Independent Advisor Alliance Invests $16.01 Million in iShares Core U.S. Aggregate Bond ETF (NYSEARCA:AGG)

Independent Advisor Alliance bought a new position in shares of iShares Core U.S. Aggregate Bond ETF (NYSEARCA:AGG) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 165,253 shares of the company’s stock, valued at approximately $16,013,000.

A number of other large investors also recently made changes to their positions in AGG. Raymond James Financial Inc. acquired a new stake in iShares Core U.S. Aggregate Bond ETF during the fourth quarter worth approximately $7,545,901,000. Arizona PSPRS Trust acquired a new stake in iShares Core U.S. Aggregate Bond ETF during the third quarter worth approximately $822,973,000. Jones Financial Companies Lllp grew its position in iShares Core U.S. Aggregate Bond ETF by 6.1% during the fourth quarter. Jones Financial Companies Lllp now owns 128,947,585 shares of the company’s stock worth $12,495,021,000 after buying an additional 7,463,618 shares in the last quarter. United Services Automobile Association grew its position in iShares Core U.S. Aggregate Bond ETF by 105.8% during the third quarter. United Services Automobile Association now owns 9,129,161 shares of the company’s stock worth $924,510,000 after buying an additional 4,694,299 shares in the last quarter. Finally, Constellation Investments Inc. acquired a new stake in iShares Core U.S. Aggregate Bond ETF during the fourth quarter worth approximately $431,100,000. Institutional investors own 83.63% of the company’s stock.

iShares Core U.S. Aggregate Bond ETF Price Performance

Shares of NYSEARCA:AGG opened at $98.35 on Monday. The company has a market capitalization of $123.92 billion, a P/E ratio of 125.24 and a beta of 0.20. iShares Core U.S. Aggregate Bond ETF has a 1 year low of $94.85 and a 1 year high of $102.04. The business’s 50 day simple moving average is $97.42 and its 200 day simple moving average is $98.65.

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.