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

iShares Agency Bond ETF (NYSEARCA:AGZ) shares saw an uptick in 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 firm has a fifty day simple moving average of $108.84 and a 200 day simple moving average of $109.49.

Institutional Investors Weigh In On iShares Agency Bond ETF

A number of institutional investors have recently added to or reduced their stakes in the stock. Royal Bank of Canada grew its position in shares of iShares Agency Bond ETF by 2.4% in the first quarter. Royal Bank of Canada now owns 9,707 shares of the company’s stock valued at $1,063,000 after purchasing an additional 226 shares during the period. Jane Street Group LLC lifted its stake in iShares Agency Bond ETF by 276.3% in the 1st quarter. Jane Street Group LLC now owns 34,101 shares of the company’s stock valued at $3,732,000 after buying an additional 25,039 shares in the last quarter. Cerity Partners LLC acquired a new stake in iShares Agency Bond ETF in the 2nd quarter worth about $1,406,000. Raymond James Financial Inc. boosted its holdings in iShares Agency Bond ETF by 0.3% in the 2nd quarter. Raymond James Financial Inc. now owns 288,709 shares of the company’s stock worth $31,671,000 after buying an additional 749 shares during the last quarter. Finally, Ameriprise Financial Inc. increased its stake in iShares Agency Bond ETF by 146.0% during the 2nd quarter. Ameriprise Financial Inc. now owns 53,779 shares of the company’s stock worth $5,900,000 after buying an additional 31,920 shares in the last quarter. Institutional investors and hedge funds own 9.74% of the company’s stock.

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.