iShares Agency Bond ETF (NYSEARCA:AGZ) Sets New 52-Week Low – Here’s Why

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

iShares Agency Bond ETF Trading Down 0.2%

The company has a 50-day moving average price of $108.55 and a 200-day moving average price of $109.18.

Hedge Funds Weigh In On iShares Agency Bond ETF

Several hedge funds have recently added to or reduced their stakes in the stock. HighTower Advisors LLC lifted its position in shares of 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 buying an additional 27,873 shares during the last quarter. Daviman Financial LLC purchased a new position in shares of iShares Agency Bond ETF in the 4th quarter valued at $526,000. PNC Financial Services Group Inc. grew its position 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 last quarter. Bank of America Corp DE raised its stake in 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 acquiring an additional 4,622 shares in the last quarter. Finally, Greenleaf Trust purchased a new stake in iShares Agency Bond ETF in the second quarter valued at $5,153,000. 9.74% of the stock is currently owned by hedge funds and other institutional investors.

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.