Simplify Aggregate Bond ETF (NYSEARCA:AGGH) Reaches New 1-Year Low – What’s Next?

Simplify Aggregate Bond ETF (NYSEARCA:AGGH)’s stock price hit a new 52-week low on Wednesday . The stock traded as low as $19.81 and last traded at $19.81, with a volume of 28777 shares. The stock had previously closed at $19.89.

Simplify Aggregate Bond ETF Trading Down 0.4%

The firm’s 50-day moving average is $20.15 and its 200-day moving average is $20.43.

Institutional Investors Weigh In On Simplify Aggregate Bond ETF

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Simplify Asset Management Inc. lifted its position in Simplify Aggregate Bond ETF by 13.4% during the first quarter. Simplify Asset Management Inc. now owns 2,109,127 shares of the company’s stock valued at $42,921,000 after purchasing an additional 250,000 shares in the last quarter. Gradient Investments LLC purchased a new stake in Simplify Aggregate Bond ETF in the second quarter worth about $37,475,000. AE Wealth Management LLC raised its stake in shares of Simplify Aggregate Bond ETF by 57.0% in the fourth quarter. AE Wealth Management LLC now owns 767,382 shares of the company’s stock worth $15,885,000 after buying an additional 278,738 shares during the period. Stadion Money Management LLC lifted its position in shares of Simplify Aggregate Bond ETF by 1.4% during the 1st quarter. Stadion Money Management LLC now owns 687,642 shares of the company’s stock valued at $13,994,000 after buying an additional 9,501 shares in the last quarter. Finally, Great Diamond Partners LLC lifted its position in shares of Simplify Aggregate Bond ETF by 4.2% during the 4th quarter. Great Diamond Partners LLC now owns 480,607 shares of the company’s stock valued at $9,949,000 after buying an additional 19,530 shares in the last quarter.

About Simplify Aggregate Bond ETF

The Simplify Aggregate Bond PLUS Credit Hedge ETF (AGGH) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is a fund-of-funds that seeks total return by providing exposure to US investment-grade bonds combined with several credit hedging strategies. The fund is actively managed. AGGH was launched on Feb 14, 2022 and is managed by Simplify.