Navigate Wealth Management LLC Makes New $7.22 Million Investment in iShares Core U.S. Aggregate Bond ETF $AGG

Navigate Wealth Management LLC purchased a new position in iShares Core U.S. Aggregate Bond ETF (NYSEARCA:AGG) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 72,576 shares of the company’s stock, valued at approximately $7,219,000. iShares Core U.S. Aggregate Bond ETF comprises about 5.1% of Navigate Wealth Management LLC’s portfolio, making the stock its 6th biggest holding.

Several other institutional investors and hedge funds have also made changes to their positions in AGG. Raymond James Financial Inc. increased its position in iShares Core U.S. Aggregate Bond ETF by 7.0% during the 4th quarter. Raymond James Financial Inc. now owns 84,760,819 shares of the company’s stock worth $8,465,912,000 after purchasing an additional 5,514,115 shares in the last quarter. Bank of America Corp DE lifted its holdings in iShares Core U.S. Aggregate Bond ETF by 16.0% in the 4th quarter. Bank of America Corp DE now owns 53,737,402 shares of the company’s stock valued at $5,367,292,000 after purchasing an additional 7,411,242 shares in the last quarter. US Bancorp DE lifted its holdings in iShares Core U.S. Aggregate Bond ETF by 1.2% in the 4th quarter. US Bancorp DE now owns 42,844,111 shares of the company’s stock valued at $4,279,296,000 after purchasing an additional 489,837 shares in the last quarter. Mercer Global Advisors Inc. ADV boosted its stake in shares of iShares Core U.S. Aggregate Bond ETF by 9.1% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 36,259,568 shares of the company’s stock worth $3,621,605,000 after purchasing an additional 3,032,433 shares during the last quarter. Finally, Morgan Stanley boosted its stake in shares of iShares Core U.S. Aggregate Bond ETF by 4.0% during the 4th quarter. Morgan Stanley now owns 32,483,415 shares of the company’s stock worth $3,244,444,000 after purchasing an additional 1,245,217 shares during the last quarter. 83.63% of the stock is currently owned by hedge funds and other institutional investors.

iShares Core U.S. Aggregate Bond ETF Price Performance

Shares of NYSEARCA AGG opened at $98.08 on Monday. The company has a 50-day simple moving average of $98.65 and a 200-day simple moving average of $99.47. The company has a market cap of $138.28 billion, a PE ratio of 124.57 and a beta of 0.25. iShares Core U.S. Aggregate Bond ETF has a 12 month low of $97.51 and a 12 month high of $101.46.

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.