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

iShares Agency Bond ETF (NYSEARCA:AGZ) shares saw unusually-high trading volume on Thursday . Approximately 42,924 shares were traded during mid-day trading, an increase of 142% from the previous session’s volume of 17,742 shares.The stock last traded at $108.49 and had previously closed at $108.49.

iShares Agency Bond ETF Price Performance

The company has a 50 day moving average of $108.84 and a 200 day moving average of $109.49.

Institutional Investors Weigh In On iShares Agency Bond ETF

A number of large investors have recently modified their holdings of AGZ. Advisory Services Network LLC acquired a new position in iShares Agency Bond ETF during the third quarter worth about $190,000. Corient Private Wealth LLC acquired a new stake in iShares Agency Bond ETF in the 2nd quarter valued at about $200,000. Godfrey Financial Associates Inc. acquired a new stake in iShares Agency Bond ETF in the 4th quarter valued at about $206,000. Portland Global Advisors LLC purchased a new position in iShares Agency Bond ETF in the 4th quarter worth approximately $220,000. Finally, StoneX Group Inc. purchased a new position in iShares Agency Bond ETF in the 4th quarter worth approximately $221,000. Hedge funds and other institutional investors own 9.74% of the company’s stock.

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.