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

iShares Core U.S. Aggregate Bond ETF (NYSEARCA:AGG)’s share price hit a new 52-week low during mid-day trading on Friday . The stock traded as low as $97.25 and last traded at $97.26, with a volume of 6136643 shares traded. The stock had previously closed at $97.62.

iShares Core U.S. Aggregate Bond ETF Stock Performance

The company’s 50 day moving average price is $98.43 and its 200-day moving average price is $99.25. The stock has a market cap of $137.23 billion, a P/E ratio of 124.57 and a beta of 0.25.

Institutional Trading of iShares Core U.S. Aggregate Bond ETF

A number of large investors have recently bought and sold shares of AGG. Bank of America Corp DE boosted its stake in iShares Core U.S. Aggregate Bond ETF by 29.6% in the 1st quarter. Bank of America Corp DE now owns 69,660,482 shares of the company’s stock worth $6,915,196,000 after purchasing an additional 15,923,080 shares during the period. Raymond James Financial Inc. increased its position in shares of iShares Core U.S. Aggregate Bond ETF by 7.0% during the fourth quarter. Raymond James Financial Inc. now owns 84,760,819 shares of the company’s stock valued at $8,465,912,000 after buying an additional 5,514,115 shares during the period. Northern Trust Corp lifted its holdings in shares of iShares Core U.S. Aggregate Bond ETF by 25.1% in the fourth quarter. Northern Trust Corp now owns 20,705,925 shares of the company’s stock worth $2,068,108,000 after buying an additional 4,148,106 shares in the last quarter. Mercer Global Advisors Inc. ADV lifted its holdings in shares of 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 in the last quarter. Finally, Constellation Investments Inc. lifted its holdings in shares of iShares Core U.S. Aggregate Bond ETF by 70.2% in the fourth quarter. Constellation Investments Inc. now owns 7,062,919 shares of the company’s stock worth $705,444,000 after buying an additional 2,914,000 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.