Twele Capital Management Inc. Makes New Investment in iShares Core U.S. Aggregate Bond ETF $AGG

Twele Capital Management Inc. acquired a new position in shares of iShares Core U.S. Aggregate Bond ETF (NYSEARCA:AGG) in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 539,155 shares of the company’s stock, valued at approximately $50,972,000. iShares Core U.S. Aggregate Bond ETF comprises 8.4% of Twele Capital Management Inc.’s investment portfolio, making the stock its 4th biggest position.

A number of other institutional investors also recently added to or reduced their stakes in AGG. Bank of America Corp DE grew its stake 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 valued at $6,915,196,000 after purchasing an additional 15,923,080 shares during the last quarter. Mariner LLC raised its holdings in iShares Core U.S. Aggregate Bond ETF by 11.5% in the fourth quarter. Mariner LLC now owns 12,060,633 shares of the company’s stock worth $1,204,617,000 after purchasing an additional 1,244,206 shares in the last quarter. WealthNavi Inc. raised its holdings in iShares Core U.S. Aggregate Bond ETF by 3.2% in the first 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 in the last quarter. PNC Financial Services Group Inc. raised its holdings in iShares Core U.S. Aggregate Bond ETF by 4.6% in the first 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 in the last quarter. Finally, Royal Bank of Canada lifted its position in shares of iShares Core U.S. Aggregate Bond ETF by 39.2% during the first quarter. Royal Bank of Canada now owns 6,744,642 shares of the company’s stock valued at $669,542,000 after buying an additional 1,898,484 shares during the last quarter. Institutional investors own 83.63% of the company’s stock.

iShares Core U.S. Aggregate Bond ETF Price Performance

Shares of AGG stock traded up $0.05 during mid-day trading on Tuesday, hitting $94.71. 9,543,064 shares of the stock traded hands, compared to its average volume of 9,519,562. iShares Core U.S. Aggregate Bond ETF has a 52-week low of $93.83 and a 52-week high of $101.46. The stock has a market cap of $136.92 billion, a P/E ratio of 124.57 and a beta of 0.26. The stock’s fifty day moving average is $96.30 and its two-hundred day moving average is $97.83.

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.