JPMorgan Chase & Co. Reduces Position in iShares Government/Credit Bond ETF (NYSEARCA:GBF)

JPMorgan Chase & Co. decreased its stake in shares of iShares Government/Credit Bond ETF (NYSEARCA:GBF) by 56.1% during the fourth quarter, HoldingsChannel reports. The firm owned 101,074 shares of the company’s stock after selling 129,393 shares during the quarter. JPMorgan Chase & Co.’s holdings in iShares Government/Credit Bond ETF were worth $10,332,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. WorthPointe LLC purchased a new position in shares of iShares Government/Credit Bond ETF during the fourth quarter worth $401,000. Envestnet Portfolio Solutions Inc. boosted its stake in shares of iShares Government/Credit Bond ETF by 13.9% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 4,054 shares of the company’s stock worth $414,000 after buying an additional 494 shares during the last quarter. Destination Wealth Management grew its holdings in iShares Government/Credit Bond ETF by 2.5% during the fourth quarter. Destination Wealth Management now owns 176,681 shares of the company’s stock worth $18,061,000 after acquiring an additional 4,291 shares during the period. Raymond James Financial Inc. purchased a new position in iShares Government/Credit Bond ETF during the fourth quarter valued at approximately $220,000. Finally, Keybank National Association OH lifted its holdings in iShares Government/Credit Bond ETF by 7.8% in the fourth quarter. Keybank National Association OH now owns 35,913 shares of the company’s stock valued at $3,671,000 after acquiring an additional 2,588 shares during the period.

iShares Government/Credit Bond ETF Stock Performance

iShares Government/Credit Bond ETF stock opened at $102.69 on Tuesday. The stock’s 50 day simple moving average is $103.46 and its two-hundred day simple moving average is $103.46. iShares Government/Credit Bond ETF has a 12 month low of $98.44 and a 12 month high of $107.84.

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.