Bank of New York Mellon Corp Has $19.60 Million Stock Position in iShares Agency Bond ETF (NYSEARCA:AGZ)

Bank of New York Mellon Corp lifted its stake in iShares Agency Bond ETF (NYSEARCA:AGZ) by 13.1% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 179,076 shares of the company’s stock after buying an additional 20,770 shares during the period. Bank of New York Mellon Corp owned about 3.06% of iShares Agency Bond ETF worth $19,598,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. PKS Advisory Services LLC acquired a new position in shares of iShares Agency Bond ETF in the 4th quarter worth approximately $266,000. Wells Fargo & Company MN raised its position in iShares Agency Bond ETF by 38.1% in the 4th quarter. Wells Fargo & Company MN now owns 150,367 shares of the company’s stock valued at $16,234,000 after purchasing an additional 41,493 shares during the last quarter. Commonwealth Equity Services LLC boosted its stake in iShares Agency Bond ETF by 148.0% in the fourth quarter. Commonwealth Equity Services LLC now owns 24,314 shares of the company’s stock worth $2,625,000 after purchasing an additional 14,510 shares in the last quarter. Faithward Advisors LLC grew its holdings in shares of iShares Agency Bond ETF by 5.5% during the fourth quarter. Faithward Advisors LLC now owns 181,415 shares of the company’s stock worth $19,586,000 after purchasing an additional 9,459 shares during the last quarter. Finally, Fortis Capital Management LLC grew its holdings in shares of iShares Agency Bond ETF by 6.1% during the fourth quarter. Fortis Capital Management LLC now owns 13,442 shares of the company’s stock worth $1,451,000 after purchasing an additional 769 shares during the last quarter. 9.74% of the stock is owned by institutional investors and hedge funds.

iShares Agency Bond ETF Stock Up 0.1%

NYSEARCA:AGZ opened at $109.01 on Friday. The stock’s fifty day moving average price is $108.95 and its two-hundred day moving average price is $108.81. iShares Agency Bond ETF has a 52-week low of $107.30 and a 52-week high of $110.89.

iShares Agency Bond ETF 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.