Cornerstone Wealth Group LLC Sells 199,645 Shares of iShares Core U.S. Aggregate Bond ETF (NYSEARCA:AGG)

Cornerstone Wealth Group LLC trimmed its holdings in iShares Core U.S. Aggregate Bond ETF (NYSEARCA:AGG) by 29.0% during the first quarter, Holdings Channel reports. The firm owned 488,530 shares of the company’s stock after selling 199,645 shares during the quarter. iShares Core U.S. Aggregate Bond ETF comprises about 4.0% of Cornerstone Wealth Group LLC’s holdings, making the stock its 4th largest position. Cornerstone Wealth Group LLC’s holdings in iShares Core U.S. Aggregate Bond ETF were worth $48,325,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Harbour Capital Advisors LLC bought a new stake in iShares Core U.S. Aggregate Bond ETF in the 1st quarter valued at about $203,000. Ledyard National Bank increased its position in iShares Core U.S. Aggregate Bond ETF by 34.1% in the 1st quarter. Ledyard National Bank now owns 7,771 shares of the company’s stock valued at $769,000 after buying an additional 1,977 shares in the last quarter. Smith & Howard Wealth Management LLC increased its position in iShares Core U.S. Aggregate Bond ETF by 16.8% in the 1st quarter. Smith & Howard Wealth Management LLC now owns 713,245 shares of the company’s stock valued at $70,554,000 after buying an additional 102,609 shares in the last quarter. Consolidated Portfolio Review Corp increased its position in iShares Core U.S. Aggregate Bond ETF by 1.7% in the 1st quarter. Consolidated Portfolio Review Corp now owns 11,421 shares of the company’s stock valued at $1,130,000 after buying an additional 189 shares in the last quarter. Finally, Professional Financial Advisors LLC increased its position in iShares Core U.S. Aggregate Bond ETF by 0.6% in the 1st quarter. Professional Financial Advisors LLC now owns 668,874 shares of the company’s stock valued at $66,165,000 after buying an additional 4,138 shares in the last quarter. 83.63% of the stock is owned by institutional investors and hedge funds.

iShares Core U.S. Aggregate Bond ETF Price Performance

Shares of iShares Core U.S. Aggregate Bond ETF stock opened at $98.42 on Tuesday. The business has a 50-day simple moving average of $97.83 and a 200 day simple moving average of $97.76. The firm has a market capitalization of $124.99 billion, a price-to-earnings ratio of 124.57 and a beta of 0.24. iShares Core U.S. Aggregate Bond ETF has a one year low of $95.74 and a one year high of $102.04.

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.