iShares Core U.S. Aggregate Bond ETF $AGG is Summit Global Investments’ 6th Largest Position

Summit Global Investments grew its stake in iShares Core U.S. Aggregate Bond ETF (NYSEARCA:AGG) by 1.4% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 605,293 shares of the company’s stock after acquiring an additional 8,590 shares during the period. iShares Core U.S. Aggregate Bond ETF comprises 3.5% of Summit Global Investments’ investment portfolio, making the stock its 6th biggest holding. Summit Global Investments’ holdings in iShares Core U.S. Aggregate Bond ETF were worth $60,681,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Envestnet Asset Management Inc. boosted its stake in shares of iShares Core U.S. Aggregate Bond ETF by 11.8% in the second quarter. Envestnet Asset Management Inc. now owns 54,218,326 shares of the company’s stock valued at $5,378,443,000 after purchasing an additional 5,728,914 shares during the period. US Bancorp DE lifted its holdings in iShares Core U.S. Aggregate Bond ETF by 29.1% during the 2nd quarter. US Bancorp DE now owns 43,988,044 shares of the company’s stock worth $4,363,640,000 after buying an additional 9,922,958 shares in the last quarter. Bank of America Corp DE boosted its position in iShares Core U.S. Aggregate Bond ETF by 4.6% in the 2nd quarter. Bank of America Corp DE now owns 43,902,750 shares of the company’s stock valued at $4,355,153,000 after buying an additional 1,915,497 shares during the period. Betterment LLC grew its stake in shares of iShares Core U.S. Aggregate Bond ETF by 5.4% in the second quarter. Betterment LLC now owns 23,067,850 shares of the company’s stock worth $2,288,331,000 after acquiring an additional 1,191,388 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. increased its position in shares of iShares Core U.S. Aggregate Bond ETF by 12.4% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 18,959,615 shares of the company’s stock worth $1,880,794,000 after acquiring an additional 2,093,359 shares during the period. Institutional investors and hedge funds own 83.63% of the company’s stock.

iShares Core U.S. Aggregate Bond ETF Stock Performance

NYSEARCA:AGG opened at $100.15 on Friday. iShares Core U.S. Aggregate Bond ETF has a 12-month low of $96.15 and a 12-month high of $101.35. The firm has a market cap of $138.29 billion, a PE ratio of 124.57 and a beta of 0.25. The stock has a fifty day moving average price of $100.13 and a 200 day moving average price of $99.91.

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.