iShares ESG Aware U.S. Aggregate Bond ETF (NYSEARCA:EAGG) Hits New 12-Month Low – Time to Sell?

iShares ESG Aware U.S. Aggregate Bond ETF (NYSEARCA:EAGG) reached a new 52-week low on Wednesday . The stock traded as low as $46.25 and last traded at $46.2750, with a volume of 135680 shares trading hands. The stock had previously closed at $46.41.

iShares ESG Aware U.S. Aggregate Bond ETF Stock Performance

The firm has a 50 day moving average price of $46.73 and a 200-day moving average price of $47.24.

Hedge Funds Weigh In On iShares ESG Aware U.S. Aggregate Bond ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in EAGG. Motco boosted its stake in iShares ESG Aware U.S. Aggregate Bond ETF by 11.2% during the 4th quarter. Motco now owns 2,362 shares of the company’s stock valued at $113,000 after purchasing an additional 238 shares during the period. Spinnaker Trust increased its position in iShares ESG Aware U.S. Aggregate Bond ETF by 2.1% in the 4th quarter. Spinnaker Trust now owns 17,870 shares of the company’s stock worth $855,000 after buying an additional 370 shares during the period. Farmers National Bank increased its position in iShares ESG Aware U.S. Aggregate Bond ETF by 6.5% in the 1st quarter. Farmers National Bank now owns 6,614 shares of the company’s stock worth $314,000 after buying an additional 401 shares during the period. VSM Wealth Advisory LLC lifted its holdings in shares of iShares ESG Aware U.S. Aggregate Bond ETF by 917.6% during the fourth quarter. VSM Wealth Advisory LLC now owns 692 shares of the company’s stock worth $33,000 after buying an additional 624 shares during the last quarter. Finally, Fisher Asset Management LLC lifted its holdings in shares of iShares ESG Aware U.S. Aggregate Bond ETF by 14.5% during the fourth quarter. Fisher Asset Management LLC now owns 5,217 shares of the company’s stock worth $250,000 after buying an additional 662 shares during the last quarter.

iShares ESG Aware U.S. Aggregate Bond ETF Company Profile

The iShares ESG U.S. Aggregate Bond ETF (EAGG) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a market-value-weighted index of US dollar-denominated bonds from issuers evaluated for favorable ESG practices. EAGG was launched on Oct 18, 2018 and is managed by BlackRock.