iShares ESG Aware U.S. Aggregate Bond ETF (NYSEARCA:EAGG) Sets New 12-Month Low – Here’s Why

iShares ESG Aware U.S. Aggregate Bond ETF (NYSEARCA:EAGG)’s stock price hit a new 52-week low on Friday . The company traded as low as $46.58 and last traded at $46.59, with a volume of 103932 shares traded. The stock had previously closed at $46.75.

iShares ESG Aware U.S. Aggregate Bond ETF Stock Performance

The firm has a fifty day simple moving average of $47.14 and a two-hundred day simple moving average of $47.54.

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

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in EAGG. Mallini Complete Financial Planning LLC raised its holdings in iShares ESG Aware U.S. Aggregate Bond ETF by 1.2% during the 2nd quarter. Mallini Complete Financial Planning LLC now owns 64,694 shares of the company’s stock valued at $3,067,000 after buying an additional 752 shares during the period. CX Institutional grew its stake in iShares ESG Aware U.S. Aggregate Bond ETF by 24.2% in the 2nd quarter. CX Institutional now owns 64,181 shares of the company’s stock worth $3,043,000 after acquiring an additional 12,523 shares in the last quarter. Farmers National Bank raised its position in iShares ESG Aware U.S. Aggregate Bond ETF by 6.5% during the 1st quarter. Farmers National Bank now owns 6,614 shares of the company’s stock valued at $314,000 after purchasing an additional 401 shares in the last quarter. FinArc Investments Inc. bought a new stake in shares of iShares ESG Aware U.S. Aggregate Bond ETF in the first quarter valued at about $720,000. Finally, Financial Avengers Inc. purchased a new stake in shares of iShares ESG Aware U.S. Aggregate Bond ETF in the 1st quarter worth approximately $35,000.

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.