Meridian Management Co. Boosts Position in iShares Core U.S. Aggregate Bond ETF $AGG

Meridian Management Co. raised its position in iShares Core U.S. Aggregate Bond ETF (NYSEARCA:AGG) by 3,323.8% during the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 71,625 shares of the company’s stock after acquiring an additional 69,533 shares during the quarter. iShares Core U.S. Aggregate Bond ETF makes up 1.8% of Meridian Management Co.’s portfolio, making the stock its 14th biggest holding. Meridian Management Co.’s holdings in iShares Core U.S. Aggregate Bond ETF were worth $7,110,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Valley National Advisers Inc. boosted its holdings in shares of iShares Core U.S. Aggregate Bond ETF by 339.0% in 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 last quarter. Cresta Advisors Ltd. purchased a new stake in iShares Core U.S. Aggregate Bond ETF during the fourth quarter valued at approximately $25,000. Blueline Advisors LLC bought a new position in iShares Core U.S. Aggregate Bond ETF in the fourth quarter worth approximately $25,000. First Command Advisory Services Inc. raised its position 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 worth $28,000 after acquiring an additional 212 shares during the period. Finally, North Ridge Wealth Advisors Inc. purchased a new position in shares of iShares Core U.S. Aggregate Bond ETF during the 2nd quarter worth $29,000. 83.63% of the stock is owned by hedge funds and other institutional investors.

iShares Core U.S. Aggregate Bond ETF Price Performance

Shares of iShares Core U.S. Aggregate Bond ETF stock opened at $98.00 on Wednesday. iShares Core U.S. Aggregate Bond ETF has a 1-year low of $97.51 and a 1-year high of $101.46. The company’s fifty day simple moving average is $98.61 and its 200-day simple moving average is $99.44. The stock has a market capitalization of $138.28 billion, a PE ratio of 124.57 and a beta of 0.25.

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.