iShares Agency Bond ETF (NYSEARCA:AGZ) Trading 0.4% Higher – Should You Buy?

iShares Agency Bond ETF (NYSEARCA:AGZ) rose 0.4% during mid-day trading on Wednesday . The company traded as high as $110.26 and last traded at $110.19. Approximately 9,454 shares were traded during trading, a decline of 53% from the average daily volume of 20,313 shares. The stock had previously closed at $109.76.

iShares Agency Bond ETF Stock Up 0.4%

The company has a fifty day simple moving average of $110.22 and a two-hundred day simple moving average of $110.18.

Institutional Trading of iShares Agency Bond ETF

A number of hedge funds have recently added to or reduced their stakes in the business. Ameritas Advisory Services LLC acquired a new position in shares of iShares Agency Bond ETF during the 2nd quarter valued at about $26,000. MAI Capital Management increased its position in iShares Agency Bond ETF by 1,342.9% during the third quarter. MAI Capital Management now owns 505 shares of the company’s stock worth $56,000 after purchasing an additional 470 shares during the last quarter. Advisory Services Network LLC purchased a new position in iShares Agency Bond ETF during the third quarter worth approximately $190,000. Corient Private Wealth LLC purchased a new position in iShares Agency Bond ETF during the second quarter worth approximately $200,000. Finally, Godfrey Financial Associates Inc. acquired a new position in shares of iShares Agency Bond ETF in the 4th quarter valued at $206,000. 9.74% of the stock is owned by institutional investors and hedge funds.

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.