Sovran Advisors LLC Buys 9,702 Shares of iShares Core U.S. Aggregate Bond ETF $AGG

Sovran Advisors LLC raised its stake in shares of iShares Core U.S. Aggregate Bond ETF (NYSEARCA:AGG) by 14.9% in the fourth quarter, Holdings Channel reports. The institutional investor owned 74,896 shares of the company’s stock after buying an additional 9,702 shares during the quarter. Sovran Advisors LLC’s holdings in iShares Core U.S. Aggregate Bond ETF were worth $7,506,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in AGG. Brighton Jones LLC increased its holdings in shares of iShares Core U.S. Aggregate Bond ETF by 238.0% during the fourth quarter. Brighton Jones LLC now owns 9,984 shares of the company’s stock valued at $967,000 after acquiring an additional 7,030 shares in the last quarter. Revolve Wealth Partners LLC grew its position in iShares Core U.S. Aggregate Bond ETF by 50.0% during the 4th quarter. Revolve Wealth Partners LLC now owns 9,127 shares of the company’s stock valued at $884,000 after purchasing an additional 3,044 shares during the last quarter. Russell Investments Group Ltd. purchased a new stake in iShares Core U.S. Aggregate Bond ETF during the 2nd quarter valued at about $111,000. Edgestream Partners L.P. bought a new stake in iShares Core U.S. Aggregate Bond ETF during the 2nd quarter valued at about $971,000. Finally, GeoWealth Management LLC increased its stake in iShares Core U.S. Aggregate Bond ETF by 57.3% during the 2nd quarter. GeoWealth Management LLC now owns 23,961 shares of the company’s stock valued at $2,377,000 after purchasing an additional 8,732 shares in the last quarter. 83.63% of the stock is owned by institutional investors.

iShares Core U.S. Aggregate Bond ETF Stock Performance

Shares of iShares Core U.S. Aggregate Bond ETF stock opened at $99.23 on Friday. The company has a 50-day simple moving average of $100.01 and a two-hundred day simple moving average of $100.19. The stock has a market capitalization of $138.60 billion, a PE ratio of 124.57 and a beta of 0.25. iShares Core U.S. Aggregate Bond ETF has a 52-week low of $96.15 and a 52-week high of $101.46.

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.