iShares Agency Bond ETF (NYSEARCA:AGZ) Sees Large Volume Increase – Here’s What Happened

iShares Agency Bond ETF (NYSEARCA:AGZ) saw strong trading volume on Tuesday . 518,993 shares traded hands during trading, an increase of 1,454% from the previous session’s volume of 33,393 shares.The stock last traded at $109.11 and had previously closed at $109.24.

iShares Agency Bond ETF Stock Performance

The company’s 50 day simple moving average is $108.43 and its 200-day simple moving average is $108.93.

Institutional Trading of iShares Agency Bond ETF

Several large investors have recently added to or reduced their stakes in AGZ. TRUE Private Wealth Advisors lifted its position in shares of iShares Agency Bond ETF by 113.3% during the 3rd quarter. TRUE Private Wealth Advisors now owns 751,689 shares of the company’s stock valued at $82,987,000 after buying an additional 399,263 shares in the last quarter. HighTower Advisors LLC lifted its holdings in iShares Agency Bond ETF by 15.7% during the fourth quarter. HighTower Advisors LLC now owns 362,856 shares of the company’s stock valued at $39,174,000 after purchasing an additional 49,237 shares in the last quarter. Stifel Financial Corp boosted its position in shares of iShares Agency Bond ETF by 2.1% in the fourth quarter. Stifel Financial Corp now owns 358,986 shares of the company’s stock worth $38,758,000 after purchasing an additional 7,300 shares during the period. Raymond James Financial Inc. purchased a new stake in shares of iShares Agency Bond ETF in the fourth quarter worth $24,834,000. Finally, Faithward Advisors LLC raised its position in shares of iShares Agency Bond ETF by 5.5% during the 4th quarter. Faithward Advisors LLC now owns 181,415 shares of the company’s stock valued at $19,586,000 after purchasing an additional 9,459 shares during the period. 9.74% of the stock is currently owned by institutional investors.

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.