iShares Core U.S. Aggregate Bond ETF (NYSEARCA:AGG) Reaches New 12-Month High – Should You Buy?

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

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

The company has a market capitalization of $140.13 billion, a price-to-earnings ratio of 124.57 and a beta of 0.25. The stock’s fifty day simple moving average is $100.27 and its 200-day simple moving average is $100.21.

Institutional Trading of iShares Core U.S. Aggregate Bond ETF

Several hedge funds have recently modified their holdings of AGG. Arwa LLC acquired a new position in iShares Core U.S. Aggregate Bond ETF during the 4th quarter worth $540,000. Topor & Co. Korea purchased a new position in shares of iShares Core U.S. Aggregate Bond ETF in the 4th quarter valued at about $3,531,000. SG Trading Solutions LLC acquired a new position in shares of iShares Core U.S. Aggregate Bond ETF during the fourth quarter worth about $13,663,000. Stone Wealth Partners purchased a new stake in shares of iShares Core U.S. Aggregate Bond ETF during the fourth quarter worth approximately $5,065,000. Finally, Lynch Investment Planning LLC purchased a new stake in shares of iShares Core U.S. Aggregate Bond ETF during the fourth quarter worth approximately $5,058,000. 83.63% of the stock is currently owned by institutional investors and hedge funds.

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.