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

iShares Agency Bond ETF (NYSEARCA:AGZ) saw an uptick in trading volume on Monday . 10,078 shares traded hands during mid-day trading, a decline of 20% from the previous session’s volume of 12,640 shares.The stock last traded at $110.25 and had previously closed at $110.17.

iShares Agency Bond ETF Price Performance

The company has a 50-day moving average price of $110.35 and a 200 day moving average price of $110.04.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. HighTower Advisors LLC boosted its position in shares of iShares Agency Bond ETF by 11.2% during the 3rd quarter. HighTower Advisors LLC now owns 446,650 shares of the company’s stock valued at $49,297,000 after acquiring an additional 44,861 shares during the last quarter. Ameriprise Financial Inc. raised its holdings in shares of 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 buying an additional 31,920 shares during the period. Jane Street Group LLC increased its stake in iShares Agency Bond ETF by 276.3% in the first quarter. Jane Street Group LLC now owns 34,101 shares of the company’s stock worth $3,732,000 after purchasing an additional 25,039 shares during the period. Bank of New York Mellon Corp lifted its holdings in iShares Agency Bond ETF by 8.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 194,732 shares of the company’s stock valued at $21,362,000 after buying an additional 15,656 shares in the last quarter. Finally, Triton Financial Group Inc purchased a new stake in shares of iShares Agency Bond ETF in the second quarter valued at approximately $1,658,000. 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.