iShares Core U.S. Aggregate Bond ETF (NYSEARCA:AGG) Reaches New 12-Month Low – Time to Sell?

iShares Core U.S. Aggregate Bond ETF (NYSEARCA:AGG) shares reached a new 52-week low on Wednesday . The company traded as low as $96.63 and last traded at $96.6620, with a volume of 1541844 shares. The stock had previously closed at $96.90.

iShares Core U.S. Aggregate Bond ETF Stock Performance

The firm’s 50-day simple moving average is $97.66 and its 200 day simple moving average is $98.69. The company has a market cap of $136.47 billion, a P/E ratio of 124.57 and a beta of 0.25.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. 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. lifted its holdings in shares of iShares Core U.S. Aggregate Bond ETF by 7.0% in 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 purchasing an additional 5,514,115 shares in the last quarter. Northern Trust Corp boosted its position in shares of iShares Core U.S. Aggregate Bond ETF by 25.1% during 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 during the period. Mercer Global Advisors Inc. ADV boosted its position in shares of iShares Core U.S. Aggregate Bond ETF by 9.1% during 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 period. Finally, Valpey Financial Services LLC grew its holdings in shares of iShares Core U.S. Aggregate Bond ETF by 9,942.1% during the fourth quarter. Valpey Financial Services LLC now owns 2,872,830 shares of the company’s stock worth $286,938,000 after buying an additional 2,844,222 shares in the last quarter. Institutional investors and hedge funds 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.