iShares Intermediate Government/Credit Bond ETF (BATS:GVI) Reaches New 1-Year Low – What’s Next?

iShares Intermediate Government/Credit Bond ETF (BATS:GVI)’s share price hit a new 52-week low during trading on Monday . The stock traded as low as $105.33 and last traded at $105.39, with a volume of 11611 shares. The stock had previously closed at $105.50.

iShares Intermediate Government/Credit Bond ETF Stock Down 0.2%

The stock has a fifty day moving average price of $105.92 and a two-hundred day moving average price of $106.72.

Hedge Funds Weigh In On iShares Intermediate Government/Credit Bond ETF

Hedge funds have recently bought and sold shares of the company. Parallel Advisors LLC raised its holdings in shares of iShares Intermediate Government/Credit Bond ETF by 114.3% in the third quarter. Parallel Advisors LLC now owns 375 shares of the company’s stock valued at $40,000 after purchasing an additional 200 shares during the last quarter. Ascentis Independent Advisors bought a new stake in iShares Intermediate Government/Credit Bond ETF in the 1st quarter worth about $54,000. Arax Advisory Partners bought a new stake in iShares Intermediate Government/Credit Bond ETF in the 4th quarter worth about $64,000. Aventura Private Wealth LLC bought a new stake in iShares Intermediate Government/Credit Bond ETF in the 4th quarter worth about $84,000. Finally, Nalls Sherbakoff Group LLC purchased a new stake in iShares Intermediate Government/Credit Bond ETF in the 4th quarter valued at about $97,000.

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.