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

Summit Asset Management LLC increased its holdings in iShares Core U.S. Aggregate Bond ETF (NYSEARCA:AGG) by 301.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 83,645 shares of the company’s stock after acquiring an additional 62,789 shares during the quarter. iShares Core U.S. Aggregate Bond ETF comprises approximately 1.4% of Summit Asset Management LLC’s portfolio, 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 institutional investors and hedge funds also recently added to or reduced their stakes in AGG. Arizona PSPRS Trust bought a new position in shares of iShares Core U.S. Aggregate Bond ETF during the third quarter valued at $822,973,000. United Services Automobile Association increased its holdings in shares of iShares Core U.S. Aggregate Bond ETF by 105.8% during the third quarter. United Services Automobile Association now owns 9,129,161 shares of the company’s stock valued at $924,510,000 after acquiring an additional 4,694,299 shares in the last quarter. Constellation Investments Inc. bought a new position in shares of iShares Core U.S. Aggregate Bond ETF during the fourth quarter valued at $431,100,000. US Bancorp DE increased its holdings in iShares Core U.S. Aggregate Bond ETF by 11.1% in the 3rd quarter. US Bancorp DE now owns 37,260,740 shares of the company’s stock worth $3,697,061,000 after buying an additional 3,717,053 shares in the last quarter. Finally, Balentine LLC increased its holdings in iShares Core U.S. Aggregate Bond ETF by 86.4% in the 3rd quarter. Balentine LLC now owns 4,580,986 shares of the company’s stock worth $463,916,000 after buying an additional 2,123,395 shares in the last quarter. Hedge funds and other institutional investors own 83.63% of the company’s stock.

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

NYSEARCA AGG opened at $98.02 on Friday. The stock has a 50-day moving average of $97.08 and a 200 day moving average of $98.75. iShares Core U.S. Aggregate Bond ETF has a one year low of $94.85 and a one year 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.