iShares Government/Credit Bond ETF (NYSEARCA:GBF) Shares Cross Below 200-Day Moving Average – Here’s What Happened

iShares Government/Credit Bond ETF (NYSEARCA:GBF) passed below its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $102.43 and traded as low as $99.98. iShares Government/Credit Bond ETF shares last traded at $100.00, with a volume of 5,598 shares trading hands.

iShares Government/Credit Bond ETF Stock Down 0.1%

The stock has a 50 day moving average price of $100.78 and a 200 day moving average price of $102.43.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Farther Finance Advisors LLC grew its position in iShares Government/Credit Bond ETF by 151.1% during the 3rd quarter. Farther Finance Advisors LLC now owns 5,227 shares of the company’s stock worth $520,000 after purchasing an additional 3,145 shares in the last quarter. NewEdge Advisors LLC acquired a new position in shares of iShares Government/Credit Bond ETF in the second quarter worth $281,000. Citadel Advisors LLC acquired a new position in shares of iShares Government/Credit Bond ETF in the second quarter worth $1,212,000. Bank of America Corp DE lifted its holdings in shares of iShares Government/Credit Bond ETF by 3.4% during the 1st quarter. Bank of America Corp DE now owns 113,610 shares of the company’s stock valued at $11,835,000 after buying an additional 3,776 shares during the last quarter. Finally, Cetera Investment Advisers grew its position in iShares Government/Credit Bond ETF by 28.7% in the first quarter. Cetera Investment Advisers now owns 8,738 shares of the company’s stock worth $910,000 after acquiring an additional 1,947 shares in 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.