iShares Core U.S. Aggregate Bond ETF $AGG is Destination Wealth Management’s 2nd Largest Position

Destination Wealth Management raised its position in iShares Core U.S. Aggregate Bond ETF (NYSEARCA:AGG) by 3.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,593,546 shares of the company’s stock after purchasing an additional 54,567 shares during the period. iShares Core U.S. Aggregate Bond ETF accounts for 4.2% of Destination Wealth Management’s investment portfolio, making the stock its 2nd biggest position. Destination Wealth Management’s holdings in iShares Core U.S. Aggregate Bond ETF were worth $159,163,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Blueline Advisors LLC bought a new position in iShares Core U.S. Aggregate Bond ETF in the 4th quarter valued at $25,000. Cresta Advisors Ltd. bought a new position in iShares Core U.S. Aggregate Bond ETF in the 4th quarter valued at $25,000. Valley National Advisers Inc. boosted 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 purchasing an additional 200 shares during the period. First Command Advisory Services Inc. boosted its holdings 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 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 in the 3rd quarter valued at $29,000. 83.63% of the stock is owned by institutional investors.

iShares Core U.S. Aggregate Bond ETF Price Performance

Shares of NYSEARCA:AGG opened at $98.76 on Friday. The firm has a fifty day moving average price of $98.94 and a two-hundred day moving average price of $99.68. iShares Core U.S. Aggregate Bond ETF has a one year low of $97.51 and a one year high of $101.46. The company has a market cap of $134.94 billion, a price-to-earnings ratio of 124.57 and a beta of 0.25.

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.