Canal Capital Management LLC Sells 29,067 Shares of iShares Core U.S. Aggregate Bond ETF $AGG

Canal Capital Management LLC cut its position in shares of iShares Core U.S. Aggregate Bond ETF (NYSEARCA:AGG) by 53.3% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 25,482 shares of the company’s stock after selling 29,067 shares during the quarter. Canal Capital Management LLC’s holdings in iShares Core U.S. Aggregate Bond ETF were worth $2,530,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the company. Bank of America Corp DE raised its holdings in shares of iShares Core U.S. Aggregate Bond ETF by 16.0% in the 4th quarter. Bank of America Corp DE now owns 53,737,402 shares of the company’s stock valued at $5,367,292,000 after purchasing an additional 7,411,242 shares during the period. Raymond James Financial Inc. grew its holdings in iShares Core U.S. Aggregate Bond ETF by 7.0% during the fourth quarter. Raymond James Financial Inc. now owns 84,760,819 shares of the company’s stock worth $8,465,912,000 after purchasing an additional 5,514,115 shares during the period. Mercer Global Advisors Inc. ADV grew 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 purchasing an additional 4,942,715 shares during the period. Northern Trust Corp grew its holdings in iShares Core U.S. Aggregate Bond ETF by 25.1% during the fourth quarter. Northern Trust Corp now owns 20,705,925 shares of the company’s stock worth $2,068,108,000 after purchasing an additional 4,148,106 shares during the period. Finally, Constellation Investments Inc. increased its position in iShares Core U.S. Aggregate Bond ETF by 70.2% during the fourth quarter. Constellation Investments Inc. now owns 7,062,919 shares of the company’s stock worth $705,444,000 after buying an additional 2,914,000 shares during the last quarter. 83.63% of the stock is currently owned by institutional investors.

iShares Core U.S. Aggregate Bond ETF Price Performance

NYSEARCA:AGG opened at $98.61 on Friday. The stock’s 50 day moving average price is $98.76 and its two-hundred day moving average price is $99.53. The firm has a market capitalization of $138.36 billion, a price-to-earnings ratio of 124.57 and a beta of 0.25. iShares Core U.S. Aggregate Bond ETF has a 12-month low of $97.51 and a 12-month high of $101.46.

iShares Core U.S. Aggregate Bond ETF 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.