PSI Advisors LLC Trims Stock Holdings in iShares Core U.S. Aggregate Bond ETF (NYSEARCA:AGG)

PSI Advisors LLC lowered its stake in iShares Core U.S. Aggregate Bond ETF (NYSEARCA:AGG) by 44.3% during the first quarter, HoldingsChannel reports. The institutional investor owned 679 shares of the company’s stock after selling 540 shares during the quarter. PSI Advisors LLC’s holdings in iShares Core U.S. Aggregate Bond ETF were worth $67,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the stock. Brighton Jones LLC grew its holdings in shares of iShares Core U.S. Aggregate Bond ETF by 238.0% in the fourth quarter. Brighton Jones LLC now owns 9,984 shares of the company’s stock valued at $967,000 after purchasing an additional 7,030 shares in the last quarter. Revolve Wealth Partners LLC raised its stake in shares of iShares Core U.S. Aggregate Bond ETF by 50.0% in the fourth quarter. Revolve Wealth Partners LLC now owns 9,127 shares of the company’s stock valued at $884,000 after acquiring an additional 3,044 shares in the last quarter. Vontobel Holding Ltd. purchased a new position in iShares Core U.S. Aggregate Bond ETF in the fourth quarter valued at $594,000. Principal Financial Group Inc. boosted its holdings in iShares Core U.S. Aggregate Bond ETF by 6.0% in the fourth quarter. Principal Financial Group Inc. now owns 156,560 shares of the company’s stock valued at $15,171,000 after purchasing an additional 8,857 shares during the period. Finally, Kestra Investment Management LLC acquired a new position in iShares Core U.S. Aggregate Bond ETF during the 4th quarter worth $540,000. Hedge funds and other institutional investors own 83.63% of the company’s stock.

iShares Core U.S. Aggregate Bond ETF Stock Performance

AGG stock opened at $98.13 on Thursday. iShares Core U.S. Aggregate Bond ETF has a fifty-two week low of $95.74 and a fifty-two week high of $102.04. The company’s 50 day moving average price is $97.77 and its 200 day moving average price is $97.79. The firm has a market capitalization of $124.63 billion, a price-to-earnings ratio of 124.57 and a beta of 0.24.

About iShares Core U.S. Aggregate Bond ETF

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.