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

iShares Core U.S. Aggregate Bond ETF (NYSEARCA:AGG)’s share price reached a new 52-week low on Thursday . The stock traded as low as $97.32 and last traded at $97.34, with a volume of 333449 shares traded. The stock had previously closed at $97.58.

iShares Core U.S. Aggregate Bond ETF Stock Performance

The company has a market cap of $137.43 billion, a P/E ratio of 124.57 and a beta of 0.25. The stock has a 50-day moving average of $98.49 and a two-hundred day moving average of $99.35.

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

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