Pinnacle Associates Ltd. Boosts Stock Position in iShares Core U.S. Aggregate Bond ETF (NYSEARCA:AGG)

Pinnacle Associates Ltd. increased its stake in iShares Core U.S. Aggregate Bond ETF (NYSEARCA:AGG) by 2.3% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 19,578 shares of the company’s stock after buying an additional 447 shares during the quarter. Pinnacle Associates Ltd.’s holdings in iShares Core U.S. Aggregate Bond ETF were worth $1,943,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Oliver Lagore Vanvalin Investment Group grew its stake in shares of iShares Core U.S. Aggregate Bond ETF by 162.9% in the 2nd quarter. Oliver Lagore Vanvalin Investment Group now owns 255 shares of the company’s stock worth $25,000 after buying an additional 158 shares during the last quarter. Lynx Investment Advisory purchased a new stake in shares of iShares Core U.S. Aggregate Bond ETF in the 2nd quarter worth approximately $28,000. ST Germain D J Co. Inc. grew its stake in shares of iShares Core U.S. Aggregate Bond ETF by 1,020.0% in the 3rd quarter. ST Germain D J Co. Inc. now owns 280 shares of the company’s stock worth $28,000 after buying an additional 255 shares during the last quarter. Wagner Wealth Management LLC grew its stake in shares of iShares Core U.S. Aggregate Bond ETF by 30,500.0% in the 3rd quarter. Wagner Wealth Management LLC now owns 306 shares of the company’s stock worth $31,000 after buying an additional 305 shares during the last quarter. Finally, LRI Investments LLC bought a new position in iShares Core U.S. Aggregate Bond ETF in the 1st quarter valued at approximately $33,000. Hedge funds and other institutional investors own 83.63% of the company’s stock.

iShares Core U.S. Aggregate Bond ETF Stock Down 0.4 %

AGG stock opened at $97.72 on Friday. iShares Core U.S. Aggregate Bond ETF has a 12-month low of $93.37 and a 12-month high of $102.04. The stock’s 50 day simple moving average is $100.30 and its 200 day simple moving average is $98.48.

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.