Prudential Financial Inc. Buys 510,558 Shares of iShares Core U.S. Aggregate Bond ETF $AGG

Prudential Financial Inc. raised its position in shares of iShares Core U.S. Aggregate Bond ETF (NYSEARCA:AGG) by 10.6% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,347,030 shares of the company’s stock after acquiring an additional 510,558 shares during the period. iShares Core U.S. Aggregate Bond ETF makes up approximately 0.7% of Prudential Financial Inc.’s investment portfolio, making the stock its 22nd largest position. Prudential Financial Inc. owned about 0.41% of iShares Core U.S. Aggregate Bond ETF worth $522,325,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in AGG. Briaud Financial Planning Inc bought a new stake in iShares Core U.S. Aggregate Bond ETF in the 1st quarter valued at $25,000. Angeles Investment Advisors LLC bought a new stake in shares of iShares Core U.S. Aggregate Bond ETF in the second quarter valued at about $26,000. AlphaCore Capital LLC bought a new stake in shares of iShares Core U.S. Aggregate Bond ETF in the first quarter valued at about $40,000. Atlas Capital Advisors Inc. grew its stake in shares of iShares Core U.S. Aggregate Bond ETF by 66.7% in the first quarter. Atlas Capital Advisors Inc. now owns 500 shares of the company’s stock valued at $49,000 after acquiring an additional 200 shares in the last quarter. Finally, MJT & Associates Financial Advisory Group Inc. bought a new position in iShares Core U.S. Aggregate Bond ETF during the first quarter worth about $56,000. Institutional investors and hedge funds own 83.63% of the company’s stock.

iShares Core U.S. Aggregate Bond ETF Stock Up 0.2%

Shares of iShares Core U.S. Aggregate Bond ETF stock opened at $100.44 on Friday. The stock has a market capitalization of $135.16 billion, a price-to-earnings ratio of 124.57 and a beta of 0.25. iShares Core U.S. Aggregate Bond ETF has a twelve month low of $95.74 and a twelve month high of $101.35. The company has a 50-day simple moving average of $100.44 and a two-hundred day simple moving average of $99.17.

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.