iShares Agency Bond ETF (NYSEARCA:AGZ) Sees Unusually-High Trading Volume – Here’s What Happened

Shares of iShares Agency Bond ETF (NYSEARCA:AGZ) saw unusually-strong trading volume on Friday . 57,010 shares changed hands during trading, an increase of 217% from the previous session’s volume of 17,996 shares.The stock last traded at $108.53 and had previously closed at $108.78.

iShares Agency Bond ETF Price Performance

The company has a fifty day moving average price of $108.77 and a 200-day moving average price of $109.36.

Institutional Trading of iShares Agency Bond ETF

Hedge funds have recently modified their holdings of the company. Advisory Services Network LLC purchased a new position in shares of iShares Agency Bond ETF in the third quarter valued at $190,000. Corient Private Wealth LLC bought a new position in iShares Agency Bond ETF during the second quarter valued at $200,000. Godfrey Financial Associates Inc. purchased a new position in shares of iShares Agency Bond ETF in the 4th quarter worth $206,000. Portland Global Advisors LLC purchased a new position in shares of iShares Agency Bond ETF in the 4th quarter worth $220,000. Finally, StoneX Group Inc. bought a new position in shares of iShares Agency Bond ETF in the 4th quarter valued at about $221,000. 9.74% of the stock is owned by hedge funds and other 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.