Money Concepts Capital Corp Makes New $10.12 Million Investment in iShares Core U.S. Aggregate Bond ETF $AGG

Money Concepts Capital Corp acquired a new stake in iShares Core U.S. Aggregate Bond ETF (NYSEARCA:AGG) during the third quarter, Holdings Channel.com reports. The institutional investor acquired 107,070 shares of the company’s stock, valued at approximately $10,122,000.

A number of other hedge funds have also recently modified their holdings of the company. Farmers & Merchants Investments Inc. bought a new stake in shares of iShares Core U.S. Aggregate Bond ETF in the 3rd quarter worth approximately $8,772,000. Chicago Partners Investment Group LLC bought a new position in shares of iShares Core U.S. Aggregate Bond ETF during the third quarter valued at approximately $8,636,000. Basso Capital Management L.P. bought a new position in shares of iShares Core U.S. Aggregate Bond ETF during the third quarter valued at approximately $1,009,000. Iowa State Bank bought a new position in shares of iShares Core U.S. Aggregate Bond ETF during the third quarter valued at approximately $1,636,000. Finally, Ironwood Wealth Management LLC. bought a new position in shares of iShares Core U.S. Aggregate Bond ETF during the third quarter valued at approximately $3,964,000. Hedge funds and other institutional investors own 83.63% of the company’s stock.

iShares Core U.S. Aggregate Bond ETF Stock Down 0.6%

Shares of AGG stock opened at $95.22 on Friday. The stock has a fifty day moving average of $95.61 and a 200 day moving average of $98.08. iShares Core U.S. Aggregate Bond ETF has a 52 week low of $93.83 and a 52 week high of $101.46. The firm has a market capitalization of $137.24 billion, a price-to-earnings ratio of 124.57 and a beta of 0.26.

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.