iShares Agency Bond ETF (NYSEARCA:AGZ) Sees Unusually-High Trading Volume – Here’s Why

iShares Agency Bond ETF (NYSEARCA:AGZ) saw an uptick in trading volume on Wednesday. 42,452 shares were traded during mid-day trading, an increase of 96% from the previous session’s volume of 21,700 shares. The stock last traded at $106.3110 and had previously closed at $106.46.

iShares Agency Bond ETF Stock Down 0.0%

The company has a fifty day moving average of $107.69 and a 200-day moving average of $108.62.

Institutional Trading of iShares Agency Bond ETF

A number of institutional investors have recently made changes to their positions in the company. PNC Financial Services Group Inc. raised its position in shares of iShares Agency Bond ETF by 42.1% in the first 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 last quarter. Bank of America Corp DE boosted its holdings in shares of iShares Agency Bond ETF by 7.6% during the 1st quarter. Bank of America Corp DE now owns 65,696 shares of the company’s stock worth $7,207,000 after purchasing an additional 4,622 shares during the last quarter. Greenleaf Trust acquired a new position in shares of iShares Agency Bond ETF during the 2nd quarter worth approximately $5,153,000. Bank of New York Mellon Corp boosted its holdings in shares of iShares Agency Bond ETF by 24.7% during the 1st quarter. Bank of New York Mellon Corp now owns 312,585 shares of the company’s stock worth $34,294,000 after purchasing an additional 61,831 shares during the last quarter. Finally, Focus Financial Network Inc. grew its position in shares of 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 valued at $2,666,000 after purchasing an additional 149 shares in the last quarter. 9.74% of the stock is owned by institutional investors and hedge funds.

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.