iShares Core U.S. Aggregate Bond ETF $AGG Shares Bought by Royal Bank of Canada

Royal Bank of Canada lifted its holdings in shares of iShares Core U.S. Aggregate Bond ETF (NYSEARCA:AGG) by 39.2% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,744,642 shares of the company’s stock after buying an additional 1,898,484 shares during the period. Royal Bank of Canada’s holdings in iShares Core U.S. Aggregate Bond ETF were worth $669,542,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of AGG. Valley National Advisers Inc. grew its holdings in iShares Core U.S. Aggregate Bond ETF by 339.0% during the fourth quarter. Valley National Advisers Inc. now owns 259 shares of the company’s stock worth $25,000 after acquiring an additional 200 shares during the period. Cresta Advisors Ltd. acquired a new stake in iShares Core U.S. Aggregate Bond ETF in the fourth quarter valued at $25,000. Blueline Advisors LLC acquired a new stake in iShares Core U.S. Aggregate Bond ETF in the fourth quarter valued at $25,000. First Command Advisory Services Inc. boosted its position in shares of iShares Core U.S. Aggregate Bond ETF by 321.2% during the 4th quarter. First Command Advisory Services Inc. now owns 278 shares of the company’s stock worth $28,000 after purchasing an additional 212 shares in the last quarter. Finally, Wiser Advisor Group LLC purchased a new stake in shares of iShares Core U.S. Aggregate Bond ETF during the 3rd quarter worth $29,000. 83.63% of the stock is owned by institutional investors and hedge funds.

iShares Core U.S. Aggregate Bond ETF Stock Up 0.2%

NYSEARCA:AGG opened at $97.92 on Wednesday. iShares Core U.S. Aggregate Bond ETF has a fifty-two week low of $97.27 and a fifty-two week high of $101.46. The stock has a market cap of $138.23 billion, a PE ratio of 124.57 and a beta of 0.25. The firm’s fifty day simple moving average is $98.45 and its 200-day simple moving average is $99.28.

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.