Destination Wealth Management Has $133.25 Million Stake in iShares Core U.S. Aggregate Bond ETF (NYSEARCA:AGG)

Destination Wealth Management increased its stake in shares of iShares Core U.S. Aggregate Bond ETF (NYSEARCA:AGG) by 2.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,375,087 shares of the company’s stock after buying an additional 31,972 shares during the quarter. iShares Core U.S. Aggregate Bond ETF comprises approximately 4.2% of Destination Wealth Management’s holdings, making the stock its 2nd largest position. Destination Wealth Management’s holdings in iShares Core U.S. Aggregate Bond ETF were worth $133,246,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Bradley & Co. Private Wealth Management LLC bought a new position in shares of iShares Core U.S. Aggregate Bond ETF in the fourth quarter worth $25,000. Kozak & Associates Inc. bought a new position in shares of iShares Core U.S. Aggregate Bond ETF in the fourth quarter worth $26,000. Newbridge Financial Services Group Inc. bought a new position in shares of iShares Core U.S. Aggregate Bond ETF in the fourth quarter worth $33,000. Bank of Jackson Hole Trust bought a new position in shares of iShares Core U.S. Aggregate Bond ETF in the fourth quarter worth $35,000. Finally, Stonebridge Financial Group LLC bought a new position in shares of iShares Core U.S. Aggregate Bond ETF in the fourth quarter worth $43,000. 83.63% of the stock is currently owned by institutional investors.

iShares Core U.S. Aggregate Bond ETF Stock Performance

NYSEARCA:AGG opened at $98.47 on Friday. iShares Core U.S. Aggregate Bond ETF has a 1 year low of $94.85 and a 1 year high of $102.04. The stock has a market cap of $124.07 billion, a price-to-earnings ratio of 125.24 and a beta of 0.20. The business has a fifty day moving average of $97.39 and a 200-day moving average of $98.69.

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.