Abound Wealth Management Grows Position in iShares Core U.S. Aggregate Bond ETF $AGG

Abound Wealth Management grew its holdings in iShares Core U.S. Aggregate Bond ETF (NYSEARCA:AGG) by 6.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 510,029 shares of the company’s stock after buying an additional 29,191 shares during the period. iShares Core U.S. Aggregate Bond ETF accounts for about 10.0% of Abound Wealth Management’s portfolio, making the stock its 2nd biggest holding. Abound Wealth Management’s holdings in iShares Core U.S. Aggregate Bond ETF were worth $50,483,000 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. Valley National Advisers Inc. increased its holdings in shares of iShares Core U.S. Aggregate Bond ETF by 339.0% during the 4th quarter. Valley National Advisers Inc. now owns 259 shares of the company’s stock worth $25,000 after acquiring an additional 200 shares during the last quarter. Cresta Advisors Ltd. acquired a new stake in iShares Core U.S. Aggregate Bond ETF during the 4th quarter valued at $25,000. Blueline Advisors LLC acquired a new stake in iShares Core U.S. Aggregate Bond ETF during the 4th quarter valued at $25,000. First Command Advisory Services Inc. boosted its position in iShares Core U.S. Aggregate Bond ETF by 321.2% during the fourth quarter. First Command Advisory Services Inc. now owns 278 shares of the company’s stock worth $28,000 after purchasing an additional 212 shares during the period. Finally, Wiser Advisor Group LLC bought a new position in iShares Core U.S. Aggregate Bond ETF during the third quarter worth $29,000. 83.63% of the stock is currently owned by institutional investors.

iShares Core U.S. Aggregate Bond ETF Price Performance

NYSEARCA:AGG opened at $97.32 on Wednesday. The company has a market cap of $137.33 billion, a P/E ratio of 124.57 and a beta of 0.25. The firm’s fifty day moving average price is $98.22 and its two-hundred day moving average price is $99.10. iShares Core U.S. Aggregate Bond ETF has a one year low of $97.12 and a one year high of $101.46.

iShares Core U.S. Aggregate Bond ETF Company 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.