iShares Agency Bond ETF (NYSEARCA:AGZ) Hits New 12-Month Low – Here’s Why

iShares Agency Bond ETF (NYSEARCA:AGZGet Free Report) shares reached a new 52-week low during trading on Tuesday . The company traded as low as $108.02 and last traded at $107.99, with a volume of 2497 shares trading hands. The stock had previously closed at $108.35.

iShares Agency Bond ETF Stock Up 0.1%

The company has a 50 day moving average of $108.67 and a two-hundred day moving average of $109.27.

Institutional Trading of iShares Agency Bond ETF

A number of hedge funds and other institutional investors have recently modified their holdings of AGZ. HighTower Advisors LLC lifted its position in iShares Agency Bond ETF by 6.2% during the 4th quarter. HighTower Advisors LLC now owns 474,523 shares of the company’s stock valued at $52,316,000 after acquiring an additional 27,873 shares during the period. Stifel Financial Corp increased its stake in shares of iShares Agency Bond ETF by 7.4% during the fourth quarter. Stifel Financial Corp now owns 426,879 shares of the company’s stock valued at $47,067,000 after purchasing an additional 29,378 shares in the last quarter. Bank of New York Mellon Corp increased its stake in shares of iShares Agency Bond ETF by 24.7% during the first quarter. Bank of New York Mellon Corp now owns 312,585 shares of the company’s stock valued at $34,294,000 after purchasing an additional 61,831 shares in the last quarter. Raymond James Financial Inc. lifted its holdings in shares of iShares Agency Bond ETF by 1.7% during the third quarter. Raymond James Financial Inc. now owns 293,497 shares of the company’s stock valued at $32,393,000 after purchasing an additional 4,788 shares during the last quarter. Finally, Syon Capital LLC lifted its holdings in shares of iShares Agency Bond ETF by 0.7% during the fourth quarter. Syon Capital LLC now owns 191,462 shares of the company’s stock valued at $21,109,000 after purchasing an additional 1,375 shares during the last quarter. 9.74% of the stock is owned by hedge funds and other institutional investors.

iShares Agency Bond ETF Company Profile

(Get Free Report)

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.

Further Reading

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