s fifty day simple moving average is $105.81 and its 200-day simple moving average is $106.63.

Institutional Trading of iShares Intermediate Government/Credit Bond ETF

Several hedge funds have recently modified their holdings of GVI. Bank of New York Mellon Corp grew its holdings in shares of iShares Intermediate Government/Credit Bond ETF by 5.6% in the first quarter. Bank of New York Mellon Corp now owns 656,951 shares of the company’s stock valued at $70,084,000 after purchasing an additional 35,096 shares in the last quarter. Horizon Bancorp Inc. IN raised its stake in iShares Intermediate Government/Credit Bond ETF by 5.5% during the first quarter. Horizon Bancorp Inc. IN now owns 298,301 shares of the company’s stock valued at $31,823,000 after purchasing an additional 15,676 shares in the last quarter. Oarsman Capital Inc. lifted its position in iShares Intermediate Government/Credit Bond ETF by 6.4% during the fourth quarter. Oarsman Capital Inc. now owns 233,532 shares of the company’s stock valued at $25,070,000 after purchasing an additional 14,014 shares during the last quarter. Bessemer Group Inc. lifted its position in iShares Intermediate Government/Credit Bond ETF by 32.8% during the first quarter. Bessemer Group Inc. now owns 218,536 shares of the company’s stock valued at $23,313,000 after purchasing an additional 53,936 shares during the last quarter. Finally, Captrust Financial Advisors lifted its position in iShares Intermediate Government/Credit Bond ETF by 6.5% during the third quarter. Captrust Financial Advisors now owns 195,730 shares of the company’s stock valued at $21,029,000 after purchasing an additional 11,902 shares during the last quarter.

About iShares Intermediate Government/Credit Bond ETF

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.