iShares Core U.S. Aggregate Bond ETF (NYSEARCA:AGG) Hits New 12-Month Low – What’s Next?

iShares Core U.S. Aggregate Bond ETF (NYSEARCA:AGG)’s stock price reached a new 52-week low on Friday . The company traded as low as $97.25 and last traded at $97.26, with a volume of 6136643 shares trading hands. The stock had previously closed at $97.62.

iShares Core U.S. Aggregate Bond ETF Price Performance

The firm’s 50 day moving average price is $98.43 and its 200 day moving average price is $99.25. The stock has a market capitalization of $137.23 billion, a P/E ratio of 124.57 and a beta of 0.25.

Institutional Investors Weigh In On iShares Core U.S. Aggregate Bond ETF

Several hedge funds have recently bought and sold shares of AGG. Raymond James Financial Inc. lifted its holdings in shares of iShares Core U.S. Aggregate Bond ETF by 7.0% during the fourth quarter. Raymond James Financial Inc. now owns 84,760,819 shares of the company’s stock valued at $8,465,912,000 after purchasing an additional 5,514,115 shares during the last quarter. Bank of America Corp DE grew its stake in shares of iShares Core U.S. Aggregate Bond ETF by 29.6% in the 1st quarter. Bank of America Corp DE now owns 69,660,482 shares of the company’s stock worth $6,915,196,000 after buying an additional 15,923,080 shares during the last quarter. US Bancorp DE increased its position in iShares Core U.S. Aggregate Bond ETF by 1.2% during the 4th quarter. US Bancorp DE now owns 42,844,111 shares of the company’s stock valued at $4,279,296,000 after buying an additional 489,837 shares in the last quarter. Mercer Global Advisors Inc. ADV increased its position in iShares Core U.S. Aggregate Bond ETF by 9.1% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 36,259,568 shares of the company’s stock valued at $3,621,605,000 after buying an additional 3,032,433 shares in the last quarter. Finally, Morgan Stanley raised its stake in iShares Core U.S. Aggregate Bond ETF by 4.0% during the fourth quarter. Morgan Stanley now owns 32,483,415 shares of the company’s stock valued at $3,244,444,000 after buying an additional 1,245,217 shares during the last quarter. Institutional investors own 83.63% of the company’s stock.

About iShares Core U.S. Aggregate Bond ETF

IShares are index funds that are bought and sold like common stocks on national securities exchanges as well as certain foreign exchanges. iShares are attractive because of their relatively low cost, tax efficiency and trading flexibility. Investors can purchase and sell shares through any brokerage firm, financial advisor, or online broker, and hold the funds in any type of brokerage account.