iShares Core U.S. Aggregate Bond ETF $AGG is Summit Asset Management LLC’s 8th Largest Position

Summit Asset Management LLC raised its holdings in shares of iShares Core U.S. Aggregate Bond ETF (NYSEARCA:AGG) by 8.9% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 311,757 shares of the company’s stock after acquiring an additional 25,516 shares during the quarter. iShares Core U.S. Aggregate Bond ETF makes up 4.3% of Summit Asset Management LLC’s investment portfolio, making the stock its 8th biggest holding. Summit Asset Management LLC’s holdings in iShares Core U.S. Aggregate Bond ETF were worth $30,948,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Blueline Advisors LLC purchased a new stake in iShares Core U.S. Aggregate Bond ETF during the fourth quarter worth approximately $25,000. Cresta Advisors Ltd. acquired a new position in iShares Core U.S. Aggregate Bond ETF in the fourth quarter valued at approximately $25,000. Valley National Advisers Inc. boosted its holdings in iShares Core U.S. Aggregate Bond ETF by 339.0% in the fourth quarter. Valley National Advisers Inc. now owns 259 shares of the company’s stock valued at $25,000 after purchasing an additional 200 shares in the last quarter. First Command Advisory Services Inc. increased its stake in 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 purchased a new position in iShares Core U.S. Aggregate Bond ETF in the third quarter valued at approximately $29,000. Hedge funds and other institutional investors own 83.63% of the company’s stock.

iShares Core U.S. Aggregate Bond ETF Trading Down 0.3%

AGG stock opened at $97.95 on Tuesday. iShares Core U.S. Aggregate Bond ETF has a twelve month low of $97.51 and a twelve month high of $101.46. The company’s 50 day moving average is $98.53 and its two-hundred day moving average is $99.38. The stock has a market cap of $138.28 billion, a P/E ratio of 124.57 and a beta of 0.25.

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.