Merkkuri Wealth Advisors LLC Has $3.18 Million Stock Position in iShares Core U.S. Aggregate Bond ETF (NYSEARCA:AGG)

Merkkuri Wealth Advisors LLC trimmed its position in iShares Core U.S. Aggregate Bond ETF (NYSEARCA:AGG) by 9.0% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 32,176 shares of the company’s stock after selling 3,197 shares during the period. iShares Core U.S. Aggregate Bond ETF comprises approximately 2.7% of Merkkuri Wealth Advisors LLC’s holdings, making the stock its 11th largest holding. Merkkuri Wealth Advisors LLC’s holdings in iShares Core U.S. Aggregate Bond ETF were worth $3,183,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in AGG. Prevail Innovative Wealth Advisors LLC boosted its holdings in shares of iShares Core U.S. Aggregate Bond ETF by 32.1% during the fourth quarter. Prevail Innovative Wealth Advisors LLC now owns 17,314 shares of the company’s stock worth $1,678,000 after purchasing an additional 4,207 shares during the period. Diversified Enterprises LLC boosted its holdings in shares of iShares Core U.S. Aggregate Bond ETF by 6.6% during the fourth quarter. Diversified Enterprises LLC now owns 122,104 shares of the company’s stock worth $11,832,000 after purchasing an additional 7,526 shares during the period. WealthTrust Asset Management LLC boosted its holdings in shares of iShares Core U.S. Aggregate Bond ETF by 0.3% during the fourth quarter. WealthTrust Asset Management LLC now owns 59,467 shares of the company’s stock worth $5,762,000 after purchasing an additional 198 shares during the period. Howe & Rusling Inc. boosted its holdings in shares of iShares Core U.S. Aggregate Bond ETF by 96.9% during the fourth quarter. Howe & Rusling Inc. now owns 8,691 shares of the company’s stock worth $842,000 after purchasing an additional 4,277 shares during the period. Finally, Invesco Ltd. acquired a new stake in shares of iShares Core U.S. Aggregate Bond ETF during the fourth quarter worth approximately $9,181,000. 83.63% of the stock is currently owned by institutional investors and hedge funds.

iShares Core U.S. Aggregate Bond ETF Stock Performance

AGG stock opened at $98.22 on Friday. The stock has a market cap of $124.74 billion, a P/E ratio of 124.57 and a beta of 0.24. The firm has a 50 day simple moving average of $97.81 and a 200 day simple moving average of $97.78. iShares Core U.S. Aggregate Bond ETF has a 52 week low of $95.74 and a 52 week high of $102.04.

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.