iShares Government/Credit Bond ETF (NYSEARCA:GBF) Share Price Pass Below 200-Day Moving Average – Here’s Why

iShares Government/Credit Bond ETF (NYSEARCA:GBF) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $104.94 and traded as low as $104.55. iShares Government/Credit Bond ETF shares last traded at $104.55, with a volume of 2,869 shares changing hands.

iShares Government/Credit Bond ETF Stock Performance

The company has a 50-day moving average of $105.14 and a 200 day moving average of $104.94.

Hedge Funds Weigh In On iShares Government/Credit Bond ETF

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Destination Wealth Management raised its holdings in iShares Government/Credit Bond ETF by 2.7% in the 3rd quarter. Destination Wealth Management now owns 191,932 shares of the company’s stock valued at $20,221,000 after acquiring an additional 5,123 shares during the last quarter. Bank of America Corp DE grew its position in shares of iShares Government/Credit Bond ETF by 13.7% in the third quarter. Bank of America Corp DE now owns 104,384 shares of the company’s stock valued at $10,997,000 after purchasing an additional 12,565 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of iShares Government/Credit Bond ETF by 4.5% in the third quarter. JPMorgan Chase & Co. now owns 93,387 shares of the company’s stock valued at $9,839,000 after purchasing an additional 4,051 shares during the last quarter. Jane Street Group LLC lifted its position in iShares Government/Credit Bond ETF by 28.3% during the first quarter. Jane Street Group LLC now owns 36,600 shares of the company’s stock worth $3,812,000 after buying an additional 8,071 shares in the last quarter. Finally, Keybank National Association OH boosted its stake in iShares Government/Credit Bond ETF by 12.0% during the third quarter. Keybank National Association OH now owns 30,402 shares of the company’s stock worth $3,203,000 after buying an additional 3,263 shares during the last quarter.

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. Government/Credit Bond Index (the Underlying Index), which measures the performance of the United States dollar-denominated United States Treasury bonds, government-related bonds (i.e., the United States and foreign agencies, sovereign, supranational and local authority debt) and investment-grade United States corporate bonds, which have a remaining maturity of greater than or equal to one year.