iShares Government/Credit Bond ETF (NYSEARCA:GBF) Stock Price Pass Below 50-Day Moving Average – Should You Sell?

iShares Government/Credit Bond ETF (NYSEARCA:GBF) shares crossed 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 changing hands.

iShares Government/Credit Bond ETF Price Performance

The business has a fifty day simple moving average of $103.54 and a two-hundred day simple moving average of $104.50.

Hedge Funds Weigh In On iShares Government/Credit Bond ETF

Hedge funds and other institutional investors have recently modified their holdings of the stock. Alesco Advisors LLC purchased a new position in shares of iShares Government/Credit Bond ETF in the third quarter valued at $265,000. Hanlon Investment Management Inc. increased its position in shares of iShares Government/Credit Bond ETF by 8.0% during the 2nd quarter. Hanlon Investment Management Inc. now owns 2,715 shares of the company’s stock valued at $279,000 after purchasing an additional 200 shares during the last quarter. German American Bancorp Inc. raised its stake in shares of iShares Government/Credit Bond ETF by 34.0% in the third quarter. German American Bancorp Inc. now owns 3,937 shares of the company’s stock valued at $421,000 after acquiring an additional 1,000 shares during the period. Wilmington Savings Fund Society FSB bought a new stake in shares of iShares Government/Credit Bond ETF in the 3rd quarter worth about $489,000. Finally, Hilltop Holdings Inc. boosted its stake in shares of iShares Government/Credit Bond ETF by 5.9% during the 3rd quarter. Hilltop Holdings Inc. now owns 10,701 shares of the company’s stock worth $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.