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

iShares Core U.S. Aggregate Bond ETF (NYSEARCA:AGG) shares reached a new 52-week low on Wednesday . The stock traded as low as $96.63 and last traded at $96.6620, with a volume of 1541844 shares traded. The stock had previously closed at $96.90.

iShares Core U.S. Aggregate Bond ETF Price Performance

The company has a market capitalization of $135.54 billion, a P/E ratio of 124.57 and a beta of 0.25. The stock’s fifty day simple moving average is $97.57 and its 200-day simple moving average is $98.63.

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

Several large investors have recently added to or reduced their stakes in the company. Blueline Advisors LLC acquired a new position in shares of iShares Core U.S. Aggregate Bond ETF in the 4th quarter valued at $25,000. First Command Advisory Services Inc. boosted its holdings in shares of iShares Core U.S. Aggregate Bond ETF by 321.2% in the 4th quarter. First Command Advisory Services Inc. now owns 278 shares of the company’s stock worth $28,000 after acquiring an additional 212 shares in the last quarter. Wiser Advisor Group LLC bought a new stake in shares of iShares Core U.S. Aggregate Bond ETF during the third quarter worth $29,000. North Ridge Wealth Advisors Inc. bought a new stake in iShares Core U.S. Aggregate Bond ETF during the 2nd quarter worth about $29,000. Finally, Safe Harbor Fiduciary LLC bought a new stake in shares of iShares Core U.S. Aggregate Bond ETF during the fourth quarter valued at approximately $29,000. Institutional investors and hedge funds own 83.63% of the company’s stock.

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.