iShares Agency Bond ETF (NYSEARCA:AGZ) Sees Strong Trading Volume – Should You Buy?

iShares Agency Bond ETF (NYSEARCA:AGZ) shares saw unusually-high trading volume on Wednesday . Approximately 166,866 shares changed hands during trading, an increase of 234% from the previous session’s volume of 49,986 shares.The stock last traded at $108.07 and had previously closed at $108.30.

iShares Agency Bond ETF Stock Performance

The company has a fifty day moving average price of $108.27 and a two-hundred day moving average price of $109.03.

Hedge Funds Weigh In On iShares Agency Bond ETF

A number of hedge funds have recently modified their holdings of the business. Sanctuary Advisors LLC bought a new stake in iShares Agency Bond ETF in the second quarter valued at approximately $731,000. Fluent Financial LLC boosted its stake in shares of iShares Agency Bond ETF by 17.5% in the 3rd quarter. Fluent Financial LLC now owns 23,470 shares of the company’s stock valued at $2,591,000 after purchasing an additional 3,488 shares during the last quarter. Ignite Planners LLC raised its stake in iShares Agency Bond ETF by 52.2% during the third quarter. Ignite Planners LLC now owns 12,245 shares of the company’s stock worth $1,352,000 after buying an additional 4,199 shares during the last quarter. CHB Investment Group LLC acquired a new position in iShares Agency Bond ETF in the third quarter valued at $3,015,000. Finally, Raymond James & Associates boosted its position in iShares Agency Bond ETF by 15.5% during the third quarter. Raymond James & Associates now owns 187,540 shares of the company’s stock valued at $20,704,000 after acquiring an additional 25,204 shares during the last quarter. Institutional investors and hedge funds 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.