REDW Wealth LLC Trims Holdings in iShares Core U.S. Aggregate Bond ETF $AGG

REDW Wealth LLC lessened its stake in iShares Core U.S. Aggregate Bond ETF (NYSEARCA:AGG) by 8.7% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 71,583 shares of the company’s stock after selling 6,831 shares during the quarter. iShares Core U.S. Aggregate Bond ETF makes up about 2.7% of REDW Wealth LLC’s investment portfolio, making the stock its 10th largest position. REDW Wealth LLC’s holdings in iShares Core U.S. Aggregate Bond ETF were worth $7,150,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Valley National Advisers Inc. increased its holdings in iShares Core U.S. Aggregate Bond ETF by 339.0% in the 4th quarter. Valley National Advisers Inc. now owns 259 shares of the company’s stock valued at $25,000 after acquiring an additional 200 shares during the last quarter. Wiser Advisor Group LLC purchased a new stake in iShares Core U.S. Aggregate Bond ETF in the 3rd quarter worth $29,000. North Ridge Wealth Advisors Inc. bought a new position in shares of iShares Core U.S. Aggregate Bond ETF during the 2nd quarter valued at about $29,000. Collier Financial bought a new position in shares of iShares Core U.S. Aggregate Bond ETF during the 3rd quarter valued at about $31,000. Finally, JCIC Asset Management Inc. purchased a new position in shares of iShares Core U.S. Aggregate Bond ETF during the third quarter valued at about $32,000. Institutional investors own 83.63% of the company’s stock.

iShares Core U.S. Aggregate Bond ETF Trading Down 0.2%

Shares of AGG stock opened at $99.45 on Friday. The stock has a market capitalization of $135.85 billion, a price-to-earnings ratio of 124.57 and a beta of 0.27. iShares Core U.S. Aggregate Bond ETF has a 12-month low of $96.66 and a 12-month high of $101.46. The stock’s 50-day moving average price is $99.84 and its 200-day moving average price is $100.12.

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.