Pinnacle Financial Partners Inc Has $22.72 Million Stake in iShares Core U.S. Aggregate Bond ETF (NYSEARCA:AGG)

Pinnacle Financial Partners Inc grew its stake in shares of iShares Core U.S. Aggregate Bond ETF (NYSEARCA:AGG) by 16.7% in the first quarter, according to its most recent disclosure with the SEC. The fund owned 230,007 shares of the company’s stock after buying an additional 32,942 shares during the period. Pinnacle Financial Partners Inc’s holdings in iShares Core U.S. Aggregate Bond ETF were worth $22,717,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in AGG. Raymond James Financial Inc. acquired a new stake in iShares Core U.S. Aggregate Bond ETF during the fourth quarter worth $7,545,901,000. Sagespring Wealth Partners LLC bought a new position in shares of iShares Core U.S. Aggregate Bond ETF during the 4th quarter worth about $2,473,132,000. Ameriprise Financial Inc. boosted its position in shares of iShares Core U.S. Aggregate Bond ETF by 75.4% during the 4th quarter. Ameriprise Financial Inc. now owns 19,130,645 shares of the company’s stock valued at $1,853,830,000 after acquiring an additional 8,223,945 shares in the last quarter. Arizona PSPRS Trust increased its stake in iShares Core U.S. Aggregate Bond ETF by 64.2% in the fourth quarter. Arizona PSPRS Trust now owns 13,346,704 shares of the company’s stock valued at $1,293,296,000 after acquiring an additional 5,220,182 shares during the period. Finally, Bank of America Corp DE raised its position in iShares Core U.S. Aggregate Bond ETF by 9.9% in the fourth quarter. Bank of America Corp DE now owns 43,758,246 shares of the company’s stock worth $4,240,174,000 after purchasing an additional 3,944,353 shares in the last quarter. 83.63% of the stock is owned by institutional investors and hedge funds.

iShares Core U.S. Aggregate Bond ETF Stock Performance

NYSEARCA AGG traded down $0.20 during trading on Wednesday, reaching $98.59. 740,917 shares of the company traded hands, compared to its average volume of 8,709,896. iShares Core U.S. Aggregate Bond ETF has a 1-year low of $95.74 and a 1-year high of $102.04. The company has a market cap of $127.98 billion, a price-to-earnings ratio of 124.57 and a beta of 0.12. The stock’s 50 day moving average price is $97.97 and its two-hundred day moving average price is $97.78.

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.