Flagstar Advisors Inc. Trims Stake in iShares Core U.S. Aggregate Bond ETF $AGG

Flagstar Advisors Inc. reduced its stake in iShares Core U.S. Aggregate Bond ETF (NYSEARCA:AGG) by 45.7% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 42,084 shares of the company’s stock after selling 35,484 shares during the period. iShares Core U.S. Aggregate Bond ETF comprises 1.4% of Flagstar Advisors Inc.’s holdings, making the stock its 17th largest position. Flagstar Advisors Inc.’s holdings in iShares Core U.S. Aggregate Bond ETF were worth $4,203,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Stonehage Fleming Financial Services Holdings Ltd purchased a new position in shares of iShares Core U.S. Aggregate Bond ETF in the 4th quarter valued at approximately $612,000. Kopp Family Office LLC raised its holdings in iShares Core U.S. Aggregate Bond ETF by 50.0% in the fourth quarter. Kopp Family Office LLC now owns 173,360 shares of the company’s stock worth $17,315,000 after purchasing an additional 57,780 shares in the last quarter. SeaCrest Wealth Management LLC bought a new position in iShares Core U.S. Aggregate Bond ETF in the fourth quarter worth $266,000. Traynor Capital Management Inc. lifted its position in iShares Core U.S. Aggregate Bond ETF by 33.7% during the fourth quarter. Traynor Capital Management Inc. now owns 6,583 shares of the company’s stock valued at $658,000 after buying an additional 1,660 shares during the period. Finally, Freestate Advisors LLC lifted its position in iShares Core U.S. Aggregate Bond ETF by 4.6% during the fourth quarter. Freestate Advisors LLC now owns 133,047 shares of the company’s stock valued at $13,289,000 after buying an additional 5,886 shares during the period. 83.63% of the stock is currently owned by hedge funds and other institutional investors.

iShares Core U.S. Aggregate Bond ETF Trading Down 0.6%

Shares of AGG stock opened at $98.55 on Friday. The company’s fifty day moving average price is $100.12 and its 200-day moving average price is $100.25. The stock has a market cap of $136.20 billion, a PE ratio of 124.57 and a beta of 0.25. iShares Core U.S. Aggregate Bond ETF has a 12 month low of $96.15 and a 12 month high of $101.46.

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.