iShares Government/Credit Bond ETF (NYSEARCA:GBF) Stock Pass Below 50 Day Moving Average – Here’s Why

iShares Government/Credit Bond ETF (NYSEARCA:GBF) passed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $103.61 and traded as low as $101.84. iShares Government/Credit Bond ETF shares last traded at $101.93, with a volume of 29,955 shares.

iShares Government/Credit Bond ETF Trading Down 0.2 %

The business’s fifty day moving average is $103.54 and its two-hundred day moving average is $104.50.

Hedge Funds Weigh In On iShares Government/Credit Bond ETF

Institutional investors have recently modified their holdings of the stock. Alesco Advisors LLC purchased a new stake in shares of iShares Government/Credit Bond ETF during the 3rd quarter worth about $265,000. Hanlon Investment Management Inc. lifted its stake in iShares Government/Credit Bond ETF by 8.0% in the 2nd quarter. Hanlon Investment Management Inc. now owns 2,715 shares of the company’s stock valued at $279,000 after buying an additional 200 shares in the last quarter. German American Bancorp Inc. boosted its stake 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 during the last quarter. Wilmington Savings Fund Society FSB acquired a new position in shares of iShares Government/Credit Bond ETF during the 3rd quarter worth approximately $489,000. Finally, Hilltop Holdings Inc. grew its holdings in shares of iShares Government/Credit Bond ETF by 5.9% in the third quarter. Hilltop Holdings Inc. now owns 10,701 shares of the company’s stock valued at $1,143,000 after purchasing an additional 592 shares during the period.

About iShares Government/Credit Bond ETF

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.