Magnolia Private Wealth LLC Takes $1.10 Million Position in iShares Core U.S. Aggregate Bond ETF (NYSEARCA:AGG)

Magnolia Private Wealth LLC bought a new position in shares of iShares Core U.S. Aggregate Bond ETF (NYSEARCA:AGG) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm bought 11,333 shares of the company’s stock, valued at approximately $1,098,000. iShares Core U.S. Aggregate Bond ETF makes up approximately 0.6% of Magnolia Private Wealth LLC’s investment portfolio, making the stock its 27th biggest position.

Other institutional investors have also recently added to or reduced their stakes in the company. US Bancorp DE raised its stake in shares of iShares Core U.S. Aggregate Bond ETF by 11.1% in the third quarter. US Bancorp DE now owns 37,260,740 shares of the company’s stock valued at $3,697,061,000 after acquiring an additional 3,717,053 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in iShares Core U.S. Aggregate Bond ETF by 1.8% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 13,048,808 shares of the company’s stock valued at $1,321,453,000 after purchasing an additional 230,711 shares in the last quarter. United Services Automobile Association increased its holdings in iShares Core U.S. Aggregate Bond ETF by 105.8% during the 3rd quarter. United Services Automobile Association now owns 9,129,161 shares of the company’s stock valued at $924,510,000 after purchasing an additional 4,694,299 shares in the last quarter. FMR LLC raised its position in iShares Core U.S. Aggregate Bond ETF by 20.4% in the 3rd quarter. FMR LLC now owns 9,092,454 shares of the company’s stock valued at $920,793,000 after purchasing an additional 1,540,422 shares during the last quarter. Finally, PNC Financial Services Group Inc. boosted its stake in iShares Core U.S. Aggregate Bond ETF by 3.6% in the third quarter. PNC Financial Services Group Inc. now owns 8,174,489 shares of the company’s stock worth $827,830,000 after purchasing an additional 282,022 shares in the last quarter. 83.63% of the stock is owned by institutional investors.

iShares Core U.S. Aggregate Bond ETF Stock Performance

Shares of NYSEARCA:AGG opened at $98.80 on Wednesday. The business has a fifty day moving average of $97.10 and a 200-day moving average of $98.73. iShares Core U.S. Aggregate Bond ETF has a twelve month low of $94.85 and a twelve month high of $102.04. The firm has a market cap of $124.49 billion, a PE ratio of 125.24 and a beta of 0.20.

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.