Parallel Advisors LLC grew its holdings in shares of iShares Core U.S. Aggregate Bond ETF (NYSEARCA:AGG – Free Report) by 66.0% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 553,961 shares of the company’s stock after buying an additional 220,318 shares during the quarter. iShares Core U.S. Aggregate Bond ETF accounts for about 0.7% of Parallel Advisors LLC’s investment portfolio, making the stock its 20th biggest position. Parallel Advisors LLC’s holdings in iShares Core U.S. Aggregate Bond ETF were worth $52,371,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently modified their holdings of AGG. Bank of America Corp DE lifted its stake in shares of iShares Core U.S. Aggregate Bond ETF by 29.6% during the 1st quarter. Bank of America Corp DE now owns 69,660,482 shares of the company’s stock worth $6,915,196,000 after acquiring an additional 15,923,080 shares during the last quarter. D.A. Davidson & CO. purchased a new position in iShares Core U.S. Aggregate Bond ETF during the 3rd quarter valued at $548,482,000. Empower Annuity Insurance Co bought a new position in iShares Core U.S. Aggregate Bond ETF in the 2nd quarter valued at $267,968,630,000. Royal Bank of Canada grew its position in iShares Core U.S. Aggregate Bond ETF by 39.2% in the 1st quarter. Royal Bank of Canada now owns 6,744,642 shares of the company’s stock valued at $669,542,000 after acquiring an additional 1,898,484 shares during the last quarter. Finally, Fifth Third Bancorp grew its position in iShares Core U.S. Aggregate Bond ETF by 144.7% in the 1st quarter. Fifth Third Bancorp now owns 3,183,564 shares of the company’s stock valued at $316,032,000 after acquiring an additional 1,882,701 shares during the last quarter. 83.63% of the stock is currently owned by hedge funds and other institutional investors.
iShares Core U.S. Aggregate Bond ETF Stock Performance
AGG stock traded down $0.07 during midday trading on Friday, reaching $96.55. The company’s stock had a trading volume of 11,643,365 shares, compared to its average volume of 9,771,159. The stock has a fifty day simple moving average of $95.71 and a two-hundred day simple moving average of $98.16. iShares Core U.S. Aggregate Bond ETF has a 1 year low of $93.83 and a 1 year high of $101.46. The firm has a market capitalization of $139.35 billion, a price-to-earnings ratio of 124.57 and a beta of 0.26.
iShares Core U.S. Aggregate Bond ETF Company 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.
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