iShares Core U.S. Aggregate Bond ETF (NYSEARCA:AGG) Shares Sold by Cornerstone Wealth Group LLC

Cornerstone Wealth Group LLC cut its stake in shares of iShares Core U.S. Aggregate Bond ETF (NYSEARCA:AGG) by 29.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 488,530 shares of the company’s stock after selling 199,645 shares during the period. iShares Core U.S. Aggregate Bond ETF accounts for 4.0% of Cornerstone Wealth Group LLC’s holdings, making the stock its 4th largest position. Cornerstone Wealth Group LLC’s holdings in iShares Core U.S. Aggregate Bond ETF were worth $48,325,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently bought and sold shares of AGG. Bradley & Co. Private Wealth Management LLC bought a new position in shares of iShares Core U.S. Aggregate Bond ETF during the fourth quarter worth approximately $25,000. Greenline Partners LLC bought a new position in shares of iShares Core U.S. Aggregate Bond ETF during the fourth quarter worth approximately $31,000. Godsey & Gibb Inc. bought a new position in shares of iShares Core U.S. Aggregate Bond ETF during the first quarter worth approximately $46,000. Curio Wealth LLC bought a new position in shares of iShares Core U.S. Aggregate Bond ETF during the fourth quarter worth approximately $50,000. Finally, Byrne Asset Management LLC bought a new position in shares of iShares Core U.S. Aggregate Bond ETF during the first quarter worth approximately $53,000. 83.63% of the stock is currently owned by institutional investors and hedge funds.

iShares Core U.S. Aggregate Bond ETF Price Performance

Shares of NYSEARCA:AGG opened at $98.42 on Tuesday. The company’s 50 day simple moving average is $97.83 and its 200 day simple moving average is $97.76. The stock has a market capitalization of $124.99 billion, a price-to-earnings ratio of 124.57 and a beta of 0.24. iShares Core U.S. Aggregate Bond ETF has a 1 year low of $95.74 and a 1 year high of $102.04.

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.