iShares Agency Bond ETF (NYSEARCA:AGZ) Reaches New 1-Year Low – Time to Sell?

iShares Agency Bond ETF (NYSEARCA:AGZ) shares hit a new 52-week low on Tuesday . The stock traded as low as $108.02 and last traded at $107.99, with a volume of 2497 shares trading hands. The stock had previously closed at $108.35.

iShares Agency Bond ETF Stock Down 0.5%

The company’s fifty day moving average price is $108.72 and its 200-day moving average price is $109.30.

Hedge Funds Weigh In On iShares Agency Bond ETF

Hedge funds have recently added to or reduced their stakes in the stock. Advisory Services Network LLC purchased a new position in shares of iShares Agency Bond ETF during the third quarter worth approximately $190,000. Corient Private Wealth LLC purchased a new stake in shares of iShares Agency Bond ETF in the second quarter valued at approximately $200,000. Godfrey Financial Associates Inc. bought a new position in iShares Agency Bond ETF in the fourth quarter worth approximately $206,000. Portland Global Advisors LLC bought a new position in iShares Agency Bond ETF in the fourth quarter worth approximately $220,000. Finally, StoneX Group Inc. purchased a new position in iShares Agency Bond ETF during the 4th quarter worth $221,000. 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.