iShares Agency Bond ETF (NYSEARCA:AGZ) Sees Strong Trading Volume – Still a Buy?

iShares Agency Bond ETF (NYSEARCA:AGZ) saw unusually-strong trading volume on Monday . Approximately 18,180 shares were traded during trading, an increase of 39% from the previous session’s volume of 13,117 shares.The stock last traded at $108.00 and had previously closed at $107.86.

iShares Agency Bond ETF Trading Up 0.0 %

The business has a fifty day moving average of $108.40 and a 200 day moving average of $109.03.

Institutional Investors Weigh In On iShares Agency Bond ETF

Several large investors have recently added to or reduced their stakes in AGZ. Strategic Financial Concepts LLC purchased a new position in shares of iShares Agency Bond ETF in the 2nd quarter valued at about $27,000. Ashton Thomas Private Wealth LLC acquired a new position in iShares Agency Bond ETF during the 2nd quarter worth approximately $108,000. Citizens Financial Group Inc. RI increased its position in shares of iShares Agency Bond ETF by 3.6% in the 2nd quarter. Citizens Financial Group Inc. RI now owns 4,013 shares of the company’s stock valued at $432,000 after purchasing an additional 139 shares during the last quarter. Sanctuary Advisors LLC purchased a new stake in shares of iShares Agency Bond ETF in the 2nd quarter valued at approximately $731,000. Finally, Moors & Cabot Inc. raised its holdings in shares of iShares Agency Bond ETF by 64.4% in the 2nd quarter. Moors & Cabot Inc. now owns 6,896 shares of the company’s stock valued at $742,000 after purchasing an additional 2,701 shares in the last quarter. 9.74% of the stock is owned by hedge funds and other 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.