iShares Agency Bond ETF (NYSEARCA:AGZ) Reaches New 12-Month Low – Should You Sell?

iShares Agency Bond ETF (NYSEARCA:AGZ) reached a new 52-week low during trading on Tuesday . The company traded as low as $108.15 and last traded at $108.15, with a volume of 1733 shares trading hands. The stock had previously closed at $108.78.

iShares Agency Bond ETF Stock Performance

The firm has a 50 day simple moving average of $108.77 and a two-hundred day simple moving average of $109.35.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in AGZ. Advisory Services Network LLC bought a new stake in iShares Agency Bond ETF in the 3rd quarter worth about $190,000. Corient Private Wealth LLC purchased a new position in shares of iShares Agency Bond ETF in the 2nd quarter worth approximately $200,000. Godfrey Financial Associates Inc. purchased a new position in shares of iShares Agency Bond ETF in the 4th quarter worth approximately $206,000. Portland Global Advisors LLC purchased a new position in shares of iShares Agency Bond ETF in the 4th quarter worth approximately $220,000. Finally, StoneX Group Inc. bought a new position in shares of iShares Agency Bond ETF in the fourth quarter valued at approximately $221,000. 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.