iShares ESG Aware U.S. Aggregate Bond ETF (NYSEARCA:EAGG) Sees Unusually-High Trading Volume – Here’s Why

iShares ESG Aware U.S. Aggregate Bond ETF (NYSEARCA:EAGG) shares saw strong trading volume on Wednesday . 587,776 shares changed hands during trading, an increase of 62% from the previous session’s volume of 361,819 shares.The stock last traded at $47.46 and had previously closed at $47.30.

iShares ESG Aware U.S. Aggregate Bond ETF Trading Up 0.3%

The company has a 50 day moving average of $47.69 and a 200-day moving average of $47.92.

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

A number of hedge funds have recently bought and sold shares of the stock. Valeo Financial Advisors LLC raised its position in iShares ESG Aware U.S. Aggregate Bond ETF by 0.9% in the 3rd quarter. Valeo Financial Advisors LLC now owns 24,163 shares of the company’s stock valued at $1,161,000 after purchasing an additional 227 shares in the last quarter. Motco lifted its stake in iShares ESG Aware U.S. Aggregate Bond ETF by 11.2% in the fourth quarter. Motco now owns 2,362 shares of the company’s stock worth $113,000 after acquiring an additional 238 shares during the last quarter. Manning & Napier Advisors LLC lifted its stake in iShares ESG Aware U.S. Aggregate Bond ETF by 9.6% in the fourth quarter. Manning & Napier Advisors LLC now owns 4,223 shares of the company’s stock worth $202,000 after acquiring an additional 370 shares during the last quarter. Spinnaker Trust lifted its stake in iShares ESG Aware U.S. Aggregate Bond ETF by 2.1% in the fourth quarter. Spinnaker Trust now owns 17,870 shares of the company’s stock worth $855,000 after acquiring an additional 370 shares during the last quarter. Finally, Farmers National Bank lifted its stake in iShares ESG Aware U.S. Aggregate Bond ETF by 8.6% in the third quarter. Farmers National Bank now owns 6,041 shares of the company’s stock worth $290,000 after acquiring an additional 477 shares during the last quarter.

About iShares ESG Aware U.S. Aggregate Bond ETF

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.