iShares Intermediate Government/Credit Bond ETF (BATS:GVI) Plans Dividend Increase – $0.28 Per Share

iShares Intermediate Government/Credit Bond ETF (BATS:GVI) announced a dividend on Thursday, March 28th, NASDAQ reports. Investors of record on Tuesday, April 2nd will be given a dividend of 0.285 per share on Friday, April 5th. The ex-dividend date is Monday, April 1st. This is a boost from iShares Intermediate Government/Credit Bond ETF’s previous dividend of $0.24.

iShares Intermediate Government/Credit Bond ETF Price Performance

BATS:GVI traded down $0.12 during mid-day trading on Friday, hitting $103.98. 70,557 shares of the company’s stock were exchanged. The company has a 50 day moving average price of $103.89 and a two-hundred day moving average price of $102.95.

Institutional Investors Weigh In On iShares Intermediate Government/Credit Bond ETF

Several hedge funds have recently bought and sold shares of the business. United Capital Financial Advisers LLC lifted its stake in shares of iShares Intermediate Government/Credit Bond ETF by 73.0% in the fourth quarter. United Capital Financial Advisers LLC now owns 256,185 shares of the company’s stock worth $26,249,000 after buying an additional 108,130 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in shares of iShares Intermediate Government/Credit Bond ETF by 13.9% in the first quarter. JPMorgan Chase & Co. now owns 98,301 shares of the company’s stock worth $10,271,000 after buying an additional 11,992 shares in the last quarter. Captrust Financial Advisors lifted its position in iShares Intermediate Government/Credit Bond ETF by 27.3% during the second quarter. Captrust Financial Advisors now owns 69,757 shares of the company’s stock valued at $7,363,000 after purchasing an additional 14,956 shares during the period. Baird Financial Group Inc. lifted its position in iShares Intermediate Government/Credit Bond ETF by 2.0% during the fourth quarter. Baird Financial Group Inc. now owns 54,252 shares of the company’s stock valued at $5,558,000 after purchasing an additional 1,076 shares during the period. Finally, Ameriprise Financial Inc. lifted its position in iShares Intermediate Government/Credit Bond ETF by 34.0% during the first quarter. Ameriprise Financial Inc. now owns 16,660 shares of the company’s stock valued at $1,741,000 after purchasing an additional 4,231 shares during the period.

iShares Intermediate Government/Credit Bond ETF Company Profile

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.