iShares Agency Bond ETF (NYSEARCA:AGZ) Sees Strong Trading Volume – Here’s Why

iShares Agency Bond ETF (NYSEARCA:AGZ) shares saw unusually-high trading volume on Monday . Approximately 18,180 shares traded hands during mid-day trading, an increase of 39% from the previous session’s volume of 13,117 shares.The stock last traded at $108.00 and had previously closed at $107.86.

iShares Agency Bond ETF Stock Performance

The company has a 50 day moving average price of $108.45 and a 200 day moving average price of $109.03.

Hedge Funds Weigh In On iShares Agency Bond ETF

A number of large investors have recently made changes to their positions in the company. Bank of New York Mellon Corp boosted its holdings in iShares Agency Bond ETF by 19.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 118,577 shares of the company’s stock valued at $12,761,000 after purchasing an additional 19,608 shares during the period. Commonwealth Equity Services LLC grew its position in iShares Agency Bond ETF by 9.3% during the second quarter. Commonwealth Equity Services LLC now owns 8,317 shares of the company’s stock worth $895,000 after buying an additional 711 shares in the last quarter. Strategic Financial Concepts LLC bought a new position in iShares Agency Bond ETF during the 2nd quarter worth $27,000. Fiducient Advisors LLC acquired a new position in iShares Agency Bond ETF in the 2nd quarter valued at $1,235,000. Finally, Ashton Thomas Private Wealth LLC bought a new stake in shares of iShares Agency Bond ETF during the 2nd quarter valued at $108,000. 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.