Legacy Wealth Management LLC Buys 495,512 Shares of iShares Core U.S. Aggregate Bond ETF $AGG

Legacy Wealth Management LLC increased its stake in iShares Core U.S. Aggregate Bond ETF (NYSEARCA:AGG) by 1,311.5% during the third quarter, Holdings Channel.com reports. The firm owned 533,295 shares of the company’s stock after purchasing an additional 495,512 shares during the quarter. iShares Core U.S. Aggregate Bond ETF accounts for approximately 2.7% of Legacy Wealth Management LLC’s holdings, making the stock its 11th largest position. Legacy Wealth Management LLC’s holdings in iShares Core U.S. Aggregate Bond ETF were worth $50,418,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the stock. Iowa State Bank purchased a new stake in iShares Core U.S. Aggregate Bond ETF in the 3rd quarter worth approximately $1,636,000. Montecito Bank & Trust purchased a new position in iShares Core U.S. Aggregate Bond ETF during the third quarter valued at approximately $14,385,000. Ironwood Financial llc purchased a new position in iShares Core U.S. Aggregate Bond ETF during the third quarter valued at approximately $3,964,000. Parallel Advisors LLC lifted its holdings in iShares Core U.S. Aggregate Bond ETF by 24.1% during the first quarter. Parallel Advisors LLC now owns 324,740 shares of the company’s stock valued at $32,237,000 after purchasing an additional 63,067 shares in the last quarter. Finally, Stephens Inc. AR lifted its holdings in iShares Core U.S. Aggregate Bond ETF by 6.5% during the first quarter. Stephens Inc. AR now owns 221,227 shares of the company’s stock valued at $21,961,000 after purchasing an additional 13,414 shares in the last quarter. 83.63% of the stock is owned by institutional investors.

iShares Core U.S. Aggregate Bond ETF Price Performance

AGG opened at $95.96 on Friday. The firm has a market cap of $139.32 billion, a P/E ratio of 124.57 and a beta of 0.26. iShares Core U.S. Aggregate Bond ETF has a 1-year low of $93.83 and a 1-year high of $101.46. The company has a 50 day simple moving average of $95.97 and a two-hundred day simple moving average of $97.64.

iShares Core U.S. Aggregate Bond ETF 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.