Steele Capital Management Inc. Makes New $71.14 Million Investment in iShares Agency Bond ETF $AGZ

Steele Capital Management Inc. acquired a new position in shares of iShares Agency Bond ETF (NYSEARCA:AGZ) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 675,359 shares of the company’s stock, valued at approximately $71,142,000. iShares Agency Bond ETF accounts for 2.6% of Steele Capital Management Inc.’s holdings, making the stock its 14th biggest holding. Steele Capital Management Inc. owned 11.16% of iShares Agency Bond ETF as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the business. Bank of New York Mellon Corp lifted its holdings in iShares Agency Bond ETF by 24.7% during 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 in the last quarter. Asset Management One Co. Ltd. acquired a new stake in shares of iShares Agency Bond ETF during the third quarter worth about $13,592,000. Bank of America Corp DE raised its position in shares of iShares Agency Bond ETF by 7.6% during the first quarter. Bank of America Corp DE now owns 65,696 shares of the company’s stock worth $7,207,000 after purchasing an additional 4,622 shares during the period. Commonwealth Equity Services LLC acquired a new stake in shares of iShares Agency Bond ETF during the third quarter worth about $6,291,000. Finally, Greenleaf Trust bought a new position in shares of iShares Agency Bond ETF during the 2nd quarter valued at about $5,153,000. Institutional investors and hedge funds own 9.74% of the company’s stock.

iShares Agency Bond ETF Trading Up 0.3%

NYSEARCA:AGZ opened at $107.83 on Friday. The business’s 50-day simple moving average is $107.16 and its 200-day simple moving average is $108.84. iShares Agency Bond ETF has a fifty-two week low of $105.96 and a fifty-two week high of $110.99.

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.