iShares ESG Aware U.S. Aggregate Bond ETF (NYSEARCA:EAGG) Sets New 1-Year Low – Time to Sell?

Shares of iShares ESG Aware U.S. Aggregate Bond ETF (NYSEARCA:EAGG) hit 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 traded. The stock had previously closed at $46.81.

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

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

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in EAGG. Motco boosted its holdings in iShares ESG Aware U.S. Aggregate Bond ETF by 11.2% during the 4th quarter. Motco now owns 2,362 shares of the company’s stock valued at $113,000 after acquiring an additional 238 shares during the period. Manning & Napier Advisors LLC increased its stake in iShares ESG Aware U.S. Aggregate Bond ETF by 9.6% during the fourth quarter. Manning & Napier Advisors LLC now owns 4,223 shares of the company’s stock worth $202,000 after purchasing an additional 370 shares during the period. Spinnaker Trust lifted its position in shares of iShares ESG Aware U.S. Aggregate Bond ETF by 2.1% during the fourth quarter. Spinnaker Trust now owns 17,870 shares of the company’s stock worth $855,000 after purchasing an additional 370 shares in the last quarter. Farmers National Bank lifted its position in shares of iShares ESG Aware U.S. Aggregate Bond ETF by 6.5% during the first quarter. Farmers National Bank now owns 6,614 shares of the company’s stock worth $314,000 after purchasing an additional 401 shares in the last quarter. Finally, Venturi Wealth Management LLC lifted its position in shares of iShares ESG Aware U.S. Aggregate Bond ETF by 3.9% during the fourth quarter. Venturi Wealth Management LLC now owns 13,726 shares of the company’s stock worth $657,000 after purchasing an additional 509 shares in 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.