Redwood Park Advisors LLC Makes New $6.03 Million Investment in iShares Core U.S. Aggregate Bond ETF (NYSEARCA:AGG)

Redwood Park Advisors LLC acquired a new position in shares of iShares Core U.S. Aggregate Bond ETF (NYSEARCA:AGG) in the 4th quarter, HoldingsChannel.com reports. The firm acquired 62,269 shares of the company’s stock, valued at approximately $6,034,000. iShares Core U.S. Aggregate Bond ETF comprises approximately 4.1% of Redwood Park Advisors LLC’s investment portfolio, making the stock its 5th biggest position.

Other hedge funds also recently added to or reduced their stakes in the company. Verition Fund Management LLC bought a new stake in iShares Core U.S. Aggregate Bond ETF in the 3rd quarter valued at about $506,000. Barclays PLC grew its stake in shares of iShares Core U.S. Aggregate Bond ETF by 53,507.4% in the 3rd quarter. Barclays PLC now owns 43,422 shares of the company’s stock worth $4,398,000 after purchasing an additional 43,341 shares during the last quarter. Executive Wealth Management LLC purchased a new position in shares of iShares Core U.S. Aggregate Bond ETF in the third quarter worth approximately $490,000. Nepc LLC purchased a new position in shares of iShares Core U.S. Aggregate Bond ETF in the third quarter worth approximately $40,043,000. Finally, Continental Investors Services Inc. increased its position in shares of iShares Core U.S. Aggregate Bond ETF by 2.7% in the third quarter. Continental Investors Services Inc. now owns 30,530 shares of the company’s stock worth $3,091,000 after acquiring an additional 793 shares in the last quarter. 83.63% of the stock is owned by institutional investors and hedge funds.

iShares Core U.S. Aggregate Bond ETF Stock Performance

AGG stock opened at $97.91 on Thursday. The stock has a market cap of $124.35 billion, a P/E ratio of 126.17 and a beta of 0.24. The firm has a 50 day simple moving average of $98.24 and a 200 day simple moving average of $98.23. iShares Core U.S. Aggregate Bond ETF has a 52 week low of $94.85 and a 52 week 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.