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NYSEARCA:AGZ

iShares Agency Bond ETF (AGZ) Price, Holdings, & News

iShares Agency Bond ETF logo
$108.41
+0.03 (+0.03%)
(As of 11/1/2024 ET)

About iShares Agency Bond ETF (NYSEARCA:AGZ)

Key Stats

Today's Range
$108.41
$108.90
50-Day Range
$108.41
$110.79
52-Week Range
$105.65
$110.89
Volume
29,645 shs
Average Volume
34,021 shs
Market Capitalization
$704.67 million
Assets Under Management
$703.05 million
Dividend Yield
3.41%
Net Expense Ratio
0.20%
Aggregate Rating
N/A

ETF Overview

iShares Agency Bond ETF is a subsidiary of BlackRock, Inc., the world's largest asset management company. The iShares Agency Bond ETF seeks to track the performance of the Bloomberg Barclays U.S. Agency Bond Index, made up of fixed-rate debt issued by federal agencies, such as Fannie Mae. In addition, the fund exposes high-quality government-sponsored enterprise (GSE) bonds, focusing on intermediate-term maturities.

The iShares Agency Bond ETF is managed by BlackRock Fund Advisors, led by Chief Investment Officer (CIO) Rick Rieder. Rieder has over 30 years of investment experience and has been with BlackRock since 2009. He oversees the firm's multi-sector fixed-income portfolios and is widely respected in the industry for his expertise in macroeconomics and interest rate management. 

The iShares Agency Bond ETF has total net assets of $6.9 billion as of December 31, 2022. The fund's expense ratio is 0.20%, which is relatively low compared to other fixed-income ETFs. In addition, the iShares Agency Bond ETF price-to-earnings ratio (P/E) and price-to-bok ratio (P/BO are lower than the average for the financial sector, which suggests that the fund may be undervalued relative to its peers.

The iShares Agency Bond ETF operates in the broader fixed-income market, driven by interest rates, economic growth and inflation expectations. The U.S. Federal Reserve's monetary policy significantly impacts the fixed-income market, as changes in interest rates can affect bond prices and yields. In recent years, the fixed-income market has faced challenges from low-interest rates and low inflation, which have put downward pressure on bond yields. Additionally, the fixed-income market has been impacted by regulatory changes, such as the Dodd-Frank Act, which increased oversight of financial institutions and imposed stricter capital requirements.

The iShares Agency Bond ETF may have growth opportunities in the current low-interest rate environment as investors seek higher-yielding fixed-income investments. Additionally, the fund may benefit from continued demand for high-quality government-sponsored enterprise bonds, which are seen as less risky than other fixed-income investments. The iShares Agency Bond ETF may also benefit from BlackRock's scale and resources, which could help the fund to expand its market share and develop new products.

The iShares Agency Bond ETF faces risks from changes in interest rates, which can affect the value of fixed-income securities. The fund may also be impacted by regulatory changes that could impact the GSEs and their ability to issue debt. Additionally, the fund may face competition from other fixed-income ETFs and mutual funds, affecting its market share and performance.

Another potential risk for the iShares Agency Bond ETF is the credit risk of the GSEs that issue the underlying bonds. While the bonds are considered to be high-quality and less risky than other fixed-income investments, there is still a risk of default or downgrade by the rating agencies. Furthermore, the performance of the ETF may be affected by any changes in the government's role in supporting the GSEs or modifications to the GSEs' charters.

Finally, the iShares Agency Bond ETF may face challenges related to liquidity and trading in the fixed-income market. Fixed-income markets can be less liquid than equity markets, and trading in the bond market can be more challenging due to the large number of individual bonds issued. This could impact the ETF's ability to meet investor demand for shares, leading to wider bid-ask spreads and increased volatility in the ETF's price.

iShares Agency Bond ETF Expenses

TypeAGZFixed Income ETFsNYSEARCA ETFsAll ETFs
Management Fee0.20%0.32%0.51%0.52%
Other Expenses0.00%0.27%0.58%0.53%
Total Expense0.20%0.40%0.73%0.71%
Fee Waiver0.00%-0.25%-0.68%-0.57%
Net Expense0.20%0.36%0.58%0.59%
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AGZ ETF News Headlines

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I thought what happened 25 years ago was a once- in-a-lifetime event… but how wrong I was. Because here we are, a quarter of a century later, almost to the exact day, and it’s happening again.
iShares Global Govt Bond UCITS ETF
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AGZ ETF - Frequently Asked Questions

iShares Agency Bond ETF's stock was trading at $108.43 on January 1st, 2024. Since then, AGZ shares have decreased by 0.0% and is now trading at $108.41.
View the best growth stocks for 2024 here
.

Top institutional investors of iShares Agency Bond ETF include International Assets Investment Management LLC (3.29%), Raymond James & Associates (2.93%), Mason & Associates Inc (1.95%) and Asset Management One Co. Ltd. (1.78%).

Shares of AGZ stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Based on aggregate information from My MarketBeat watchlists, some other companies that iShares Agency Bond ETF investors own include Vanguard FTSE All-World ex-US Small-Cap ETF (VSS), Alaska Air Group (ALK), Zimmer Biomet (ZBH), Union Pacific (UNP), Kanzhun (BZ), CalAmp (CAMP) and Meta Platforms (META).

Fund Details

Issuer
iShares
Fund Name
iShares Agency Bond ETF
Tax Classification
Regulated Investment Company
Current Symbol
NYSEARCA:AGZ
Inception Date
11/5/2008
Fund Manager
James Mauro, Karen Uyehara

Fund Focus

Asset Class
Fixed Income
Benchmark
Bloomberg U.S. Agency Bond Index
Category
U.S. Government
Focus
Agencies
Development Level
Developed Markets
Region
North America
Number of Holdings
139

Fund Statistics

Assets Under Management
$703.05 million
Average Daily Volume
$23,896.10
Discount/Premium
0.25%

Administrator, Advisor and Custodian

Administrator
State Street Bank and Trust Company
Advisor
BlackRock Fund Advisors
Custodian
State Street Bank and Trust Company
Distributor
BlackRock Investments, LLC
Transfer Agent
State Street Bank and Trust Company
Trustee
N/A
Lead Market Maker
Jane Street

Options

Optionable
N/A
Short Interest
31,800 shs

Miscellaneous

Beta
0.06
Creation Unit
50,000
Creation Fee
$100.00
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Top 10 AGZ Holdings

  • Federal Home Loan Banks 0.96%
    Holding Weight: 5.44%
  • Tennessee Valley Authority 6.75%
    Holding Weight: 5.18%
  • United States Treasury Bills 0%
    Holding Weight: 4.09%
  • Federal Home Loan Mortgage Corp. 0%
    Holding Weight: 3.59%
  • Federal Home Loan Mortgage Corp. 0.375%
    Holding Weight: 2.97%
  • Federal National Mortgage Association 6.625%
    Holding Weight: 2.71%
  • Federal Home Loan Banks 0.9%
    Holding Weight: 2.70%
  • Federal National Mortgage Association 6.25%
    Holding Weight: 2.58%
  • Federal National Mortgage Association 0.875%
    Holding Weight: 2.38%
  • Federal National Mortgage Association 0.75%
    Holding Weight: 2.27%

AGZ Sector Exposure

AGZ Industry Exposure


This page (NYSEARCA:AGZ) was last updated on 11/2/2024 by MarketBeat.com Staff
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