iShares Intermediate Government/Credit Bond ETF (BATS:GVI) Shares Cross Above Two Hundred Day Moving Average – What’s Next?

iShares Intermediate Government/Credit Bond ETF (BATS:GVI) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $105.09 and traded as high as $105.28. iShares Intermediate Government/Credit Bond ETF shares last traded at $105.17, with a volume of 97,756 shares trading hands.

iShares Intermediate Government/Credit Bond ETF Price Performance

The firm has a 50-day moving average of $105.59 and a 200 day moving average of $105.09.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in GVI. Massmutual Trust Co. FSB ADV bought a new stake in shares of iShares Intermediate Government/Credit Bond ETF during the second quarter valued at approximately $1,083,000. Whittier Trust Co. increased its stake in shares of iShares Intermediate Government/Credit Bond ETF by 9.0% in the 2nd quarter. Whittier Trust Co. now owns 46,267 shares of the company’s stock valued at $4,799,000 after buying an additional 3,836 shares during the period. Independence Bank of Kentucky bought a new stake in shares of iShares Intermediate Government/Credit Bond ETF during the second quarter worth $236,000. Rothschild Investment LLC acquired a new position in shares of iShares Intermediate Government/Credit Bond ETF during the second quarter valued at $109,000. Finally, Bank of New York Mellon Corp boosted its holdings in iShares Intermediate Government/Credit Bond ETF by 3.2% in the second quarter. Bank of New York Mellon Corp now owns 544,884 shares of the company’s stock valued at $56,521,000 after acquiring an additional 17,017 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.