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

iShares Agency Bond ETF (NYSEARCA:AGZ) shares saw strong trading volume on Monday . 18,180 shares changed 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 Trading Up 0.1 %

The company’s 50-day moving average is $108.45 and its 200-day moving average is $109.03.

Institutional Inflows and Outflows

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