Raymond James Financial Inc. Makes New $7.55 Billion Investment in iShares Core U.S. Aggregate Bond ETF (NYSEARCA:AGG)

Raymond James Financial Inc. acquired a new position in iShares Core U.S. Aggregate Bond ETF (NYSEARCA:AGG) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 77,873,077 shares of the company’s stock, valued at approximately $7,545,901,000. iShares Core U.S. Aggregate Bond ETF makes up about 2.8% of Raymond James Financial Inc.’s investment portfolio, making the stock its 2nd biggest position. Raymond James Financial Inc. owned about 0.06% of iShares Core U.S. Aggregate Bond ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently bought and sold shares of AGG. Crescent Grove Advisors LLC boosted its stake in iShares Core U.S. Aggregate Bond ETF by 4.4% in the third quarter. Crescent Grove Advisors LLC now owns 5,104 shares of the company’s stock worth $517,000 after purchasing an additional 213 shares in the last quarter. Tobias Financial Advisors Inc. raised its position in shares of iShares Core U.S. Aggregate Bond ETF by 0.5% during the third quarter. Tobias Financial Advisors Inc. now owns 48,455 shares of the company’s stock worth $4,907,000 after acquiring an additional 258 shares during the last quarter. Balentine LLC raised its position in shares of iShares Core U.S. Aggregate Bond ETF by 86.4% during the third quarter. Balentine LLC now owns 4,580,986 shares of the company’s stock worth $463,916,000 after acquiring an additional 2,123,395 shares during the last quarter. Long Run Wealth Advisors LLC raised its position in shares of iShares Core U.S. Aggregate Bond ETF by 163.0% during the third quarter. Long Run Wealth Advisors LLC now owns 53,633 shares of the company’s stock worth $5,431,000 after acquiring an additional 33,244 shares during the last quarter. Finally, Beacon Financial Advisory LLC raised its position in shares of iShares Core U.S. Aggregate Bond ETF by 34.8% during the third quarter. Beacon Financial Advisory LLC now owns 4,626 shares of the company’s stock worth $468,000 after acquiring an additional 1,195 shares during the last quarter. Institutional investors and hedge funds own 83.63% of the company’s stock.

iShares Core U.S. Aggregate Bond ETF Stock Down 0.3 %

AGG stock opened at $98.57 on Thursday. The company has a market cap of $124.20 billion, a P/E ratio of 125.24 and a beta of 0.20. iShares Core U.S. Aggregate Bond ETF has a twelve month low of $94.85 and a twelve month high of $102.04. The business has a fifty day moving average of $97.36 and a 200-day moving average of $98.69.

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.