iShares Core U.S. Aggregate Bond ETF (NYSEARCA:AGG) Hits New 1-Year High – What’s Next?

iShares Core U.S. Aggregate Bond ETF (NYSEARCA:AGG) hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $101.40 and last traded at $101.35, with a volume of 1381018 shares. The stock had previously closed at $101.20.

iShares Core U.S. Aggregate Bond ETF Trading Up 0.2%

The firm has a fifty day moving average of $100.24 and a 200 day moving average of $100.18. The company has a market capitalization of $140.12 billion, a P/E ratio of 124.57 and a beta of 0.25.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AGG. Bank of America Corp DE lifted its holdings in shares of iShares Core U.S. Aggregate Bond ETF by 16.0% during the 4th quarter. Bank of America Corp DE now owns 53,737,402 shares of the company’s stock valued at $5,367,292,000 after buying an additional 7,411,242 shares during the period. Raymond James Financial Inc. increased its position in 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 acquiring an additional 5,514,115 shares during the last quarter. Mercer Global Advisors Inc. ADV increased its position in iShares Core U.S. Aggregate Bond ETF by 17.5% during the third quarter. Mercer Global Advisors Inc. ADV now owns 33,227,135 shares of the company’s stock valued at $3,331,020,000 after acquiring an additional 4,942,715 shares during the last quarter. Northern Trust Corp lifted its holdings in 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 valued at $2,068,108,000 after acquiring an additional 4,148,106 shares during the period. Finally, Constellation Investments Inc. boosted its position in 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 purchasing an additional 2,914,000 shares during the last quarter. Institutional investors own 83.63% of the company’s stock.

About iShares Core U.S. Aggregate Bond ETF

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.