iShares Agency Bond ETF (NYSEARCA:AGZ) Reaches New 12-Month Low – Here’s Why

iShares Agency Bond ETF (NYSEARCA:AGZ) hit a new 52-week low during trading on Wednesday . The company traded as low as $107.09 and last traded at $107.1240, with a volume of 5463 shares changing hands. The stock had previously closed at $107.51.

iShares Agency Bond ETF Trading Down 0.6%

The company has a fifty day moving average price of $108.31 and a two-hundred day moving average price of $108.98.

Institutional Investors Weigh In On iShares Agency Bond ETF

Hedge funds and other institutional investors have recently bought and sold shares of the company. PNC Financial Services Group Inc. raised its position in shares of iShares Agency Bond ETF by 42.1% during 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 iShares Agency Bond ETF by 7.6% in the first quarter. Bank of America Corp DE now owns 65,696 shares of the company’s stock valued at $7,207,000 after acquiring an additional 4,622 shares during the last quarter. Greenleaf Trust purchased a new position in iShares Agency Bond ETF in the second quarter worth approximately $5,153,000. Bank of New York Mellon Corp grew 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, Citizens Financial Group Inc. RI increased its stake in iShares Agency Bond ETF by 20.2% during the first quarter. Citizens Financial Group Inc. RI now owns 11,037 shares of the company’s stock worth $1,211,000 after acquiring an additional 1,856 shares during the last quarter. 9.74% of the stock is currently owned by institutional investors and hedge funds.

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.