Phillips Financial Management LLC Trims Stake in iShares Core U.S. Aggregate Bond ETF $AGG

Phillips Financial Management LLC reduced its holdings in shares of iShares Core U.S. Aggregate Bond ETF (NYSEARCA:AGG) by 7.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 240,317 shares of the company’s stock after selling 18,787 shares during the period. iShares Core U.S. Aggregate Bond ETF comprises 1.5% of Phillips Financial Management LLC’s portfolio, making the stock its 18th largest holding. Phillips Financial Management LLC’s holdings in iShares Core U.S. Aggregate Bond ETF were worth $24,003,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. CWC Advisors LLC. bought a new position in shares of iShares Core U.S. Aggregate Bond ETF in the fourth quarter worth approximately $1,236,000. Merit Financial Group LLC boosted its position in shares of iShares Core U.S. Aggregate Bond ETF by 76.3% in the fourth quarter. Merit Financial Group LLC now owns 176,777 shares of the company’s stock worth $17,657,000 after purchasing an additional 76,494 shares during the period. Heritage Wealth Management Inc. boosted its position in shares of iShares Core U.S. Aggregate Bond ETF by 25.0% in the fourth quarter. Heritage Wealth Management Inc. now owns 24,534 shares of the company’s stock worth $2,450,000 after purchasing an additional 4,907 shares during the period. AE Wealth Management LLC boosted its position in shares of iShares Core U.S. Aggregate Bond ETF by 9.5% in the fourth quarter. AE Wealth Management LLC now owns 75,123 shares of the company’s stock worth $7,503,000 after purchasing an additional 6,548 shares during the period. Finally, Oxinas Partners LLC boosted its position in shares of iShares Core U.S. Aggregate Bond ETF by 8.4% in the fourth quarter. Oxinas Partners LLC now owns 33,955 shares of the company’s stock worth $3,391,000 after purchasing an additional 2,625 shares during the period. 83.63% of the stock is owned by hedge funds and other institutional investors.

iShares Core U.S. Aggregate Bond ETF Price Performance

AGG opened at $99.85 on Friday. The firm has a market cap of $136.35 billion, a P/E ratio of 124.57 and a beta of 0.27. iShares Core U.S. Aggregate Bond ETF has a 1-year low of $96.66 and a 1-year high of $101.46. The company has a 50 day simple moving average of $99.90 and a two-hundred day simple moving average of $100.13.

iShares Core U.S. Aggregate Bond ETF 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.