iShares Agency Bond ETF (NYSEARCA:AGZ) Hits New 1-Year Low – Here’s What Happened

Shares of iShares Agency Bond ETF (NYSEARCA:AGZ) reached a new 52-week low during trading on Thursday . The stock traded as low as $107.65 and last traded at $107.62, with a volume of 1755 shares traded. The stock had previously closed at $108.03.

iShares Agency Bond ETF Stock Down 0.2%

The company’s fifty day moving average price is $108.55 and its two-hundred day moving average price is $109.18.

Institutional Investors Weigh In On iShares Agency Bond ETF

Institutional investors have recently added to or reduced their stakes in the business. HighTower Advisors LLC increased 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 worth $52,316,000 after purchasing an additional 27,873 shares during the period. Daviman Financial LLC purchased a new position in shares of iShares Agency Bond ETF during the 4th quarter worth approximately $526,000. PNC Financial Services Group Inc. lifted its holdings in shares of 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 buying an additional 11,429 shares during the period. Bank of America Corp DE lifted its holdings in shares of iShares Agency Bond ETF by 7.6% in the 1st 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. Finally, Greenleaf Trust purchased a new stake in shares of iShares Agency Bond ETF in the second quarter valued at approximately $5,153,000. Hedge funds and other institutional investors own 9.74% of the company’s stock.

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.