Summit Financial LLC Grows Stake in iShares Core U.S. Aggregate Bond ETF (NYSEARCA:AGG)

Summit Financial LLC lifted its stake in iShares Core U.S. Aggregate Bond ETF (NYSEARCA:AGG) by 1.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 184,756 shares of the company’s stock after purchasing an additional 3,468 shares during the quarter. iShares Core U.S. Aggregate Bond ETF accounts for approximately 0.6% of Summit Financial LLC’s holdings, making the stock its 24th biggest position. Summit Financial LLC’s holdings in iShares Core U.S. Aggregate Bond ETF were worth $17,903,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Townsquare Capital LLC boosted its position in shares of iShares Core U.S. Aggregate Bond ETF by 47.6% during the third quarter. Townsquare Capital LLC now owns 28,334 shares of the company’s stock valued at $2,869,000 after buying an additional 9,136 shares during the last quarter. Fiduciary Trust Co bought a new stake in shares of iShares Core U.S. Aggregate Bond ETF in the third quarter worth approximately $246,000. Rockefeller Capital Management L.P. raised its holdings in shares of iShares Core U.S. Aggregate Bond ETF by 9.6% during the third quarter. Rockefeller Capital Management L.P. now owns 168,682 shares of the company’s stock valued at $17,082,000 after purchasing an additional 14,719 shares during the last quarter. Verition Fund Management LLC bought a new position in iShares Core U.S. Aggregate Bond ETF during the third quarter valued at approximately $506,000. Finally, L.M. Kohn & Company purchased a new stake in iShares Core U.S. Aggregate Bond ETF in the third quarter worth approximately $263,000. 83.63% of the stock is owned by hedge funds and other institutional investors.

iShares Core U.S. Aggregate Bond ETF Trading Up 0.6 %

NYSEARCA:AGG opened at $98.73 on Monday. The company has a 50 day simple moving average of $98.00 and a two-hundred day simple moving average of $98.41. The company has a market cap of $125.39 billion, a PE ratio of 125.34 and a beta of 0.22. iShares Core U.S. Aggregate Bond ETF has a 12 month low of $94.85 and a 12 month high of $102.04.

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.