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

Palumbo Wealth Management LLC purchased a new stake in iShares Core U.S. Aggregate Bond ETF (NYSEARCA:AGG) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 5,734 shares of the company’s stock, valued at approximately $573,000.

A number of other hedge funds have also recently bought and sold shares of AGG. Mercer Global Advisors Inc. ADV boosted its holdings in iShares Core U.S. Aggregate Bond ETF by 17.5% in the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 33,227,135 shares of the company’s stock valued at $3,331,020,000 after purchasing an additional 4,942,715 shares during the period. Constellation Investments Inc. boosted its holdings in iShares Core U.S. Aggregate Bond ETF by 70.2% in the 4th quarter. Constellation Investments Inc. now owns 7,062,919 shares of the company’s stock valued at $705,444,000 after purchasing an additional 2,914,000 shares during the period. Bank of America Corp DE boosted its holdings in iShares Core U.S. Aggregate Bond ETF by 5.5% in the 3rd quarter. Bank of America Corp DE now owns 46,326,160 shares of the company’s stock valued at $4,644,198,000 after purchasing an additional 2,423,410 shares during the period. United Services Automobile Association boosted its holdings in iShares Core U.S. Aggregate Bond ETF by 70.1% in the 2nd quarter. United Services Automobile Association now owns 5,022,980 shares of the company’s stock valued at $498,280,000 after purchasing an additional 2,069,200 shares during the period. Finally, Raymond James Financial Inc. boosted its holdings in iShares Core U.S. Aggregate Bond ETF by 2.5% in the 3rd quarter. Raymond James Financial Inc. now owns 79,246,704 shares of the company’s stock valued at $7,944,482,000 after purchasing an additional 1,911,414 shares during the period. 83.63% of the stock is owned by institutional investors.

iShares Core U.S. Aggregate Bond ETF Stock Performance

NYSEARCA:AGG opened at $99.17 on Wednesday. The company has a 50-day moving average of $99.97 and a 200-day moving average of $100.17. The company has a market capitalization of $137.59 billion, a price-to-earnings ratio of 124.57 and a beta of 0.26. iShares Core U.S. Aggregate Bond ETF has a 52 week low of $96.15 and a 52 week high of $101.46.

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.