iShares Agency Bond ETF (NYSEARCA:AGZ) Hits New 12-Month Low – Should You Sell?

iShares Agency Bond ETF (NYSEARCA:AGZ)’s stock price reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $107.22 and last traded at $107.32, with a volume of 15344 shares changing hands. The stock had previously closed at $107.42.

iShares Agency Bond ETF Price Performance

The business has a 50-day simple moving average of $108.38 and a 200 day simple moving average of $109.04.

Hedge Funds Weigh In On iShares Agency Bond ETF

A number of hedge funds have recently modified their holdings of AGZ. Vista Cima Wealth Management LLC boosted its stake in iShares Agency Bond ETF by 0.6% in the fourth quarter. Vista Cima Wealth Management LLC now owns 18,315 shares of the company’s stock valued at $2,019,000 after acquiring an additional 118 shares in the last quarter. Focus Financial Network Inc. grew its stake in iShares Agency Bond ETF by 0.6% during the 2nd quarter. Focus Financial Network Inc. now owns 24,394 shares of the company’s stock valued at $2,666,000 after purchasing an additional 149 shares during the last quarter. Insight Advisors LLC PA boosted its position in iShares Agency Bond ETF by 2.1% in the first quarter. Insight Advisors LLC PA now owns 13,718 shares of the company’s stock valued at $1,505,000 after buying an additional 276 shares during the last quarter. Fiducient Advisors LLC boosted its holdings in shares of iShares Agency Bond ETF by 2.2% in the 4th quarter. Fiducient Advisors LLC now owns 13,555 shares of the company’s stock valued at $1,494,000 after acquiring an additional 289 shares during the last quarter. Finally, Rehmann Capital Advisory Group boosted its holdings in iShares Agency Bond ETF by 2.9% in the fourth quarter. Rehmann Capital Advisory Group now owns 11,871 shares of the company’s stock valued at $1,309,000 after purchasing an additional 338 shares during the last quarter. 9.74% of the stock is currently owned by 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.