Destination Wealth Management Grows Stock Holdings in iShares Core U.S. Aggregate Bond ETF $AGG

Destination Wealth Management raised its holdings in shares of iShares Core U.S. Aggregate Bond ETF (NYSEARCA:AGG) by 5.4% during the 3rd quarter, HoldingsChannel reports. The fund owned 1,538,979 shares of the company’s stock after acquiring an additional 79,110 shares during the quarter. iShares Core U.S. Aggregate Bond ETF comprises approximately 4.2% of Destination Wealth Management’s portfolio, making the stock its 2nd biggest holding. Destination Wealth Management’s holdings in iShares Core U.S. Aggregate Bond ETF were worth $154,283,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of AGG. Angeles Investment Advisors LLC purchased a new stake in shares of iShares Core U.S. Aggregate Bond ETF in the 2nd quarter worth $26,000. North Ridge Wealth Advisors Inc. purchased a new position in iShares Core U.S. Aggregate Bond ETF during the second quarter valued at $29,000. Collier Financial purchased a new position in iShares Core U.S. Aggregate Bond ETF during the third quarter valued at $31,000. JCIC Asset Management Inc. bought a new stake in iShares Core U.S. Aggregate Bond ETF during the third quarter valued at about $32,000. Finally, Evolution Wealth Management Inc. purchased a new stake in iShares Core U.S. Aggregate Bond ETF in the third quarter worth about $40,000. Institutional investors own 83.63% of the company’s stock.

iShares Core U.S. Aggregate Bond ETF Stock Down 0.1%

NYSEARCA AGG opened at $99.21 on Monday. The stock’s 50-day moving average price is $100.30 and its 200-day moving average price is $100.28. iShares Core U.S. Aggregate Bond ETF has a 52 week low of $96.15 and a 52 week high of $101.46. The company has a market capitalization of $137.11 billion, a P/E ratio of 124.57 and a beta of 0.25.

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.