Summit Financial LLC Acquires 17,901 Shares of iShares Core U.S. Aggregate Bond ETF $AGG

Summit Financial LLC lifted its holdings in shares of iShares Core U.S. Aggregate Bond ETF (NYSEARCA:AGG) by 6.2% during the fourth quarter, HoldingsChannel reports. The firm owned 305,794 shares of the company’s stock after purchasing an additional 17,901 shares during the quarter. Summit Financial LLC’s holdings in iShares Core U.S. Aggregate Bond ETF were worth $30,543,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in the business. Raymond James Financial Inc. raised its stake in shares of iShares Core U.S. Aggregate Bond ETF by 2.5% during the 3rd quarter. Raymond James Financial Inc. now owns 79,246,704 shares of the company’s stock worth $7,944,482,000 after purchasing an additional 1,911,414 shares during the period. Bank of America Corp DE raised its stake in shares of iShares Core U.S. Aggregate Bond ETF by 5.5% during the 3rd quarter. Bank of America Corp DE now owns 46,326,160 shares of the company’s stock worth $4,644,198,000 after purchasing an additional 2,423,410 shares during the period. US Bancorp DE raised its stake in shares of iShares Core U.S. Aggregate Bond ETF by 1.2% during the 4th quarter. US Bancorp DE now owns 42,844,111 shares of the company’s stock worth $4,279,296,000 after purchasing an additional 489,837 shares during the period. Mercer Global Advisors Inc. ADV raised its stake in shares of iShares Core U.S. Aggregate Bond ETF by 17.5% during the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 33,227,135 shares of the company’s stock worth $3,331,020,000 after purchasing an additional 4,942,715 shares during the period. Finally, Betterment LLC raised its stake in shares of iShares Core U.S. Aggregate Bond ETF by 6.9% during the 4th quarter. Betterment LLC now owns 26,255,484 shares of the company’s stock worth $2,622,398,000 after purchasing an additional 1,687,004 shares during the period. 83.63% of the stock is currently owned by institutional investors.

iShares Core U.S. Aggregate Bond ETF Price Performance

NYSEARCA AGG opened at $98.76 on Friday. The stock has a market capitalization of $134.94 billion, a price-to-earnings ratio of 124.57 and a beta of 0.25. iShares Core U.S. Aggregate Bond ETF has a one year low of $97.51 and a one year high of $101.46. The business’s fifty day moving average is $98.94 and its 200-day moving average is $99.68.

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.