iShares Core U.S. Aggregate Bond ETF $AGG Position Lessened by Axxcess Wealth Management LLC

Axxcess Wealth Management LLC decreased its holdings in shares of iShares Core U.S. Aggregate Bond ETF (NYSEARCA:AGG) by 6.7% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 1,789,175 shares of the company’s stock after selling 127,489 shares during the period. iShares Core U.S. Aggregate Bond ETF makes up approximately 5.7% of Axxcess Wealth Management LLC’s investment portfolio, making the stock its biggest position. Axxcess Wealth Management LLC’s holdings in iShares Core U.S. Aggregate Bond ETF were worth $177,611,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Raymond James Financial Inc. boosted its position in shares of iShares Core U.S. Aggregate Bond ETF by 7.0% during the 4th quarter. Raymond James Financial Inc. now owns 84,760,819 shares of the company’s stock valued at $8,465,912,000 after acquiring an additional 5,514,115 shares during the last quarter. Bank of America Corp DE increased its position in shares of iShares Core U.S. Aggregate Bond ETF by 16.0% in the fourth quarter. Bank of America Corp DE now owns 53,737,402 shares of the company’s stock worth $5,367,292,000 after purchasing an additional 7,411,242 shares during the last quarter. US Bancorp DE increased its position in shares of iShares Core U.S. Aggregate Bond ETF by 1.2% in the fourth quarter. US Bancorp DE now owns 42,844,111 shares of the company’s stock worth $4,279,296,000 after purchasing an additional 489,837 shares during the last quarter. Mercer Global Advisors Inc. ADV raised its stake in iShares Core U.S. Aggregate Bond ETF by 9.1% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 36,259,568 shares of the company’s stock valued at $3,621,605,000 after purchasing an additional 3,032,433 shares in the last quarter. Finally, Morgan Stanley raised its stake in iShares Core U.S. Aggregate Bond ETF by 4.0% in the fourth quarter. Morgan Stanley now owns 32,483,415 shares of the company’s stock valued at $3,244,444,000 after purchasing an additional 1,245,217 shares in the last quarter. 83.63% of the stock is currently owned by hedge funds and other institutional investors.

iShares Core U.S. Aggregate Bond ETF Price Performance

Shares of iShares Core U.S. Aggregate Bond ETF stock opened at $98.21 on Wednesday. iShares Core U.S. Aggregate Bond ETF has a 1 year low of $97.51 and a 1 year high of $101.46. The firm has a market cap of $137.80 billion, a PE ratio of 124.57 and a beta of 0.25. The company has a 50 day simple moving average of $98.72 and a two-hundred day simple moving average of $99.51.

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.