iShares Core U.S. Aggregate Bond ETF (NYSEARCA:AGG) is First Business Financial Services Inc.’s 8th Largest Position

First Business Financial Services Inc. raised its position in iShares Core U.S. Aggregate Bond ETF (NYSEARCA:AGG) by 1.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 416,621 shares of the company’s stock after buying an additional 5,346 shares during the period. iShares Core U.S. Aggregate Bond ETF makes up about 4.0% of First Business Financial Services Inc.’s holdings, making the stock its 8th biggest holding. First Business Financial Services Inc.’s holdings in iShares Core U.S. Aggregate Bond ETF were worth $40,371,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds 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 during the fourth quarter worth about $25,000. Kozak & Associates Inc. bought a new position in shares of iShares Core U.S. Aggregate Bond ETF during the fourth quarter worth about $26,000. Newbridge Financial Services Group Inc. bought a new position in shares of iShares Core U.S. Aggregate Bond ETF during the fourth quarter worth about $33,000. Bank of Jackson Hole Trust bought a new position in shares of iShares Core U.S. Aggregate Bond ETF during the fourth quarter worth about $35,000. Finally, Stonebridge Financial Group LLC bought a new position in shares of iShares Core U.S. Aggregate Bond ETF during the fourth quarter worth about $43,000. 83.63% of the stock is owned by hedge funds and other institutional investors.

iShares Core U.S. Aggregate Bond ETF Stock Performance

Shares of AGG stock opened at $98.57 on Thursday. The stock has a market capitalization of $124.20 billion, a price-to-earnings ratio of 125.24 and a beta of 0.20. iShares Core U.S. Aggregate Bond ETF has a one year low of $94.85 and a one year high of $102.04. The company’s 50-day simple moving average is $97.36 and its 200-day simple moving average is $98.69.

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.