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

Shares of iShares Agency Bond ETF (NYSEARCA:AGZ) saw unusually-strong trading volume on Monday. 39,988 shares were traded during trading, an increase of 78% from the average daily volume of 22,473 shares. The stock last traded at $107.3260 and had previously closed at $107.61.

iShares Agency Bond ETF Stock Down 0.2%

The stock has a fifty day moving average price of $107.26 and a 200-day moving average price of $108.90.

Hedge Funds Weigh In On iShares Agency Bond ETF

Institutional investors have recently bought and sold shares of the stock. Bank of New York Mellon Corp boosted its position 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 purchasing an additional 61,831 shares during the period. Asset Management One Co. Ltd. bought a new position in iShares Agency Bond ETF during the third quarter valued at about $13,592,000. Bank of America Corp DE raised its stake in shares of iShares Agency Bond ETF by 7.6% in the first quarter. Bank of America Corp DE now owns 65,696 shares of the company’s stock valued at $7,207,000 after purchasing an additional 4,622 shares in the last quarter. Commonwealth Equity Services LLC bought a new position in shares of iShares Agency Bond ETF during the 3rd quarter worth about $6,291,000. Finally, Greenleaf Trust bought a new position in iShares Agency Bond ETF during the second quarter worth about $5,153,000. 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.