Biondo Investment Advisors LLC Invests $1.55 Million in iShares Core U.S. Aggregate Bond ETF $AGG

Biondo Investment Advisors LLC purchased a new position in shares of iShares Core U.S. Aggregate Bond ETF (NYSEARCA:AGG) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 15,485 shares of the company’s stock, valued at approximately $1,547,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Raymond James Financial Inc. boosted its holdings 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 worth $7,944,482,000 after buying an additional 1,911,414 shares in the last quarter. Bank of America Corp DE boosted its holdings in iShares Core U.S. Aggregate Bond ETF by 5.5% during the third 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 in the last quarter. US Bancorp DE boosted its holdings in iShares Core U.S. Aggregate Bond ETF by 1.2% during the fourth quarter. US Bancorp DE now owns 42,844,111 shares of the company’s stock worth $4,279,296,000 after buying an additional 489,837 shares in the last quarter. Mercer Global Advisors Inc. ADV boosted its holdings in iShares Core U.S. Aggregate Bond ETF by 17.5% during the third 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 in the last quarter. Finally, Morgan Stanley boosted its holdings in iShares Core U.S. Aggregate Bond ETF by 4.0% during the fourth quarter. Morgan Stanley now owns 32,483,415 shares of the company’s stock worth $3,244,444,000 after buying an additional 1,245,217 shares in the last quarter. 83.63% of the stock is currently owned by institutional investors and hedge funds.

iShares Core U.S. Aggregate Bond ETF Trading Down 0.1%

AGG stock opened at $98.76 on Friday. The company has a market cap of $134.94 billion, a P/E ratio of 124.57 and a beta of 0.25. iShares Core U.S. Aggregate Bond ETF has a 52 week low of $97.51 and a 52 week high of $101.46. The company’s 50-day moving average price is $98.94 and its 200 day moving average price is $99.68.

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.