Towercrest Capital Management Purchases 28,750 Shares of iShares Core U.S. Aggregate Bond ETF (NYSEARCA:AGG)

Towercrest Capital Management boosted its stake in shares of iShares Core U.S. Aggregate Bond ETF (NYSEARCA:AGG) by 8.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 372,192 shares of the company’s stock after buying an additional 28,750 shares during the quarter. iShares Core U.S. Aggregate Bond ETF accounts for approximately 5.7% of Towercrest Capital Management’s portfolio, making the stock its 3rd largest holding. Towercrest Capital Management’s holdings in iShares Core U.S. Aggregate Bond ETF were worth $36,065,000 at the end of the most recent reporting period.

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

iShares Core U.S. Aggregate Bond ETF Price Performance

AGG stock opened at $98.74 on Monday. The company’s 50 day simple moving average is $97.80 and its 200-day simple moving average is $98.51. The firm has a market capitalization of $125.40 billion, a PE ratio of 125.34 and a beta of 0.22. iShares Core U.S. Aggregate Bond ETF has a 12 month low of $94.85 and a 12 month high of $102.04.

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.