Hillcrest Wealth Advisors NY LLC Acquires Additional Shares in iShares Bond ETF

Hillcrest Wealth Advisors NY LLC has increased its stake in the iShares Core U.S. Aggregate Bond ETF, symbolically known as AGG, by 13.8% during the third quarter, as per the latest Form 13F documents filed with the SEC. The financial institution's total ownership has grown to 48,525 shares after it added 5,900 shares in the said quarter. This ETF now represents about 2.6% of Hillcrest Wealth Advisors NY LLC's investment portfolio, ranking as their 12th largest investment. By the close of the most recent quarter, these holdings were valued at an estimated $4,563,000.

Institutional Investors Adjust Portfolios

Other significant investors have also been making adjustments to their investments in AGG. For instance, Newbridge Financial Services Group Inc. enhanced its shareholding by 64.3%, holding now 1,395 shares valued at approximately $131,000. Cedar Brook Financial Partners LLC's stake grew by 3.2%, summing up to 10,448 shares worth around $983,000. Notably, Integrated Investment Consultants LLC increased their stake by 2%, totaling 6,409 shares valued close to $603,000. Leonard Rickey Investment Advisors P.L.L.C. has initiated a new position worth about $541,000 in the fund. Founders Financial Securities LLC stands out with a 53.7% increase in holdings, now owning 117,887 shares with a value of $11,086,000.

AGG's Market Performance

The ETF's performance in the market has seen fluctuations. Shares of the iShares Core U.S. Aggregate Bond ETF traded down by $0.13 on a recent trading day, with a closing price of $98.83. The trading volume that day reached an impressive count of 13,234,600 shares, substantially higher than the average volume of 7,950,657. The ETF's lowest price point over 52 weeks was $91.58, with the highest being $101.15. The 50-day moving average price is currently at $95.22, while the 200-day moving average stands at $95.94.

About iShares Core U.S. Aggregate Bond ETF

iShares ETFs are essentially index funds traded similarly to common stocks on various national and international securities exchanges. They are popular due to their low costs, tax efficiencies, and flexible trading options. They are accessible for purchase and sale through brokerage firms, financial advisors, or online brokers, and can be held in any type of brokerage account.

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