DAVENPORT & Co LLC Cuts Stake in iShares Core U.S. Aggregate Bond ETF $AGG

DAVENPORT & Co LLC reduced its position in iShares Core U.S. Aggregate Bond ETF (NYSEARCA:AGG) by 27.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 36,115 shares of the company’s stock after selling 13,850 shares during the quarter. DAVENPORT & Co LLC’s holdings in iShares Core U.S. Aggregate Bond ETF were worth $3,583,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Valpey Financial Services LLC acquired a new stake in shares of iShares Core U.S. Aggregate Bond ETF during the second quarter worth $2,776,000. Grimes & Company Inc. lifted its stake in shares of iShares Core U.S. Aggregate Bond ETF by 36.7% during the second quarter. Grimes & Company Inc. now owns 182,864 shares of the company’s stock worth $18,140,000 after buying an additional 49,045 shares during the period. Merit Financial Group LLC lifted its stake in shares of iShares Core U.S. Aggregate Bond ETF by 27.5% during the second quarter. Merit Financial Group LLC now owns 86,478 shares of the company’s stock worth $8,579,000 after buying an additional 18,642 shares during the period. Verus Wealth Management LLC lifted its stake in shares of iShares Core U.S. Aggregate Bond ETF by 134.2% during the second quarter. Verus Wealth Management LLC now owns 8,253 shares of the company’s stock worth $819,000 after buying an additional 4,729 shares during the period. Finally, Innovative Wealth Building LLC lifted its stake in shares of iShares Core U.S. Aggregate Bond ETF by 17.8% during the second quarter. Innovative Wealth Building LLC now owns 40,067 shares of the company’s stock worth $3,975,000 after buying an additional 6,042 shares during the period. 83.63% of the stock is owned by hedge funds and other institutional investors.

iShares Core U.S. Aggregate Bond ETF Trading Up 0.0%

NYSEARCA:AGG opened at $100.14 on Thursday. iShares Core U.S. Aggregate Bond ETF has a 12 month low of $95.74 and a 12 month high of $101.02. The firm has a fifty day simple moving average of $99.71 and a 200-day simple moving average of $98.64. The company has a market capitalization of $132.14 billion, a P/E 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.