iShares Agency Bond ETF (NYSEARCA:AGZ) Sees Strong Trading Volume – Here’s Why

iShares Agency Bond ETF (NYSEARCA:AGZ) saw unusually-high trading volume on Monday . Approximately 10,078 shares changed hands during trading, a decline of 20% from the previous session’s volume of 12,640 shares.The stock last traded at $110.25 and had previously closed at $110.17.

iShares Agency Bond ETF Price Performance

The business’s 50-day moving average price is $110.35 and its 200 day moving average price is $110.03.

Hedge Funds Weigh In On iShares Agency Bond ETF

A number of hedge funds and other institutional investors have recently modified their holdings of AGZ. Faithward Advisors LLC raised its position in iShares Agency Bond ETF by 5.9% during the 2nd quarter. Faithward Advisors LLC now owns 194,717 shares of the company’s stock valued at $21,360,000 after purchasing an additional 10,898 shares during the last quarter. Asset Management One Co. Ltd. increased its stake in shares of iShares Agency Bond ETF by 7.2% during the third quarter. Asset Management One Co. Ltd. now owns 110,611 shares of the company’s stock valued at $12,208,000 after buying an additional 7,427 shares during the period. Global Retirement Partners LLC purchased a new position in shares of iShares Agency Bond ETF during the second quarter valued at approximately $285,000. Clean Yield Group raised its holdings in shares of iShares Agency Bond ETF by 14.4% during the second quarter. Clean Yield Group now owns 746 shares of the company’s stock valued at $82,000 after acquiring an additional 94 shares in the last quarter. Finally, Heck Capital Advisors LLC purchased a new stake in iShares Agency Bond ETF in the third quarter worth $865,000. 9.74% of the stock is currently owned by hedge funds and other institutional investors.

iShares Agency Bond ETF Company Profile

THE ISHARES BARCLAYS AGENCY BOND FUND seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the agency sector of the U.S. government bond market as defined by the Barclays Capital U.S. Agency Index.