iShares Government/Credit Bond ETF (NYSEARCA:GBF) Shares Pass Below Fifty Day Moving Average – Here’s Why

Shares of iShares Government/Credit Bond ETF (NYSEARCA:GBF) crossed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $103.30 and traded as low as $101.85. iShares Government/Credit Bond ETF shares last traded at $101.85, with a volume of 3,117 shares changing hands.

iShares Government/Credit Bond ETF Trading Down 0.2 %

The business’s 50-day simple moving average is $103.30 and its 200-day simple moving average is $104.46.

Institutional Trading of iShares Government/Credit Bond ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Envestnet Asset Management Inc. lifted its holdings in shares of iShares Government/Credit Bond ETF by 6.7% during the 2nd quarter. Envestnet Asset Management Inc. now owns 19,594 shares of the company’s stock worth $2,013,000 after acquiring an additional 1,225 shares during the period. Sanctuary Advisors LLC acquired a new position in shares of iShares Government/Credit Bond ETF in the 2nd quarter valued at about $3,424,000. US Bancorp DE grew its holdings in shares of iShares Government/Credit Bond ETF by 1.0% during the 3rd quarter. US Bancorp DE now owns 93,767 shares of the company’s stock worth $10,018,000 after purchasing an additional 898 shares during the period. German American Bancorp Inc. increased its position in iShares Government/Credit Bond ETF by 34.0% during the 3rd quarter. German American Bancorp Inc. now owns 3,937 shares of the company’s stock worth $421,000 after purchasing an additional 1,000 shares in the last quarter. Finally, Alesco Advisors LLC acquired a new stake in iShares Government/Credit Bond ETF during the 3rd quarter worth approximately $265,000.

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.