iShares ESG Aware U.S. Aggregate Bond ETF (NYSEARCA:EAGG) Sees Unusually-High Trading Volume – Should You Buy?

iShares ESG Aware U.S. Aggregate Bond ETF (NYSEARCA:EAGG) saw unusually-strong trading volume on Friday . Approximately 613,453 shares traded hands during mid-day trading, an increase of 82% from the previous session’s volume of 337,838 shares.The stock last traded at $47.30 and had previously closed at $47.06.

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

The company’s fifty day moving average is $46.99 and its two-hundred day moving average is $47.20.

Institutional Trading of iShares ESG Aware U.S. Aggregate Bond ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in EAGG. JPMorgan Chase & Co. lifted its position in iShares ESG Aware U.S. Aggregate Bond ETF by 8.3% during the third quarter. JPMorgan Chase & Co. now owns 7,222,624 shares of the company’s stock valued at $350,947,000 after purchasing an additional 553,330 shares during the period. Bank of New York Mellon Corp boosted its stake in shares of iShares ESG Aware U.S. Aggregate Bond ETF by 1.9% in the fourth quarter. Bank of New York Mellon Corp now owns 561,454 shares of the company’s stock worth $26,074,000 after buying an additional 10,286 shares during the last quarter. Financial Network Wealth Management LLC boosted its stake in shares of iShares ESG Aware U.S. Aggregate Bond ETF by 6.5% in the fourth quarter. Financial Network Wealth Management LLC now owns 369,912 shares of the company’s stock worth $17,178,000 after buying an additional 22,560 shares during the last quarter. Baird Financial Group Inc. grew its holdings in iShares ESG Aware U.S. Aggregate Bond ETF by 0.6% during the fourth quarter. Baird Financial Group Inc. now owns 318,192 shares of the company’s stock worth $14,777,000 after acquiring an additional 1,827 shares during the period. Finally, Bear Mountain Capital Inc. raised its position in iShares ESG Aware U.S. Aggregate Bond ETF by 19.5% during the fourth quarter. Bear Mountain Capital Inc. now owns 64,134 shares of the company’s stock valued at $2,978,000 after acquiring an additional 10,463 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.