iShares Agency Bond ETF (NYSEARCA:AGZ) Hits New 12-Month Low – Should You Sell?

iShares Agency Bond ETF (NYSEARCA:AGZ) shares hit a new 52-week low during trading on Tuesday . The company traded as low as $108.02 and last traded at $107.99, with a volume of 2497 shares traded. The stock had previously closed at $108.35.

iShares Agency Bond ETF Price Performance

The firm has a 50 day moving average price of $108.72 and a 200 day moving average price of $109.30.

Institutional Investors Weigh In On iShares Agency Bond ETF

Institutional investors have recently bought and sold shares of the business. Advisory Services Network LLC purchased a new position in shares of iShares Agency Bond ETF in the third quarter valued at about $190,000. Corient Private Wealth LLC bought a new stake in iShares Agency Bond ETF during the 2nd quarter valued at approximately $200,000. Godfrey Financial Associates Inc. purchased a new position in iShares Agency Bond ETF in the 4th quarter worth approximately $206,000. Portland Global Advisors LLC purchased a new stake in iShares Agency Bond ETF during the 4th quarter valued at approximately $220,000. Finally, StoneX Group Inc. bought a new stake in shares of iShares Agency Bond ETF during the fourth quarter valued at approximately $221,000. Hedge funds and other 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.