Pitcairn Co. Trims Stake in iShares Core U.S. Aggregate Bond ETF $AGG

Pitcairn Co. lowered its holdings in iShares Core U.S. Aggregate Bond ETF (NYSEARCA:AGG) by 42.3% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 8,284 shares of the company’s stock after selling 6,070 shares during the quarter. Pitcairn Co.’s holdings in iShares Core U.S. Aggregate Bond ETF were worth $830,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of AGG. Cultivar Capital Inc. lifted its position in iShares Core U.S. Aggregate Bond ETF by 3.3% in the 3rd quarter. Cultivar Capital Inc. now owns 239,111 shares of the company’s stock worth $23,971,000 after buying an additional 7,750 shares during the last quarter. Ellenbecker Investment Group boosted its stake in iShares Core U.S. Aggregate Bond ETF by 8.5% in the third quarter. Ellenbecker Investment Group now owns 648,841 shares of the company’s stock worth $65,046,000 after buying an additional 50,564 shares in the last quarter. CX Institutional grew its position in iShares Core U.S. Aggregate Bond ETF by 205.4% during the third quarter. CX Institutional now owns 157,491 shares of the company’s stock valued at $15,788,000 after acquiring an additional 105,924 shares during the last quarter. Fulton Breakefield Broenniman LLC grew its position in iShares Core U.S. Aggregate Bond ETF by 1.9% during the third quarter. Fulton Breakefield Broenniman LLC now owns 384,827 shares of the company’s stock valued at $38,579,000 after acquiring an additional 7,345 shares during the last quarter. Finally, CVA Family Office LLC raised its stake in shares of iShares Core U.S. Aggregate Bond ETF by 8.2% during the third quarter. CVA Family Office LLC now owns 113,857 shares of the company’s stock worth $11,414,000 after acquiring an additional 8,593 shares in the last quarter. Hedge funds and other institutional investors own 83.63% of the company’s stock.

iShares Core U.S. Aggregate Bond ETF Stock Performance

Shares of AGG opened at $100.12 on Friday. The firm has a market cap of $138.37 billion, a price-to-earnings ratio of 124.57 and a beta of 0.25. iShares Core U.S. Aggregate Bond ETF has a fifty-two week low of $96.15 and a fifty-two week high of $101.46. The firm has a 50 day moving average price of $100.32 and a 200-day moving average price of $100.26.

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.