a16z Perennial Management L.P. Purchases Shares of 321,231 iShares Core U.S. Aggregate Bond ETF $AGG

a16z Perennial Management L.P. purchased a new stake in shares of iShares Core U.S. Aggregate Bond ETF (NYSEARCA:AGG) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 321,231 shares of the company’s stock, valued at approximately $31,889,000. iShares Core U.S. Aggregate Bond ETF comprises about 2.6% of a16z Perennial Management L.P.’s investment portfolio, making the stock its 10th biggest holding.

A number of other hedge funds also recently made changes to their positions in the stock. Valley National Advisers Inc. boosted its position in shares of iShares Core U.S. Aggregate Bond ETF by 339.0% in the fourth quarter. Valley National Advisers Inc. now owns 259 shares of the company’s stock worth $25,000 after purchasing an additional 200 shares during the period. Cresta Advisors Ltd. purchased a new stake in shares of iShares Core U.S. Aggregate Bond ETF during the 4th quarter worth approximately $25,000. Blueline Advisors LLC bought a new position in shares of iShares Core U.S. Aggregate Bond ETF during the 4th quarter valued at approximately $25,000. First Command Advisory Services Inc. boosted its position in shares of iShares Core U.S. Aggregate Bond ETF by 321.2% during the 4th quarter. First Command Advisory Services Inc. now owns 278 shares of the company’s stock valued at $28,000 after acquiring an additional 212 shares during the last quarter. Finally, Wiser Advisor Group LLC purchased a new position in shares of iShares Core U.S. Aggregate Bond ETF in the third quarter valued at $29,000. 83.63% of the stock is currently owned by institutional investors.

iShares Core U.S. Aggregate Bond ETF Stock Performance

Shares of AGG opened at $97.74 on Wednesday. The company’s fifty day moving average is $98.51 and its 200 day moving average is $99.37. iShares Core U.S. Aggregate Bond ETF has a fifty-two week low of $97.51 and a fifty-two week high of $101.46. The stock has a market capitalization of $137.98 billion, a PE ratio of 124.57 and a beta of 0.25.

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.