Meritage Portfolio Management Decreases Stake in iShares Intermediate Government/Credit Bond ETF (BATS:GVI)

Meritage Portfolio Management lessened its holdings in shares of iShares Intermediate Government/Credit Bond ETF (BATS:GVI) by 4.5% in the 4th quarter, Holdings Channel reports. The fund owned 50,255 shares of the company’s stock after selling 2,356 shares during the quarter. Meritage Portfolio Management’s holdings in iShares Intermediate Government/Credit Bond ETF were worth $5,238,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Kennebec Savings Bank acquired a new position in shares of iShares Intermediate Government/Credit Bond ETF during the 3rd quarter worth approximately $138,000. Fortitude Family Office LLC purchased a new position in iShares Intermediate Government/Credit Bond ETF during the fourth quarter worth approximately $172,000. Continuum Advisory LLC boosted its stake in iShares Intermediate Government/Credit Bond ETF by 123.5% during the third quarter. Continuum Advisory LLC now owns 1,674 shares of the company’s stock worth $175,000 after buying an additional 925 shares during the last quarter. GAMMA Investing LLC grew its holdings in iShares Intermediate Government/Credit Bond ETF by 5.1% in the 3rd quarter. GAMMA Investing LLC now owns 2,016 shares of the company’s stock valued at $216,000 after buying an additional 97 shares in the last quarter. Finally, Lord Abbett & CO. LLC acquired a new stake in shares of iShares Intermediate Government/Credit Bond ETF in the 3rd quarter worth $388,000.

iShares Intermediate Government/Credit Bond ETF Stock Performance

Shares of GVI stock opened at $104.54 on Wednesday. The firm’s fifty day moving average price is $104.46 and its 200-day moving average price is $105.36.

iShares Intermediate Government/Credit Bond ETF Cuts Dividend

The company also recently announced a dividend, which will be paid on Thursday, February 6th. Shareholders of record on Monday, February 3rd will be issued a $0.3043 dividend. The ex-dividend date is Monday, February 3rd.

About iShares Intermediate Government/Credit Bond ETF

The iShares Intermediate Government\u002FCredit Bond ETF (GVI) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a market-value-weighted index of US Treasury, agency and investment-grade corporate bonds with remaining maturities of 1-10 years. GVI was launched on Jan 5, 2007 and is managed by BlackRock.