iShares ESG Aware U.S. Aggregate Bond ETF (NYSEARCA:EAGG) Sets New 52-Week Low – Should You Sell?

Shares of iShares ESG Aware U.S. Aggregate Bond ETF (NYSEARCA:EAGG) reached a new 52-week low during trading on Thursday . The company traded as low as $46.60 and last traded at $46.62, with a volume of 3710 shares trading hands. The stock had previously closed at $46.81.

iShares ESG Aware U.S. Aggregate Bond ETF Stock Down 0.3%

The stock’s 50 day simple moving average is $47.17 and its two-hundred day simple moving average is $47.59.

Hedge Funds Weigh In On iShares ESG Aware U.S. Aggregate Bond ETF

A number of institutional investors have recently added to or reduced their stakes in the stock. NewEdge Advisors LLC boosted its stake in iShares ESG Aware U.S. Aggregate Bond ETF by 19.0% during the second quarter. NewEdge Advisors LLC now owns 77,690 shares of the company’s stock worth $3,693,000 after buying an additional 12,394 shares during the last quarter. Captrust Financial Advisors raised its holdings in shares of iShares ESG Aware U.S. Aggregate Bond ETF by 4.5% during the 2nd quarter. Captrust Financial Advisors now owns 62,354 shares of the company’s stock worth $2,964,000 after acquiring an additional 2,659 shares during the period. Flow Traders U.S. LLC purchased a new position in shares of iShares ESG Aware U.S. Aggregate Bond ETF during the 3rd quarter worth $1,533,000. Integrated Wealth Concepts LLC raised its holdings in shares of iShares ESG Aware U.S. Aggregate Bond ETF by 5.9% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 32,774 shares of the company’s stock worth $1,574,000 after acquiring an additional 1,828 shares during the period. Finally, Hilltop Partners LLC boosted its position in shares of iShares ESG Aware U.S. Aggregate Bond ETF by 17.7% during the 3rd quarter. Hilltop Partners LLC now owns 13,552 shares of the company’s stock valued at $651,000 after acquiring an additional 2,040 shares during the last quarter.

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.