iShares Agency Bond ETF (NYSEARCA:AGZ) Hits New 1-Year Low – Here’s Why

Shares of iShares Agency Bond ETF (NYSEARCA:AGZ) hit a new 52-week low during trading on Tuesday . The company traded as low as $108.15 and last traded at $108.15, with a volume of 1733 shares trading hands. The stock had previously closed at $108.78.

iShares Agency Bond ETF Stock Performance

The company’s fifty day simple moving average is $108.77 and its two-hundred day simple moving average is $109.35.

Institutional Investors Weigh In On iShares Agency Bond ETF

A number of institutional investors and hedge funds have recently made changes to their positions in AGZ. HighTower Advisors LLC boosted its stake in iShares Agency Bond ETF by 6.2% during the 4th quarter. HighTower Advisors LLC now owns 474,523 shares of the company’s stock valued at $52,316,000 after purchasing an additional 27,873 shares during the last quarter. Stifel Financial Corp raised its stake in shares of iShares Agency Bond ETF by 7.4% in the fourth quarter. Stifel Financial Corp now owns 426,879 shares of the company’s stock worth $47,067,000 after purchasing an additional 29,378 shares during the last quarter. Bank of New York Mellon Corp raised its stake in shares of 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 purchasing an additional 61,831 shares during the last quarter. Raymond James Financial Inc. lifted its holdings in shares of iShares Agency Bond ETF by 1.7% in the third quarter. Raymond James Financial Inc. now owns 293,497 shares of the company’s stock valued at $32,393,000 after purchasing an additional 4,788 shares in the last quarter. Finally, Syon Capital LLC lifted its holdings in shares of iShares Agency Bond ETF by 0.7% in the fourth quarter. Syon Capital LLC now owns 191,462 shares of the company’s stock valued at $21,109,000 after purchasing an additional 1,375 shares in the last quarter. Institutional investors and hedge funds 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.