State of Michigan Retirement System Buys 510,000 Shares of iShares Core U.S. Aggregate Bond ETF (NYSEARCA:AGG)

State of Michigan Retirement System lifted its stake in iShares Core U.S. Aggregate Bond ETF (NYSEARCA:AGG) by 109.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 977,500 shares of the company’s stock after acquiring an additional 510,000 shares during the period. iShares Core U.S. Aggregate Bond ETF accounts for 0.6% of State of Michigan Retirement System’s portfolio, making the stock its 29th largest position. State of Michigan Retirement System owned 0.10% of iShares Core U.S. Aggregate Bond ETF worth $97,017,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Pinnacle Financial Partners Inc increased its position in iShares Core U.S. Aggregate Bond ETF by 45.4% during the 4th quarter. Pinnacle Financial Partners Inc now owns 73,702 shares of the company’s stock valued at $7,315,000 after buying an additional 23,019 shares in the last quarter. Wolf Group Capital Advisors increased its holdings in shares of iShares Core U.S. Aggregate Bond ETF by 6.5% in the fourth quarter. Wolf Group Capital Advisors now owns 13,238 shares of the company’s stock valued at $1,297,000 after purchasing an additional 806 shares during the period. Durante & Waters LLC acquired a new position in shares of iShares Core U.S. Aggregate Bond ETF in the fourth quarter valued at about $5,141,000. Country Club Bank GFN increased its holdings in shares of iShares Core U.S. Aggregate Bond ETF by 5.0% in the fourth quarter. Country Club Bank GFN now owns 8,362 shares of the company’s stock valued at $832,000 after purchasing an additional 399 shares during the period. Finally, Ascent Wealth Partners LLC increased its holdings in shares of iShares Core U.S. Aggregate Bond ETF by 3.4% in the fourth quarter. Ascent Wealth Partners LLC now owns 17,551 shares of the company’s stock valued at $1,742,000 after purchasing an additional 578 shares during the period. 83.63% of the stock is owned by institutional investors.

iShares Core U.S. Aggregate Bond ETF Stock Down 1.0 %

Shares of AGG traded down $0.98 during mid-day trading on Monday, reaching $96.96. The company had a trading volume of 8,667,399 shares, compared to its average volume of 8,911,216. iShares Core U.S. Aggregate Bond ETF has a 52-week low of $91.58 and a 52-week high of $100.98. The stock has a 50 day moving average of $97.70 and a two-hundred day moving average of $96.42.

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.