iShares Core U.S. Aggregate Bond ETF (NYSEARCA:AGG) Sets New 12-Month Low – Here’s What Happened

iShares Core U.S. Aggregate Bond ETF (NYSEARCA:AGG)’s share price reached a new 52-week low during mid-day trading on Tuesday. The company traded as low as $94.48 and last traded at $94.65, with a volume of 14248452 shares changing hands. The stock had previously closed at $95.12.

iShares Core U.S. Aggregate Bond ETF Trading Down 0.1%

The firm’s 50-day simple moving average is $96.86 and its 200 day simple moving average is $98.14. The stock has a market cap of $135.67 billion, a P/E ratio of 124.57 and a beta of 0.25.

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

A number of institutional investors and hedge funds have recently added to or reduced their stakes in AGG. SkyView Investment Advisors LLC bought a new stake in iShares Core U.S. Aggregate Bond ETF during the 2nd quarter valued at $99,000. Talon Private Wealth LLC boosted its position in iShares Core U.S. Aggregate Bond ETF by 7.5% during the 2nd quarter. Talon Private Wealth LLC now owns 6,574 shares of the company’s stock worth $651,000 after acquiring an additional 456 shares during the period. U S Wealth Group LLC. grew its stake in shares of iShares Core U.S. Aggregate Bond ETF by 28.5% in the second quarter. U S Wealth Group LLC. now owns 125,476 shares of the company’s stock worth $12,420,000 after purchasing an additional 27,848 shares in the last quarter. Capstone Financial Advisors Inc. grew its stake in shares of iShares Core U.S. Aggregate Bond ETF by 1.6% in the second quarter. Capstone Financial Advisors Inc. now owns 87,126 shares of the company’s stock worth $8,624,000 after purchasing an additional 1,333 shares in the last quarter. Finally, Blue Edge Capital LLC grew its stake in shares of iShares Core U.S. Aggregate Bond ETF by 17.8% in the second quarter. Blue Edge Capital LLC now owns 6,302 shares of the company’s stock worth $624,000 after purchasing an additional 950 shares in the last quarter. 83.63% of the stock is owned by institutional investors.

iShares Core U.S. Aggregate Bond ETF Company Profile

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.