AK Global Asset Management LLC Purchases New Stake in iShares Core U.S. Aggregate Bond ETF $AGG

AK Global Asset Management LLC purchased a new stake in shares of iShares Core U.S. Aggregate Bond ETF (NYSEARCA:AGG) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 18,100 shares of the company’s stock, valued at approximately $1,808,000. iShares Core U.S. Aggregate Bond ETF accounts for 1.6% of AK Global Asset Management LLC’s holdings, making the stock its 16th biggest position.

Several other institutional investors also recently added to or reduced their stakes in the stock. Towercrest Capital Management grew its position in iShares Core U.S. Aggregate Bond ETF by 10.7% during the fourth quarter. Towercrest Capital Management now owns 382,609 shares of the company’s stock valued at $38,216,000 after buying an additional 37,019 shares during the period. Affiance Financial LLC boosted its position in iShares Core U.S. Aggregate Bond ETF by 8.9% during the fourth quarter. Affiance Financial LLC now owns 897,669 shares of the company’s stock worth $89,659,000 after purchasing an additional 73,060 shares during the period. Alliance Wealth Management Group boosted its position in iShares Core U.S. Aggregate Bond ETF by 19.2% during the fourth quarter. Alliance Wealth Management Group now owns 169,236 shares of the company’s stock worth $16,903,000 after purchasing an additional 27,241 shares during the period. Penney Financial LLC boosted its position in iShares Core U.S. Aggregate Bond ETF by 6.6% during the fourth quarter. Penney Financial LLC now owns 44,448 shares of the company’s stock worth $4,439,000 after purchasing an additional 2,743 shares during the period. Finally, Palumbo Wealth Management LLC bought a new position in iShares Core U.S. Aggregate Bond ETF during the fourth quarter worth about $573,000. Institutional investors own 83.63% of the company’s stock.

iShares Core U.S. Aggregate Bond ETF Stock Up 0.1%

Shares of NYSEARCA:AGG opened at $99.17 on Wednesday. The firm has a market capitalization of $137.59 billion, a PE ratio of 124.57 and a beta of 0.26. iShares Core U.S. Aggregate Bond ETF has a twelve month low of $96.15 and a twelve month high of $101.46. The company has a 50-day moving average price of $99.97 and a two-hundred day moving average price of $100.17.

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.