Steele Capital Management Inc. Makes New $94.83 Million Investment in iShares Core U.S. Aggregate Bond ETF $AGG

Steele Capital Management Inc. purchased a new stake in iShares Core U.S. Aggregate Bond ETF (NYSEARCA:AGG) in the third quarter, HoldingsChannel reports. The fund purchased 1,003,015 shares of the company’s stock, valued at approximately $94,825,000. iShares Core U.S. Aggregate Bond ETF accounts for 3.5% of Steele Capital Management Inc.’s portfolio, making the stock its 11th largest holding.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Bank of America Corp DE increased its holdings in shares of iShares Core U.S. Aggregate Bond ETF by 29.6% during the 1st quarter. Bank of America Corp DE now owns 69,660,482 shares of the company’s stock worth $6,915,196,000 after purchasing an additional 15,923,080 shares during the period. D.A. Davidson & CO. bought a new stake in shares of iShares Core U.S. Aggregate Bond ETF in the third quarter valued at about $548,482,000. Empower Annuity Insurance Co bought a new stake in shares of iShares Core U.S. Aggregate Bond ETF in the second quarter valued at about $267,968,630,000. Royal Bank of Canada lifted its stake in shares of iShares Core U.S. Aggregate Bond ETF by 39.2% in the first quarter. Royal Bank of Canada now owns 6,744,642 shares of the company’s stock valued at $669,542,000 after buying an additional 1,898,484 shares during the period. Finally, Fifth Third Bancorp grew its position in iShares Core U.S. Aggregate Bond ETF by 144.7% during the first quarter. Fifth Third Bancorp now owns 3,183,564 shares of the company’s stock worth $316,032,000 after buying an additional 1,882,701 shares in the last quarter. 83.63% of the stock is currently owned by institutional investors and hedge funds.

iShares Core U.S. Aggregate Bond ETF Stock Up 0.2%

AGG stock opened at $96.62 on Friday. iShares Core U.S. Aggregate Bond ETF has a twelve month low of $93.83 and a twelve month high of $101.46. The company has a market cap of $139.13 billion, a PE ratio of 124.57 and a beta of 0.26. The business’s 50-day simple moving average is $95.73 and its 200 day simple moving average is $98.18.

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.