Summit Asset Management LLC Grows Stock Position in iShares Core U.S. Aggregate Bond ETF $AGG

Summit Asset Management LLC grew its position in shares of iShares Core U.S. Aggregate Bond ETF (NYSEARCA:AGG) by 217.4% during the 4th quarter, Holdings Channel.com reports. 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 makes up 4.0% of Summit Asset Management LLC’s holdings, making the stock its 8th largest holding. 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 reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Mercer Global Advisors Inc. ADV increased its stake in shares of iShares Core U.S. Aggregate Bond ETF by 17.5% in the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 33,227,135 shares of the company’s stock worth $3,331,020,000 after purchasing an additional 4,942,715 shares in the last quarter. Constellation Investments Inc. increased its stake in shares of iShares Core U.S. Aggregate Bond ETF by 70.2% in the 4th quarter. Constellation Investments Inc. now owns 7,062,919 shares of the company’s stock worth $705,444,000 after purchasing an additional 2,914,000 shares in the last quarter. Bank of America Corp DE increased its stake in shares of iShares Core U.S. Aggregate Bond ETF by 5.5% in the 3rd quarter. Bank of America Corp DE now owns 46,326,160 shares of the company’s stock worth $4,644,198,000 after purchasing an additional 2,423,410 shares in the last quarter. United Services Automobile Association increased its stake in shares of iShares Core U.S. Aggregate Bond ETF by 70.1% in the 2nd quarter. United Services Automobile Association now owns 5,022,980 shares of the company’s stock worth $498,280,000 after purchasing an additional 2,069,200 shares in the last quarter. Finally, Raymond James Financial Inc. increased its stake in shares of iShares Core U.S. Aggregate Bond ETF by 2.5% in the 3rd quarter. Raymond James Financial Inc. now owns 79,246,704 shares of the company’s stock worth $7,944,482,000 after purchasing an additional 1,911,414 shares in the last quarter. 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 firm 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 one year low of $97.08 and a one year high of $101.46. The business has a fifty day moving average price of $99.09 and a 200-day moving average price of $99.84.

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.