iShares Agency Bond ETF (NYSEARCA:AGZ) Reaches New 52-Week Low – Here’s What Happened

Shares of iShares Agency Bond ETF (NYSEARCA:AGZ) reached a new 52-week low during trading on Monday . The company traded as low as $108.25 and last traded at $108.25, with a volume of 1813 shares traded. The stock had previously closed at $108.44.

iShares Agency Bond ETF Price Performance

The company’s 50-day moving average price is $108.85 and its two-hundred day moving average price is $109.50.

Institutional Trading of iShares Agency Bond ETF

Institutional investors have recently added to or reduced their stakes in the company. HighTower Advisors LLC lifted its holdings in shares of iShares Agency Bond ETF by 6.2% during the fourth quarter. HighTower Advisors LLC now owns 474,523 shares of the company’s stock worth $52,316,000 after buying an additional 27,873 shares in the last quarter. Stifel Financial Corp increased its position in iShares Agency Bond ETF by 7.4% during the fourth quarter. Stifel Financial Corp now owns 426,879 shares of the company’s stock worth $47,067,000 after acquiring an additional 29,378 shares during the period. Bank of New York Mellon Corp increased its position in iShares Agency Bond ETF by 24.7% during 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. Raymond James Financial Inc. raised its stake in iShares Agency Bond ETF by 1.7% in the 3rd quarter. Raymond James Financial Inc. now owns 293,497 shares of the company’s stock worth $32,393,000 after purchasing an additional 4,788 shares in the last quarter. Finally, Syon Capital LLC raised its stake in iShares Agency Bond ETF by 0.7% in the 4th quarter. Syon Capital LLC now owns 191,462 shares of the company’s stock worth $21,109,000 after purchasing an additional 1,375 shares in the last quarter. 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.