RKL Wealth Management LLC Acquires New Stake in iShares Core U.S. Aggregate Bond ETF $AGG

RKL Wealth Management LLC acquired a new stake in shares of iShares Core U.S. Aggregate Bond ETF (NYSEARCA:AGG) during the third quarter, Holdings Channel reports. The firm acquired 66,388 shares of the company’s stock, valued at approximately $6,276,000.

A number of other hedge funds have also made changes to their positions in AGG. Empower Annuity Insurance Co bought a new stake in iShares Core U.S. Aggregate Bond ETF during the second quarter worth approximately $267,968,630,000. Bank of America Corp DE lifted its position in 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 worth $6,915,196,000 after purchasing an additional 15,923,080 shares during the period. WealthNavi Inc. boosted its stake in iShares Core U.S. Aggregate Bond ETF by 3.2% during the 1st quarter. WealthNavi Inc. now owns 11,513,352 shares of the company’s stock valued at $1,142,930,000 after purchasing an additional 354,238 shares in the last quarter. PNC Financial Services Group Inc. boosted 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 valued at $1,026,080,000 after purchasing an additional 451,566 shares in the last quarter. Finally, Royal Bank of Canada boosted 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 valued at $669,542,000 after purchasing an additional 1,898,484 shares in the last quarter. Institutional investors and hedge funds own 83.63% of the company’s stock.

iShares Core U.S. Aggregate Bond ETF Stock Performance

Shares of AGG stock traded down $0.03 during mid-day trading on Friday, hitting $95.38. 11,388,734 shares of the stock traded hands, compared to its average volume of 9,586,846. iShares Core U.S. Aggregate Bond ETF has a twelve month low of $93.83 and a twelve month high of $101.46. The firm has a market cap of $138.48 billion, a price-to-earnings ratio of 124.57 and a beta of 0.26. The company’s 50-day simple moving average is $96.16 and its 200-day simple moving average is $97.77.

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.