Absolute Capital Management LLC Sells 3,917 Shares of iShares Core U.S. Aggregate Bond ETF (NYSEARCA:AGG)

Absolute Capital Management LLC decreased its position in iShares Core U.S. Aggregate Bond ETF (NYSEARCA:AGG) by 64.4% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 2,169 shares of the company’s stock after selling 3,917 shares during the quarter. Absolute Capital Management LLC’s holdings in iShares Core U.S. Aggregate Bond ETF were worth $210,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Bradley & Co. Private Wealth Management LLC bought a new stake in iShares Core U.S. Aggregate Bond ETF in the 4th quarter worth approximately $25,000. Kozak & Associates Inc. bought a new stake in iShares Core U.S. Aggregate Bond ETF in the 4th quarter worth approximately $26,000. Newbridge Financial Services Group Inc. bought a new stake in iShares Core U.S. Aggregate Bond ETF in the 4th quarter worth approximately $33,000. Bank of Jackson Hole Trust bought a new stake in iShares Core U.S. Aggregate Bond ETF in the 4th quarter worth approximately $35,000. Finally, Stonebridge Financial Group LLC bought a new stake in iShares Core U.S. Aggregate Bond ETF in the 4th quarter worth approximately $43,000. Institutional investors own 83.63% of the company’s stock.

iShares Core U.S. Aggregate Bond ETF Stock Performance

Shares of AGG stock opened at $98.86 on Friday. iShares Core U.S. Aggregate Bond ETF has a fifty-two week low of $94.85 and a fifty-two week high of $102.04. The stock has a 50 day moving average price of $97.75 and a two-hundred day moving average price of $98.55. The company has a market capitalization of $125.55 billion, a P/E ratio of 125.34 and a beta of 0.22.

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.