Simplify Aggregate Bond ETF (NYSEARCA:AGGH) Reaches New 12-Month Low – Here’s Why

Simplify Aggregate Bond ETF (NYSEARCA:AGGH) reached a new 52-week low on Monday . The company traded as low as $19.32 and last traded at $19.4250, with a volume of 2824 shares traded. The stock had previously closed at $19.47.

Simplify Aggregate Bond ETF Stock Down 0.2%

The company has a fifty day simple moving average of $19.87 and a 200-day simple moving average of $20.19.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. IHT Wealth Management LLC acquired a new stake in Simplify Aggregate Bond ETF during the second quarter worth about $873,000. Thrivent Financial for Lutherans purchased a new stake in shares of Simplify Aggregate Bond ETF in the 2nd quarter valued at approximately $818,000. Citadel Advisors LLC purchased a new stake in shares of Simplify Aggregate Bond ETF in the 3rd quarter valued at approximately $498,000. Prosperity Wealth Management Inc. increased its holdings in shares of Simplify Aggregate Bond ETF by 7.9% during the 3rd quarter. Prosperity Wealth Management Inc. now owns 59,301 shares of the company’s stock worth $1,228,000 after buying an additional 4,342 shares during the last quarter. Finally, Susquehanna International Group LLP acquired a new stake in shares of Simplify Aggregate Bond ETF during the 3rd quarter worth approximately $1,498,000.

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.