Destination Wealth Management Boosts Stake in iShares Core U.S. Aggregate Bond ETF $AGG

Destination Wealth Management increased its stake in iShares Core U.S. Aggregate Bond ETF (NYSEARCA:AGG) by 3.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,593,546 shares of the company’s stock after purchasing an additional 54,567 shares during the quarter. iShares Core U.S. Aggregate Bond ETF makes up approximately 4.2% of Destination Wealth Management’s portfolio, making the stock its 2nd biggest holding. Destination Wealth Management owned 0.12% of iShares Core U.S. Aggregate Bond ETF worth $159,163,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Blueline Advisors LLC bought a new stake in shares of iShares Core U.S. Aggregate Bond ETF in the 4th quarter worth approximately $25,000. Cresta Advisors Ltd. purchased a new position in iShares Core U.S. Aggregate Bond ETF in the 4th quarter valued at approximately $25,000. Valley National Advisers Inc. grew its stake 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 buying an additional 200 shares in the last quarter. First Command Advisory Services Inc. grew its stake in iShares Core U.S. Aggregate Bond ETF by 321.2% in the 4th quarter. First Command Advisory Services Inc. now owns 278 shares of the company’s stock valued at $28,000 after buying an additional 212 shares in the last quarter. Finally, Wiser Advisor Group LLC purchased a new position in iShares Core U.S. Aggregate Bond ETF in the 3rd quarter valued at approximately $29,000. Institutional investors own 83.63% of the company’s stock.

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

iShares Core U.S. Aggregate Bond ETF stock opened at $98.76 on Friday. iShares Core U.S. Aggregate Bond ETF has a 1-year low of $97.51 and a 1-year high of $101.46. The firm has a market capitalization of $134.94 billion, a price-to-earnings ratio of 124.57 and a beta of 0.25. The firm has a 50 day simple moving average of $98.94 and a 200 day simple moving average of $99.68.

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.