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

iShares Intermediate Government/Credit Bond ETF (BATS:GVI) shares crossed 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 stock’s 50 day simple moving average is $105.55 and its 200-day simple moving average is $105.09.

Institutional Investors Weigh In On iShares Intermediate Government/Credit Bond ETF

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

iShares Intermediate Government/Credit Bond ETF Company Profile

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.