PNC Financial Services Group Inc. Buys 451,566 Shares of iShares Core U.S. Aggregate Bond ETF $AGG

PNC Financial Services Group Inc. lifted its stake in shares of iShares Core U.S. Aggregate Bond ETF (NYSEARCA:AGG) by 4.6% in the first quarter, according to the company in its most recent filing with the SEC. The fund owned 10,336,251 shares of the company’s stock after buying an additional 451,566 shares during the quarter. PNC Financial Services Group Inc. owned about 0.76% of iShares Core U.S. Aggregate Bond ETF worth $1,026,080,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of AGG. Valley National Advisers Inc. raised its holdings in iShares Core U.S. Aggregate Bond ETF by 339.0% in the 4th quarter. Valley National Advisers Inc. now owns 259 shares of the company’s stock valued at $25,000 after acquiring an additional 200 shares during the period. Cresta Advisors Ltd. bought a new stake in shares of iShares Core U.S. Aggregate Bond ETF during the fourth quarter worth approximately $25,000. Blueline Advisors LLC bought a new stake in shares of iShares Core U.S. Aggregate Bond ETF during the fourth quarter worth approximately $25,000. First Command Advisory Services Inc. grew its position in shares of iShares Core U.S. Aggregate Bond ETF by 321.2% in the fourth quarter. First Command Advisory Services Inc. now owns 278 shares of the company’s stock valued at $28,000 after purchasing an additional 212 shares during the last quarter. Finally, Wiser Advisor Group LLC acquired a new position in shares of iShares Core U.S. Aggregate Bond ETF in the third quarter valued at approximately $29,000. Institutional investors own 83.63% of the company’s stock.

iShares Core U.S. Aggregate Bond ETF Trading Down 0.2%

Shares of NYSEARCA AGG opened at $97.74 on Wednesday. The firm has a market cap of $137.98 billion, a P/E ratio of 124.57 and a beta of 0.25. The business’s 50 day moving average is $98.51 and its 200-day moving average is $99.37. iShares Core U.S. Aggregate Bond ETF has a 1-year low of $97.51 and a 1-year high of $101.46.

About iShares Core U.S. Aggregate Bond ETF

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.