iShares Agency Bond ETF (NYSEARCA:AGZ) Sets New 52-Week Low – Time to Sell?

iShares Agency Bond ETF (NYSEARCA:AGZ) shares hit a new 52-week low on Monday . The stock traded as low as $108.25 and last traded at $108.25, with a volume of 1813 shares. The stock had previously closed at $108.44.

iShares Agency Bond ETF Price Performance

The stock’s fifty day simple moving average is $108.88 and its 200-day simple moving average is $109.53.

Hedge Funds Weigh In On iShares Agency Bond ETF

Several hedge funds have recently bought and sold shares of AGZ. Bank of New York Mellon Corp raised its position in shares of iShares Agency Bond ETF by 24.7% during the 1st quarter. Bank of New York Mellon Corp now owns 312,585 shares of the company’s stock valued at $34,294,000 after acquiring an additional 61,831 shares in the last quarter. Ameriprise Financial Inc. boosted its holdings in iShares Agency Bond ETF by 146.0% in the second quarter. Ameriprise Financial Inc. now owns 53,779 shares of the company’s stock worth $5,900,000 after purchasing an additional 31,920 shares during the period. Stifel Financial Corp boosted its holdings in 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 purchasing an additional 29,378 shares during the period. HighTower Advisors LLC increased its stake in iShares Agency Bond ETF by 6.2% during the fourth quarter. HighTower Advisors LLC now owns 474,523 shares of the company’s stock valued at $52,316,000 after purchasing an additional 27,873 shares during the last quarter. Finally, Jane Street Group LLC increased its stake in iShares Agency Bond ETF by 276.3% during the first quarter. Jane Street Group LLC now owns 34,101 shares of the company’s stock valued at $3,732,000 after purchasing an additional 25,039 shares during the last quarter. 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.