Merit Financial Group LLC Makes New Investment in iShares Agency Bond ETF (NYSEARCA:AGZ)

Merit Financial Group LLC acquired a new stake in iShares Agency Bond ETF (NYSEARCA:AGZ) during the 4th quarter, Holdings Channel reports. The institutional investor acquired 4,548 shares of the company’s stock, valued at approximately $493,000.

A number of other institutional investors have also modified their holdings of the company. Baker Avenue Asset Management LP purchased a new position in iShares Agency Bond ETF in the 3rd quarter worth approximately $40,000. NBC Securities Inc. purchased a new stake in iShares Agency Bond ETF during the 3rd quarter worth $65,000. Global Retirement Partners LLC lifted its holdings in iShares Agency Bond ETF by 36.8% in the 4th quarter. Global Retirement Partners LLC now owns 903 shares of the company’s stock worth $98,000 after buying an additional 243 shares in the last quarter. Bryn Mawr Capital Management LLC acquired a new position in iShares Agency Bond ETF in the 3rd quarter worth $217,000. Finally, Donaldson Capital Management LLC boosted its position in iShares Agency Bond ETF by 5.4% in the 4th quarter. Donaldson Capital Management LLC now owns 2,640 shares of the company’s stock valued at $286,000 after buying an additional 135 shares during the last quarter. Hedge funds and other institutional investors own 9.74% of the company’s stock.

iShares Agency Bond ETF Stock Up 0.1 %

Shares of NYSEARCA AGZ opened at $107.14 on Wednesday. iShares Agency Bond ETF has a 1 year low of $104.80 and a 1 year high of $108.98. The stock’s 50-day simple moving average is $107.36 and its 200-day simple moving average is $107.37.

iShares Agency Bond ETF 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.