Bigelow Investment Advisors LLC has reduced its stake in the iShares Core U.S. Aggregate Bond ETF (NYSEARCA: AGG) by 0.7% during the second quarter of 2023, according to its recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm now holds 26,952 shares of the ETF, having sold 199 shares throughout the quarter. This investment represents approximately 1.2% of Bigelow Investment Advisors’ overall portfolio, positioning the ETF as its 20th largest investment.
At the close of the most recent reporting period, Bigelow’s holdings in the iShares Core U.S. Aggregate Bond ETF were valued at $2,674,000. This reduction reflects a broader trend among institutional investors adjusting their bond market strategies.
Other Institutional Movements
Several other investment firms have recently altered their positions in the iShares Core U.S. Aggregate Bond ETF. For instance, Briaud Financial Planning Inc acquired a new stake valued at approximately $25,000 in the first quarter. Similarly, MTM Investment Management LLC and AlphaCore Capital LLC entered the market with stakes worth $37,000 and $40,000, respectively.
Additionally, Godsey & Gibb Inc. invested around $46,000, while Atlas Capital Advisors Inc. significantly increased its holdings by 66.7%, now owning 500 shares valued at about $49,000 after purchasing an additional 200 shares. Collectively, hedge funds and other institutional investors now control 83.63% of the ETF’s stock.
Current Market Performance
As of today, iShares Core U.S. Aggregate Bond ETF shares opened at $100.57. The ETF has a fifty-day moving average of $99.14 and a two-hundred-day moving average of $98.48. With a market capitalization of $130.49 billion, the ETF boasts a P/E ratio of 124.57 and a beta of 0.12. Over the past year, the ETF has seen a low of $95.74 and a high of $102.03.
The iShares Core U.S. Aggregate Bond ETF is structured as an index fund, allowing investors to buy and sell shares like common stocks on national and selected international exchanges. The fund is appealing due to its low costs, tax efficiency, and trading flexibility, making it accessible through various brokerage platforms.
This shift in holdings by Bigelow and other firms may indicate a strategic reevaluation of bond investments in light of current economic conditions. Investors are encouraged to keep abreast of trends in the bond market to make informed decisions.
