iShares Agency Bond ETF (NYSEARCA:AGZ) Sees Strong Trading Volume – Time to Buy?

iShares Agency Bond ETF (NYSEARCA:AGZ) saw unusually-high trading volume on Monday . 42,773 shares were traded during mid-day trading, an increase of 44% from the previous session’s volume of 29,717 shares.The stock last traded at $109.76 and had previously closed at $109.66.

iShares Agency Bond ETF Stock Down 0.9 %

The business’s 50 day moving average is $108.82 and its 200-day moving average is $108.79.

Institutional Trading of iShares Agency Bond ETF

A number of large investors have recently modified their holdings of AGZ. Raymond James Financial Inc. purchased a new position in iShares Agency Bond ETF in the 4th quarter valued at $24,834,000. Straightline Group LLC purchased a new position in shares of iShares Agency Bond ETF in the fourth quarter valued at $17,633,000. Impact Investors Inc acquired a new stake in iShares Agency Bond ETF during the 4th quarter valued at $14,746,000. Executive Wealth Management LLC purchased a new stake in shares of iShares Agency Bond ETF during the third quarter worth about $9,378,000. Finally, Citadel Advisors LLC lifted its position in iShares Agency Bond ETF by 2,803.2% during the fourth quarter. Citadel Advisors LLC now owns 69,910 shares of the company’s stock worth $7,547,000 after buying an additional 67,502 shares during the period. Hedge funds and other institutional investors own 9.74% of the company’s stock.

About iShares Agency Bond ETF

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.