iShares Agency Bond ETF (NYSEARCA:AGZ) Sets 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 $108.26 and last traded at $108.26, with a volume of 19134 shares. The stock had previously closed at $108.46.

iShares Agency Bond ETF Stock Up 0.1%

The firm’s 50-day moving average price is $108.92 and its 200 day moving average price is $109.62.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in AGZ. Vista Cima Wealth Management LLC boosted its position in iShares Agency Bond ETF by 0.6% in the fourth quarter. Vista Cima Wealth Management LLC now owns 18,315 shares of the company’s stock valued at $2,019,000 after buying an additional 118 shares in the last quarter. Comerica Bank lifted its stake in shares of iShares Agency Bond ETF by 6.5% in the 4th quarter. Comerica Bank now owns 2,045 shares of the company’s stock valued at $225,000 after acquiring an additional 125 shares during the last quarter. Smartleaf Asset Management LLC lifted its stake in shares of iShares Agency Bond ETF by 2.7% in the 2nd quarter. Smartleaf Asset Management LLC now owns 5,552 shares of the company’s stock valued at $608,000 after acquiring an additional 147 shares during the last quarter. Focus Financial Network Inc. boosted its holdings in shares of iShares Agency Bond ETF by 0.6% during the 2nd quarter. Focus Financial Network Inc. now owns 24,394 shares of the company’s stock valued at $2,666,000 after acquiring an additional 149 shares in the last quarter. Finally, Royal Bank of Canada boosted its holdings in shares of iShares Agency Bond ETF by 2.4% during the 1st quarter. Royal Bank of Canada now owns 9,707 shares of the company’s stock valued at $1,063,000 after acquiring an additional 226 shares in the last quarter. 9.74% of the stock is currently owned by institutional investors and hedge funds.

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.