iShares Core U.S. Aggregate Bond ETF $AGG Stock: Fifth Third Bancorp Increases Position

Fifth Third Bancorp lifted its position in shares of iShares Core U.S. Aggregate Bond ETF (NYSEARCA:AGG) by 15.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,749,918 shares of the company’s stock after purchasing an additional 510,368 shares during the period. Fifth Third Bancorp owned 0.26% of iShares Core U.S. Aggregate Bond ETF worth $354,517,000 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 the company. Farmers & Merchants Investments Inc. bought a new position in iShares Core U.S. Aggregate Bond ETF in the 3rd quarter valued at $8,772,000. Chicago Partners Investment Group LLC bought a new stake in shares of iShares Core U.S. Aggregate Bond ETF during the 3rd quarter worth $8,636,000. Basso Capital Management L.P. bought a new stake in shares of iShares Core U.S. Aggregate Bond ETF during the 3rd quarter worth $1,009,000. Iowa State Bank bought a new stake in shares of iShares Core U.S. Aggregate Bond ETF during the 3rd quarter worth $1,636,000. Finally, Ironwood Wealth Management LLC. purchased a new position in shares of iShares Core U.S. Aggregate Bond ETF in the 3rd quarter worth about $3,964,000. 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 opened at $95.84 on Thursday. The firm has a market cap of $138.13 billion, a P/E ratio of 124.57 and a beta of 0.26. The firm has a 50-day moving average of $95.64 and a 200 day moving average of $98.10. iShares Core U.S. Aggregate Bond ETF has a fifty-two week low of $93.83 and a fifty-two week high of $101.46.

iShares Core U.S. Aggregate Bond ETF 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.