Convergence Financial LLC Takes $418,000 Position in iShares Core U.S. Aggregate Bond ETF (NYSEARCA:AGG)

Convergence Financial LLC bought a new stake in iShares Core U.S. Aggregate Bond ETF (NYSEARCA:AGG) during the fourth quarter, HoldingsChannel reports. The institutional investor bought 4,312 shares of the company’s stock, valued at approximately $418,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. US Bancorp DE increased its holdings in iShares Core U.S. Aggregate Bond ETF by 11.1% in the 3rd quarter. US Bancorp DE now owns 37,260,740 shares of the company’s stock worth $3,697,061,000 after acquiring an additional 3,717,053 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in iShares Core U.S. Aggregate Bond ETF by 1.8% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 13,048,808 shares of the company’s stock valued at $1,321,453,000 after purchasing an additional 230,711 shares during the last quarter. United Services Automobile Association boosted its position in iShares Core U.S. Aggregate Bond ETF by 105.8% during the third quarter. United Services Automobile Association now owns 9,129,161 shares of the company’s stock worth $924,510,000 after purchasing an additional 4,694,299 shares during the period. FMR LLC increased its stake in shares of iShares Core U.S. Aggregate Bond ETF by 20.4% in the third quarter. FMR LLC now owns 9,092,454 shares of the company’s stock worth $920,793,000 after purchasing an additional 1,540,422 shares in the last quarter. Finally, PNC Financial Services Group Inc. raised its position in shares of iShares Core U.S. Aggregate Bond ETF by 3.6% in the third quarter. PNC Financial Services Group Inc. now owns 8,174,489 shares of the company’s stock valued at $827,830,000 after purchasing an additional 282,022 shares during the period. 83.63% of the stock is owned by institutional investors.

iShares Core U.S. Aggregate Bond ETF Trading Up 0.2 %

Shares of AGG stock opened at $98.96 on Thursday. iShares Core U.S. Aggregate Bond ETF has a 12 month low of $94.85 and a 12 month high of $102.04. The stock has a market capitalization of $124.69 billion, a P/E ratio of 125.24 and a beta of 0.20. The firm’s 50 day moving average is $97.14 and its 200 day moving average is $98.73.

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.