Sand Hill Global Advisors LLC Sells 28,049 Shares of iShares Core U.S. Aggregate Bond ETF $AGG

Sand Hill Global Advisors LLC reduced its position in iShares Core U.S. Aggregate Bond ETF (NYSEARCA:AGG) by 4.2% in the first quarter, HoldingsChannel.com reports. The firm owned 632,270 shares of the company’s stock after selling 28,049 shares during the period. iShares Core U.S. Aggregate Bond ETF accounts for approximately 2.6% of Sand Hill Global Advisors LLC’s investment portfolio, making the stock its 12th biggest holding. Sand Hill Global Advisors LLC’s holdings in iShares Core U.S. Aggregate Bond ETF were worth $62,544,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also modified their holdings of the company. Briaud Financial Planning Inc bought a new position in shares of iShares Core U.S. Aggregate Bond ETF during the first quarter worth $25,000. Greenline Partners LLC bought a new position in shares of iShares Core U.S. Aggregate Bond ETF during the fourth quarter worth $31,000. MTM Investment Management LLC bought a new position in shares of iShares Core U.S. Aggregate Bond ETF during the first quarter worth $37,000. AlphaCore Capital LLC bought a new position in shares of iShares Core U.S. Aggregate Bond ETF during the first quarter worth $40,000. Finally, Godsey & Gibb Inc. bought a new position in shares of iShares Core U.S. Aggregate Bond ETF during the first quarter worth $46,000. 83.63% of the stock is currently owned by institutional investors.

iShares Core U.S. Aggregate Bond ETF Stock Performance

Shares of NYSEARCA:AGG opened at $98.94 on Monday. The firm has a fifty day moving average price of $98.49 and a 200 day moving average price of $98.18. iShares Core U.S. Aggregate Bond ETF has a fifty-two week low of $95.74 and a fifty-two week high of $102.04. The firm has a market cap of $128.37 billion, a price-to-earnings ratio of 124.57 and a beta of 0.12.

iShares Core U.S. Aggregate Bond ETF Company 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.