Farmers & Merchants Investments Inc. Cuts Stock Position in iShares Intermediate Government/Credit Bond ETF (BATS:GVI)

Farmers & Merchants Investments Inc. trimmed its position in shares of iShares Intermediate Government/Credit Bond ETF (BATS:GVI) by 43.1% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,414 shares of the company’s stock after selling 1,830 shares during the quarter. Farmers & Merchants Investments Inc.’s holdings in iShares Intermediate Government/Credit Bond ETF were worth $259,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Ashton Thomas Private Wealth LLC purchased a new stake in iShares Intermediate Government/Credit Bond ETF during the second quarter valued at approximately $25,000. Rothschild Investment LLC acquired a new stake in shares of iShares Intermediate Government/Credit Bond ETF in the 2nd quarter worth $109,000. GAMMA Investing LLC grew its stake in iShares Intermediate Government/Credit Bond ETF by 73.8% during the 2nd quarter. GAMMA Investing LLC now owns 1,919 shares of the company’s stock worth $199,000 after buying an additional 815 shares during the last quarter. Independence Bank of Kentucky acquired a new position in iShares Intermediate Government/Credit Bond ETF during the 2nd quarter valued at about $236,000. Finally, Union Savings Bank raised its stake in iShares Intermediate Government/Credit Bond ETF by 249.6% in the second quarter. Union Savings Bank now owns 3,024 shares of the company’s stock valued at $314,000 after buying an additional 2,159 shares during the last quarter.

iShares Intermediate Government/Credit Bond ETF Stock Performance

Shares of GVI stock opened at $105.27 on Wednesday. The business’s fifty day simple moving average is $106.46 and its 200-day simple moving average is $104.78.

iShares Intermediate Government/Credit Bond ETF Increases Dividend

The business also recently announced a dividend, which was paid on Friday, September 6th. Shareholders of record on Tuesday, September 3rd were given a dividend of $0.3077 per share. The ex-dividend date was Tuesday, September 3rd. This is an increase from iShares Intermediate Government/Credit Bond ETF’s previous dividend of $0.28.

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.