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

iShares Agency Bond ETF (NYSEARCA:AGZ) hit a new 52-week low during trading on Wednesday. The company traded as low as $107.09 and last traded at $107.1240, with a volume of 5463 shares trading hands. The stock had previously closed at $107.51.

iShares Agency Bond ETF Stock Performance

The firm’s 50 day simple moving average is $108.23 and its 200 day simple moving average is $108.93.

Hedge Funds Weigh In On iShares Agency Bond ETF

Large investors have recently added to or reduced their stakes in the business. Godfrey Financial Associates Inc. purchased a new stake in iShares Agency Bond ETF during the fourth quarter valued at about $206,000. Portland Global Advisors LLC purchased a new position in shares of iShares Agency Bond ETF in the fourth quarter worth about $220,000. Fifth Third Bancorp purchased a new position in shares of iShares Agency Bond ETF in the first quarter worth about $224,000. Wedbush Securities Inc. bought a new stake in shares of iShares Agency Bond ETF in the 2nd quarter valued at about $238,000. Finally, Elevation Point Wealth Partners LLC boosted its holdings in iShares Agency Bond ETF by 23.1% during the 1st quarter. Elevation Point Wealth Partners LLC now owns 4,485 shares of the company’s stock valued at $492,000 after acquiring an additional 843 shares during the period. Hedge funds and other institutional investors own 9.74% of the company’s stock.

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.