Summit Asset Management LLC Boosts Stock Position in iShares Core U.S. Aggregate Bond ETF (NYSEARCA:AGG)

Summit Asset Management LLC grew its stake in shares of iShares Core U.S. Aggregate Bond ETF (NYSEARCA:AGG) by 301.1% during the fourth quarter, Holdings Channel reports. The institutional investor owned 83,645 shares of the company’s stock after buying an additional 62,789 shares during the period. iShares Core U.S. Aggregate Bond ETF comprises 1.4% of Summit Asset Management LLC’s holdings, making the stock its 19th biggest position. Summit Asset Management LLC’s holdings in iShares Core U.S. Aggregate Bond ETF were worth $8,105,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in AGG. Mesirow Financial Investment Management Inc. grew its holdings in iShares Core U.S. Aggregate Bond ETF by 0.8% during the third quarter. Mesirow Financial Investment Management Inc. now owns 12,674 shares of the company’s stock worth $1,283,000 after acquiring an additional 104 shares during the period. Howe & Rusling Inc. grew its holdings in iShares Core U.S. Aggregate Bond ETF by 2.4% during the third quarter. Howe & Rusling Inc. now owns 4,414 shares of the company’s stock worth $447,000 after acquiring an additional 105 shares during the period. Braun Bostich & Associates Inc. grew its holdings in iShares Core U.S. Aggregate Bond ETF by 4.5% during the fourth quarter. Braun Bostich & Associates Inc. now owns 2,533 shares of the company’s stock worth $245,000 after acquiring an additional 109 shares during the period. Vestia Personal Wealth Advisors grew its holdings in iShares Core U.S. Aggregate Bond ETF by 5.1% during the fourth quarter. Vestia Personal Wealth Advisors now owns 2,493 shares of the company’s stock worth $242,000 after acquiring an additional 121 shares during the period. Finally, Mount Yale Investment Advisors LLC boosted its position in iShares Core U.S. Aggregate Bond ETF by 1.5% during the fourth quarter. Mount Yale Investment Advisors LLC now owns 8,246 shares of the company’s stock worth $799,000 after purchasing an additional 122 shares in the last quarter. 83.63% of the stock is owned by hedge funds and other institutional investors.

iShares Core U.S. Aggregate Bond ETF Trading Up 0.4 %

Shares of AGG stock opened at $98.02 on Friday. The business’s 50 day moving average is $97.08 and its two-hundred day moving average is $98.75. iShares Core U.S. Aggregate Bond ETF has a 12-month low of $94.85 and a 12-month high of $102.04.

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.