Summit Asset Management LLC boosted its holdings in iShares Core U.S. Aggregate Bond ETF (NYSEARCA:AGG – Free Report) by 217.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 286,241 shares of the company’s stock after acquiring an additional 196,056 shares during the quarter. iShares Core U.S. Aggregate Bond ETF accounts for approximately 4.0% of Summit Asset Management LLC’s holdings, making the stock its 8th largest position. Summit Asset Management LLC’s holdings in iShares Core U.S. Aggregate Bond ETF were worth $28,590,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in AGG. Valley National Advisers Inc. lifted its holdings in shares of iShares Core U.S. Aggregate Bond ETF by 339.0% during the 4th quarter. Valley National Advisers Inc. now owns 259 shares of the company’s stock valued at $25,000 after buying an additional 200 shares during the period. Cresta Advisors Ltd. bought a new position in shares of iShares Core U.S. Aggregate Bond ETF during the 4th quarter valued at $25,000. Wiser Advisor Group LLC bought a new position in shares of iShares Core U.S. Aggregate Bond ETF during the 3rd quarter valued at $29,000. North Ridge Wealth Advisors Inc. bought a new position in shares of iShares Core U.S. Aggregate Bond ETF during the 2nd quarter valued at $29,000. Finally, Collier Financial bought a new position in shares of iShares Core U.S. Aggregate Bond ETF during the 3rd quarter valued at $31,000. 83.63% of the stock is owned by institutional investors.
iShares Core U.S. Aggregate Bond ETF Price Performance
NYSEARCA AGG opened at $98.44 on Friday. The business’s fifty day moving average price is $99.09 and its 200-day moving average price is $99.84. The stock has a market capitalization of $134.50 billion, a price-to-earnings ratio of 124.57 and a beta of 0.26. iShares Core U.S. Aggregate Bond ETF has a 1-year low of $97.08 and a 1-year high of $101.46.
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.
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