321,231 Shares in iShares Core U.S. Aggregate Bond ETF $AGG Purchased by a16z Perennial Management L.P.

a16z Perennial Management L.P. bought a new stake in shares of iShares Core U.S. Aggregate Bond ETF (NYSEARCA:AGG) during the first quarter, HoldingsChannel.com reports. The fund bought 321,231 shares of the company’s stock, valued at approximately $31,889,000. iShares Core U.S. Aggregate Bond ETF makes up about 2.6% of a16z Perennial Management L.P.’s holdings, making the stock its 10th largest holding.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. PNC Financial Services Group Inc. raised its position in iShares Core U.S. Aggregate Bond ETF by 4.6% during the 1st quarter. PNC Financial Services Group Inc. now owns 10,336,251 shares of the company’s stock valued at $1,026,080,000 after purchasing an additional 451,566 shares in the last quarter. HORAN Wealth LLC bought a new position in shares of iShares Core U.S. Aggregate Bond ETF during the 1st quarter worth $1,156,000. Summit Asset Management LLC grew its holdings in iShares Core U.S. Aggregate Bond ETF by 8.9% during the 1st quarter. Summit Asset Management LLC now owns 311,757 shares of the company’s stock worth $30,948,000 after acquiring an additional 25,516 shares in the last quarter. Glenview Trust Co boosted its position in iShares Core U.S. Aggregate Bond ETF by 3.4% during the 1st quarter. Glenview Trust Co now owns 55,735 shares of the company’s stock valued at $5,533,000 after acquiring an additional 1,841 shares in the last quarter. Finally, Madison Asset Management LLC lifted its stake in shares of iShares Core U.S. Aggregate Bond ETF by 2.3% during the 1st quarter. Madison Asset Management LLC now owns 253,778 shares of the company’s stock worth $25,193,000 after purchasing an additional 5,788 shares during the last quarter. Institutional investors own 83.63% of the company’s stock.

iShares Core U.S. Aggregate Bond ETF Price Performance

Shares of AGG stock opened at $97.74 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 stock’s 50-day moving average is $98.51 and its 200 day moving average is $99.37. The company has a market cap of $137.98 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.