Meridian Management Co. increased its position in iShares Core U.S. Aggregate Bond ETF (NYSEARCA:AGG – Free Report) by 3,323.8% in the 1st quarter, HoldingsChannel reports. The fund owned 71,625 shares of the company’s stock after buying an additional 69,533 shares during the quarter. iShares Core U.S. Aggregate Bond ETF makes up about 1.8% of Meridian Management Co.’s holdings, making the stock its 14th largest holding. Meridian Management Co.’s holdings in iShares Core U.S. Aggregate Bond ETF were worth $7,110,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Valley National Advisers Inc. increased its stake in shares of iShares Core U.S. Aggregate Bond ETF by 339.0% in the fourth quarter. Valley National Advisers Inc. now owns 259 shares of the company’s stock worth $25,000 after purchasing an additional 200 shares in the last quarter. Cresta Advisors Ltd. purchased a new position in shares of iShares Core U.S. Aggregate Bond ETF during the 4th quarter valued at $25,000. Blueline Advisors LLC bought a new position in iShares Core U.S. Aggregate Bond ETF in the 4th quarter worth $25,000. First Command Advisory Services Inc. increased its stake in iShares Core U.S. Aggregate Bond ETF by 321.2% in the 4th quarter. First Command Advisory Services Inc. now owns 278 shares of the company’s stock worth $28,000 after buying an additional 212 shares in the last quarter. Finally, North Ridge Wealth Advisors Inc. bought a new stake in iShares Core U.S. Aggregate Bond ETF during the second quarter valued at about $29,000. Institutional investors own 83.63% of the company’s stock.
iShares Core U.S. Aggregate Bond ETF Stock Up 0.3%
NYSEARCA:AGG opened at $98.00 on Wednesday. The business’s 50-day simple moving average is $98.61 and its two-hundred day simple moving average is $99.44. iShares Core U.S. Aggregate Bond ETF has a 52 week low of $97.51 and a 52 week high of $101.46. The stock has a market cap of $138.28 billion, a PE ratio of 124.57 and a beta of 0.25.
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.
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