Brave Asset Management Inc. Acquires Shares of 262,056 iShares Core U.S. Aggregate Bond ETF (NYSEARCA:AGG)

Brave Asset Management Inc. purchased a new position in iShares Core U.S. Aggregate Bond ETF (NYSEARCA:AGGGet Rating) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 262,056 shares of the company’s stock, valued at approximately $26,646,000. iShares Core U.S. Aggregate Bond ETF makes up about 11.9% of Brave Asset Management Inc.’s investment portfolio, making the stock its biggest holding.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Lpwm LLC raised its holdings in shares of iShares Core U.S. Aggregate Bond ETF by 883.9% in the first quarter. Lpwm LLC now owns 110,492 shares of the company’s stock valued at $11,630,000 after buying an additional 99,262 shares during the last quarter. Foundations Investment Advisors LLC grew its position in iShares Core U.S. Aggregate Bond ETF by 30.6% in the second quarter. Foundations Investment Advisors LLC now owns 4,921 shares of the company’s stock valued at $501,000 after acquiring an additional 1,154 shares during the last quarter. Glassy Mountain Advisors Inc. increased its holdings in iShares Core U.S. Aggregate Bond ETF by 4.3% in the first quarter. Glassy Mountain Advisors Inc. now owns 23,785 shares of the company’s stock worth $2,547,000 after purchasing an additional 977 shares in the last quarter. Bailard Inc. bought a new stake in shares of iShares Core U.S. Aggregate Bond ETF during the first quarter valued at approximately $221,000. Finally, Gradient Investments LLC boosted its position in iShares Core U.S. Aggregate Bond ETF by 109.1% in the second quarter. Gradient Investments LLC now owns 2,486 shares of the company’s stock worth $253,000 after purchasing an additional 1,297 shares during the last quarter. Institutional investors own 82.23% of the company’s stock.

iShares Core U.S. Aggregate Bond ETF Stock Performance

AGG traded down $0.41 during trading on Friday, reaching $97.09. 253,850 shares of the company were exchanged, compared to its average volume of 6,465,061. The company’s 50-day moving average is $101.53 and its two-hundred day moving average is $102.91. iShares Core U.S. Aggregate Bond ETF has a 12-month low of $97.40 and a 12-month high of $115.94.

iShares Core U.S. Aggregate Bond ETF Profile

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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.

Further Reading

Institutional Ownership by Quarter for iShares Core U.S. Aggregate Bond ETF (NYSEARCA:AGG)

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