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)’s stock price hit a new 52-week low during trading on Wednesday. The stock traded as low as $95.64 and last traded at $95.6660, with a volume of 5441683 shares traded. The stock had previously closed at $96.25.

iShares Core U.S. Aggregate Bond ETF Price Performance

The company has a market cap of $135.90 billion, a price-to-earnings ratio of 124.57 and a beta of 0.25. The firm’s 50 day simple moving average is $97.11 and its 200-day simple moving average is $98.28.

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

Several large investors have recently modified their holdings of AGG. Empower Annuity Insurance Co purchased a new stake in iShares Core U.S. Aggregate Bond ETF during the second quarter worth about $267,968,630,000. Bank of America Corp DE increased its holdings in iShares Core U.S. Aggregate Bond ETF by 29.6% in the first quarter. Bank of America Corp DE now owns 69,660,482 shares of the company’s stock valued at $6,915,196,000 after buying an additional 15,923,080 shares in the last quarter. LPL Financial LLC increased its holdings in iShares Core U.S. Aggregate Bond ETF by 19.6% in the fourth quarter. LPL Financial LLC now owns 14,085,361 shares of the company’s stock valued at $1,406,846,000 after buying an additional 2,304,418 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of iShares Core U.S. Aggregate Bond ETF by 6.2% during the 4th quarter. JPMorgan Chase & Co. now owns 12,335,314 shares of the company’s stock valued at $1,232,051,000 after acquiring an additional 716,579 shares during the period. Finally, Northwestern Mutual Wealth Management Co. lifted its position in shares of iShares Core U.S. Aggregate Bond ETF by 3.5% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 12,278,036 shares of the company’s stock valued at $1,226,330,000 after acquiring an additional 412,320 shares during the period. Hedge funds and other institutional investors 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.