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

iShares Agency Bond ETF (NYSEARCA:AGZ)’s share price hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $107.65 and last traded at $107.62, with a volume of 1755 shares trading hands. The stock had previously closed at $108.03.

iShares Agency Bond ETF Price Performance

The stock has a 50 day moving average of $108.50 and a 200-day moving average of $109.14.

Institutional Investors Weigh In On iShares Agency Bond ETF

Several hedge funds have recently modified their holdings of AGZ. Bank of New York Mellon Corp raised its holdings in iShares Agency Bond ETF by 24.7% in the first quarter. Bank of New York Mellon Corp now owns 312,585 shares of the company’s stock valued at $34,294,000 after buying an additional 61,831 shares during the period. Greenleaf Trust purchased a new stake in iShares Agency Bond ETF during the second quarter worth approximately $5,153,000. Ameriprise Financial Inc. grew its stake in iShares Agency Bond ETF by 146.0% during the second 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 during the period. Stifel Financial Corp increased its position in shares of iShares Agency Bond ETF by 7.4% in the fourth quarter. Stifel Financial Corp now owns 426,879 shares of the company’s stock worth $47,067,000 after acquiring an additional 29,378 shares in the last quarter. Finally, HighTower Advisors LLC raised its stake in shares of iShares Agency Bond ETF by 6.2% in the 4th quarter. HighTower Advisors LLC now owns 474,523 shares of the company’s stock valued at $52,316,000 after acquiring an additional 27,873 shares during the period. 9.74% of the stock is owned by hedge funds and other institutional investors.

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.