iShares Core U.S. Aggregate Bond ETF $AGG Stock Sold by Summit Global Investments

Summit Global Investments decreased its position in shares of iShares Core U.S. Aggregate Bond ETF (NYSEARCA:AGG) by 26.4% in the 3rd quarter, Holdings Channel reports. The firm owned 43,642 shares of the company’s stock after selling 15,683 shares during the quarter. Summit Global Investments’ holdings in iShares Core U.S. Aggregate Bond ETF were worth $4,126,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Bank of America Corp DE lifted its position 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 valued at $6,915,196,000 after acquiring an additional 15,923,080 shares during the period. WealthNavi Inc. increased its position in iShares Core U.S. Aggregate Bond ETF by 5.6% in the 3rd quarter. WealthNavi Inc. now owns 12,404,190 shares of the company’s stock valued at $1,172,692,000 after buying an additional 653,006 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in iShares Core U.S. Aggregate Bond ETF by 4.6% during 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 buying an additional 451,566 shares during the period. Royal Bank of Canada raised its stake in iShares Core U.S. Aggregate Bond ETF by 39.2% during the 1st quarter. Royal Bank of Canada now owns 6,744,642 shares of the company’s stock worth $669,542,000 after buying an additional 1,898,484 shares during the period. Finally, Bank of New York Mellon Corp raised its stake in iShares Core U.S. Aggregate Bond ETF by 12.7% during 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 buying an additional 750,257 shares during the period. 83.63% of the stock is owned by institutional investors and hedge funds.

iShares Core U.S. Aggregate Bond ETF Stock Performance

Shares of NYSEARCA:AGG opened at $96.36 on Friday. The business’s 50 day simple moving average is $95.84 and its two-hundred day simple moving average is $98.26. The firm has a market cap of $139.81 billion, a P/E ratio of 124.57 and a beta of 0.26. iShares Core U.S. Aggregate Bond ETF has a 52-week low of $93.83 and a 52-week high of $101.46.

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.