Gemmer Asset Management LLC Sells 7,451 Shares of iShares Core U.S. Aggregate Bond ETF $AGG

Gemmer Asset Management LLC trimmed its stake in shares of iShares Core U.S. Aggregate Bond ETF (NYSEARCA:AGG) by 64.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,042 shares of the company’s stock after selling 7,451 shares during the period. Gemmer Asset Management LLC’s holdings in iShares Core U.S. Aggregate Bond ETF were worth $382,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Bank of America Corp DE increased its holdings in shares of iShares Core U.S. Aggregate Bond ETF by 29.6% in the first quarter. Bank of America Corp DE now owns 69,660,482 shares of the company’s stock valued at $6,915,196,000 after purchasing an additional 15,923,080 shares in the last quarter. WealthNavi Inc. raised its position in iShares Core U.S. Aggregate Bond ETF by 3.2% in the 1st quarter. WealthNavi Inc. now owns 11,513,352 shares of the company’s stock worth $1,142,930,000 after purchasing an additional 354,238 shares during the last quarter. PNC Financial Services Group Inc. raised its position in iShares Core U.S. Aggregate Bond ETF by 4.6% in the 1st quarter. PNC Financial Services Group Inc. now owns 10,336,251 shares of the company’s stock worth $1,026,080,000 after purchasing an additional 451,566 shares during the last quarter. Royal Bank of Canada raised 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 worth $669,542,000 after purchasing an additional 1,898,484 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its position in iShares Core U.S. Aggregate Bond ETF by 12.7% in the 1st quarter. Bank of New York Mellon Corp now owns 6,649,043 shares of the company’s stock worth $660,051,000 after purchasing an additional 750,257 shares during the last quarter. 83.63% of the stock is owned by institutional investors.

iShares Core U.S. Aggregate Bond ETF Stock Performance

NYSEARCA:AGG opened at $95.38 on Friday. The stock’s fifty day moving average price is $96.16 and its two-hundred day moving average price is $97.77. iShares Core U.S. Aggregate Bond ETF has a 52-week low of $93.83 and a 52-week high of $101.46. The company has a market cap of $138.48 billion, a price-to-earnings ratio of 124.57 and a beta of 0.26.

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.