Prentice Wealth Management LLC Raises Holdings in iShares Core U.S. Aggregate Bond ETF $AGG

Prentice Wealth Management LLC lifted its position in shares of iShares Core U.S. Aggregate Bond ETF (NYSEARCA:AGG) by 7.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 651,758 shares of the company’s stock after buying an additional 46,515 shares during the period. iShares Core U.S. Aggregate Bond ETF comprises about 14.6% of Prentice Wealth Management LLC’s investment portfolio, making the stock its largest holding. Prentice Wealth Management LLC’s holdings in iShares Core U.S. Aggregate Bond ETF were worth $64,700,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Raymond James Financial Inc. raised its holdings in shares of iShares Core U.S. Aggregate Bond ETF by 7.0% in the fourth quarter. Raymond James Financial Inc. now owns 84,760,819 shares of the company’s stock valued at $8,465,912,000 after purchasing an additional 5,514,115 shares during the last quarter. Bank of America Corp DE boosted its holdings in iShares Core U.S. Aggregate Bond ETF by 16.0% during the fourth quarter. Bank of America Corp DE now owns 53,737,402 shares of the company’s stock worth $5,367,292,000 after purchasing an additional 7,411,242 shares during the last quarter. US Bancorp DE grew its position in iShares Core U.S. Aggregate Bond ETF by 1.2% in the fourth quarter. US Bancorp DE now owns 42,844,111 shares of the company’s stock valued at $4,279,296,000 after purchasing an additional 489,837 shares in the last quarter. Mercer Global Advisors Inc. ADV grew its position in iShares Core U.S. Aggregate Bond ETF by 9.1% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 36,259,568 shares of the company’s stock valued at $3,621,605,000 after purchasing an additional 3,032,433 shares in the last quarter. Finally, Morgan Stanley increased its stake in iShares Core U.S. Aggregate Bond ETF by 4.0% in the 4th quarter. Morgan Stanley now owns 32,483,415 shares of the company’s stock valued at $3,244,444,000 after buying an additional 1,245,217 shares during the last quarter. 83.63% of the stock is currently owned by institutional investors.

iShares Core U.S. Aggregate Bond ETF Price Performance

Shares of NYSEARCA:AGG opened at $98.71 on Wednesday. The company’s 50-day moving average price is $98.87 and its two-hundred day moving average price is $99.59. iShares Core U.S. Aggregate Bond ETF has a one year low of $97.51 and a one year high of $101.46. The stock has a market capitalization of $134.87 billion, a PE ratio of 124.57 and a beta of 0.25.

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.