Lavelle Capital LP Takes $1.34 Million Position in iShares Core U.S. Aggregate Bond ETF $AGG

Lavelle Capital LP purchased a new position in iShares Core U.S. Aggregate Bond ETF (NYSEARCA:AGG) during the 1st quarter, HoldingsChannel.com reports. The firm purchased 13,487 shares of the company’s stock, valued at approximately $1,339,000. iShares Core U.S. Aggregate Bond ETF makes up 0.8% of Lavelle Capital LP’s investment portfolio, making the stock its 26th largest position.

A number of other institutional investors and hedge funds have also recently modified their holdings of AGG. 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. purchased a new stake in shares of iShares Core U.S. Aggregate Bond ETF during the fourth quarter valued at $25,000. Valley National Advisers Inc. boosted its stake 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 valued at $25,000 after purchasing an additional 200 shares during the period. First Command Advisory Services Inc. boosted its stake in shares of iShares Core U.S. Aggregate Bond ETF by 321.2% during the fourth 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 shares of iShares Core U.S. Aggregate Bond ETF in the third quarter worth about $29,000. 83.63% of the stock is owned by institutional investors.

iShares Core U.S. Aggregate Bond ETF Price Performance

AGG stock opened at $97.37 on Friday. The company has a market capitalization of $137.40 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 $97.24 and a 12 month high of $101.46. The firm’s 50-day moving average is $98.40 and its 200 day moving average is $99.24.

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.