iShares Agency Bond ETF (NYSEARCA:AGZ) Sees Large Volume Increase – Time to Buy?

iShares Agency Bond ETF (NYSEARCA:AGZ) shares saw unusually-strong trading volume on Thursday . Approximately 118,751 shares traded hands during mid-day trading, an increase of 177% from the previous session’s volume of 42,866 shares.The stock last traded at $108.44 and had previously closed at $108.51.

iShares Agency Bond ETF Price Performance

The firm’s 50-day moving average is $108.23 and its 200 day moving average is $109.04.

Institutional Trading of iShares Agency Bond ETF

A number of hedge funds have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. increased its stake in shares of iShares Agency Bond ETF by 241.4% during the third quarter. JPMorgan Chase & Co. now owns 53,476 shares of the company’s stock worth $5,904,000 after acquiring an additional 37,812 shares during the period. CHB Investment Group LLC acquired a new position in iShares Agency Bond ETF during the 3rd quarter worth approximately $3,015,000. Sanctuary Advisors LLC purchased a new position in shares of iShares Agency Bond ETF during the 2nd quarter worth approximately $731,000. Jaffetilchin Investment Partners LLC lifted its holdings in shares of iShares Agency Bond ETF by 5.4% in the 3rd quarter. Jaffetilchin Investment Partners LLC now owns 153,135 shares of the company’s stock valued at $16,906,000 after buying an additional 7,853 shares during the period. Finally, Asset Management One Co. Ltd. boosted its stake in shares of iShares Agency Bond ETF by 2.1% in the third quarter. Asset Management One Co. Ltd. now owns 113,705 shares of the company’s stock valued at $12,553,000 after buying an additional 2,361 shares in the last quarter. 9.74% of the stock is 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.