iShares Agency Bond ETF (NYSEARCA:AGZ) Sets New 12-Month Low – Here’s What Happened

iShares Agency Bond ETF (NYSEARCA:AGZ)’s stock price reached a new 52-week low during trading on Tuesday. The stock traded as low as $106.62 and last traded at $106.71, with a volume of 13573 shares trading hands. The stock had previously closed at $107.02.

iShares Agency Bond ETF Stock Performance

The company’s 50-day simple moving average is $108.08 and its 200 day simple moving average is $108.84.

Institutional Trading of iShares Agency Bond ETF

A number of hedge funds have recently bought and sold shares of AGZ. PNC Financial Services Group Inc. grew its stake in iShares Agency Bond ETF by 42.1% in the 1st quarter. PNC Financial Services Group Inc. now owns 38,608 shares of the company’s stock valued at $4,236,000 after purchasing an additional 11,429 shares during the period. Bank of America Corp DE grew its position in iShares Agency Bond ETF by 7.6% during the first quarter. Bank of America Corp DE now owns 65,696 shares of the company’s stock valued at $7,207,000 after buying an additional 4,622 shares during the period. Greenleaf Trust purchased a new stake in iShares Agency Bond ETF during the second quarter worth about $5,153,000. Bank of New York Mellon Corp raised its position in iShares Agency Bond ETF by 24.7% in the first quarter. Bank of New York Mellon Corp now owns 312,585 shares of the company’s stock worth $34,294,000 after acquiring an additional 61,831 shares during the period. Finally, Focus Financial Network Inc. raised its position in iShares Agency Bond ETF by 0.6% in the second quarter. Focus Financial Network Inc. now owns 24,394 shares of the company’s stock worth $2,666,000 after acquiring an additional 149 shares during the period. 9.74% of the stock is currently owned by 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.