CVS HEALTH Corp Purchases New Position in iShares Core U.S. Aggregate Bond ETF $AGG

CVS HEALTH Corp purchased a new stake in shares of iShares Core U.S. Aggregate Bond ETF (NYSEARCA:AGG) during the 1st quarter, according to its most recent disclosure with the SEC. The fund purchased 149,700 shares of the company’s stock, valued at approximately $14,861,000. iShares Core U.S. Aggregate Bond ETF comprises about 7.0% of CVS HEALTH Corp’s investment portfolio, making the stock its 5th biggest position.

A number of other institutional investors have also added to or reduced their stakes in the stock. Bank of America Corp DE increased its holdings in shares of iShares Core U.S. Aggregate Bond ETF by 16.0% during the fourth quarter. Bank of America Corp DE now owns 53,737,402 shares of the company’s stock worth $5,367,292,000 after buying an additional 7,411,242 shares in the last quarter. Raymond James Financial Inc. boosted its holdings in shares of 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 valued at $8,465,912,000 after acquiring an additional 5,514,115 shares in the last quarter. Northern Trust Corp boosted its holdings in shares of iShares Core U.S. Aggregate Bond ETF by 25.1% during the 4th quarter. Northern Trust Corp now owns 20,705,925 shares of the company’s stock valued at $2,068,108,000 after acquiring an additional 4,148,106 shares in the last quarter. Mercer Global Advisors Inc. ADV boosted its holdings 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 valued at $3,621,605,000 after acquiring an additional 3,032,433 shares in the last quarter. Finally, Constellation Investments Inc. grew its position in iShares Core U.S. Aggregate Bond ETF by 70.2% during the 4th quarter. Constellation Investments Inc. now owns 7,062,919 shares of the company’s stock worth $705,444,000 after acquiring an additional 2,914,000 shares during 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 Down 0.3%

Shares of AGG opened at $97.95 on Tuesday. iShares Core U.S. Aggregate Bond ETF has a 12-month low of $97.51 and a 12-month high of $101.46. The business has a 50-day simple moving average of $98.53 and a two-hundred day simple moving average of $99.38. The stock has a market cap of $138.28 billion, a PE ratio of 124.57 and a beta of 0.25.

About iShares Core U.S. Aggregate Bond ETF

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.