First Merchants Corp Sells 9,143 Shares of iShares Core U.S. Aggregate Bond ETF $AGG

First Merchants Corp cut its position in shares of iShares Core U.S. Aggregate Bond ETF (NYSEARCA:AGG) by 2.8% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 320,022 shares of the company’s stock after selling 9,143 shares during the quarter. iShares Core U.S. Aggregate Bond ETF comprises 1.2% of First Merchants Corp’s investment portfolio, making the stock its 18th biggest holding. First Merchants Corp’s holdings in iShares Core U.S. Aggregate Bond ETF were worth $31,964,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in AGG. Raymond James Financial Inc. lifted its position in iShares Core U.S. Aggregate Bond ETF by 2.5% during the third quarter. Raymond James Financial Inc. now owns 79,246,704 shares of the company’s stock valued at $7,944,482,000 after buying an additional 1,911,414 shares during the period. Bank of America Corp DE grew its position in shares of iShares Core U.S. Aggregate Bond ETF by 5.5% in the 3rd quarter. Bank of America Corp DE now owns 46,326,160 shares of the company’s stock worth $4,644,198,000 after buying an additional 2,423,410 shares during the period. Mercer Global Advisors Inc. ADV grew its position in shares of iShares Core U.S. Aggregate Bond ETF by 17.5% in the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 33,227,135 shares of the company’s stock worth $3,331,020,000 after buying an additional 4,942,715 shares during the period. Betterment LLC increased its stake in shares of iShares Core U.S. Aggregate Bond ETF by 6.5% in the 3rd quarter. Betterment LLC now owns 24,568,480 shares of the company’s stock worth $2,462,990,000 after acquiring an additional 1,500,630 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC increased its stake in shares of iShares Core U.S. Aggregate Bond ETF by 8.3% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 19,621,070 shares of the company’s stock worth $1,962,495,000 after acquiring an additional 1,507,215 shares in the last quarter. 83.63% of the stock is owned by hedge funds and other institutional investors.

iShares Core U.S. Aggregate Bond ETF Price Performance

Shares of NYSEARCA AGG opened at $99.11 on Thursday. iShares Core U.S. Aggregate Bond ETF has a 1 year low of $96.15 and a 1 year high of $101.46. The firm has a 50-day moving average of $100.16 and a 200 day moving average of $100.26. The stock has a market cap of $136.97 billion, a P/E 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.