iShares ESG Aware U.S. Aggregate Bond ETF (NYSEARCA:EAGG) Hits New 1-Year Low – Here’s Why

iShares ESG Aware U.S. Aggregate Bond ETF (NYSEARCA:EAGG)’s share price hit a new 52-week low during trading on Wednesday . The company traded as low as $46.25 and last traded at $46.2750, with a volume of 135680 shares changing hands. The stock had previously closed at $46.41.

iShares ESG Aware U.S. Aggregate Bond ETF Stock Down 0.2%

The stock has a 50 day moving average of $46.77 and a two-hundred day moving average of $47.27.

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

Hedge funds and other institutional investors have recently modified their holdings of the stock. VSM Wealth Advisory LLC grew its holdings in shares of iShares ESG Aware U.S. Aggregate Bond ETF by 917.6% in the 4th quarter. VSM Wealth Advisory LLC now owns 692 shares of the company’s stock worth $33,000 after acquiring an additional 624 shares during the period. Hollencrest Capital Management purchased a new position in shares of iShares ESG Aware U.S. Aggregate Bond ETF during the 1st quarter worth $35,000. Financial Avengers Inc. purchased a new stake in iShares ESG Aware U.S. Aggregate Bond ETF in the 1st quarter valued at about $35,000. Triumph Capital Management acquired a new stake in shares of iShares ESG Aware U.S. Aggregate Bond ETF in the third quarter worth approximately $51,000. Finally, First Bancorp Inc ME purchased a new stake in iShares ESG Aware U.S. Aggregate Bond ETF in the second quarter valued at approximately $55,000.

iShares ESG Aware U.S. Aggregate Bond ETF Company Profile

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.