Merited Wealth LLC Buys 30,107 Shares of iShares Core U.S. Aggregate Bond ETF $AGG

Merited Wealth LLC boosted its stake in iShares Core U.S. Aggregate Bond ETF (NYSEARCA:AGG) by 101.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 59,742 shares of the company’s stock after acquiring an additional 30,107 shares during the period. iShares Core U.S. Aggregate Bond ETF accounts for 4.9% of Merited Wealth LLC’s investment portfolio, making the stock its 2nd largest holding. Merited Wealth LLC’s holdings in iShares Core U.S. Aggregate Bond ETF were worth $5,931,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also added to or reduced their stakes in AGG. Valley National Advisers Inc. increased its position in shares of iShares Core U.S. Aggregate Bond ETF by 339.0% during the fourth quarter. Valley National Advisers Inc. now owns 259 shares of the company’s stock worth $25,000 after buying an additional 200 shares during the period. Cresta Advisors Ltd. bought a new position in iShares Core U.S. Aggregate Bond ETF during the fourth quarter worth $25,000. Blueline Advisors LLC acquired a new position in iShares Core U.S. Aggregate Bond ETF in the fourth quarter valued at $25,000. First Command Advisory Services Inc. lifted its holdings in iShares Core U.S. Aggregate Bond ETF by 321.2% in the fourth quarter. First Command Advisory Services Inc. now owns 278 shares of the company’s stock valued at $28,000 after buying an additional 212 shares during the period. Finally, Wiser Advisor Group LLC acquired a new position in iShares Core U.S. Aggregate Bond ETF in the third quarter valued at $29,000. Institutional investors and hedge funds own 83.63% of the company’s stock.

iShares Core U.S. Aggregate Bond ETF Trading Down 0.5%

Shares of AGG opened at $98.50 on Thursday. The firm’s fifty day simple moving average is $98.80 and its two-hundred day simple moving average is $99.55. iShares Core U.S. Aggregate Bond ETF has a 12 month low of $97.51 and a 12 month high of $101.46. The stock has a market capitalization of $138.21 billion, a P/E 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.