iShares Agency Bond ETF (NYSEARCA:AGZ) Sees Unusually-High Trading Volume – Time to Buy?

iShares Agency Bond ETF (NYSEARCA:AGZ) saw unusually-strong trading volume on Monday. Approximately 39,988 shares were traded during trading, an increase of 78% from the average daily volume of 22,473 shares. The stock last traded at $107.3260 and had previously closed at $107.61.

iShares Agency Bond ETF Price Performance

The company’s 50-day moving average price is $107.26 and its two-hundred day moving average price is $108.90.

Hedge Funds Weigh In On iShares Agency Bond ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in AGZ. Commonwealth Equity Services LLC bought a new stake in iShares Agency Bond ETF during the third quarter worth approximately $6,291,000. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of iShares Agency Bond ETF during the 3rd quarter valued at $1,714,000. United Asset Strategies Inc. bought a new stake in shares of iShares Agency Bond ETF in the 3rd quarter worth $347,000. Asset Management One Co. Ltd. acquired a new stake in shares of iShares Agency Bond ETF in the third quarter valued at $13,592,000. Finally, Wedbush Securities Inc. bought a new position in iShares Agency Bond ETF during the second quarter valued at about $238,000. 9.74% of the stock is owned by 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.