Raymond James Financial Inc. Takes Position in iShares Core U.S. Aggregate Bond ETF (NYSEARCA:AGG)

Raymond James Financial Inc. acquired a new stake in shares of iShares Core U.S. Aggregate Bond ETF (NYSEARCA:AGG) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 77,873,077 shares of the company’s stock, valued at approximately $7,545,901,000. iShares Core U.S. Aggregate Bond ETF accounts for 2.8% of Raymond James Financial Inc.’s investment portfolio, making the stock its 2nd largest position. Raymond James Financial Inc. owned about 6.28% of iShares Core U.S. Aggregate Bond ETF at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Promus Capital LLC bought a new stake in shares of iShares Core U.S. Aggregate Bond ETF during the fourth quarter valued at approximately $530,000. First Business Financial Services Inc. boosted its stake in iShares Core U.S. Aggregate Bond ETF by 1.3% in the 4th quarter. First Business Financial Services Inc. now owns 416,621 shares of the company’s stock valued at $40,371,000 after buying an additional 5,346 shares in the last quarter. Vision Financial Markets LLC acquired a new stake in iShares Core U.S. Aggregate Bond ETF in the 4th quarter valued at $484,000. Cullen Frost Bankers Inc. boosted its stake in iShares Core U.S. Aggregate Bond ETF by 5.0% in the 4th quarter. Cullen Frost Bankers Inc. now owns 447,945 shares of the company’s stock valued at $43,406,000 after buying an additional 21,194 shares in the last quarter. Finally, Verdence Capital Advisors LLC boosted its stake in iShares Core U.S. Aggregate Bond ETF by 5.9% in the 4th quarter. Verdence Capital Advisors LLC now owns 194,716 shares of the company’s stock valued at $18,868,000 after buying an additional 10,890 shares in the last quarter. 83.63% of the stock is currently owned by institutional investors.

iShares Core U.S. Aggregate Bond ETF Price Performance

Shares of AGG stock opened at $98.57 on Thursday. The stock’s fifty day simple moving average is $97.36 and its 200 day simple moving average is $98.69. The firm has a market cap of $124.20 billion, a price-to-earnings ratio of 125.24 and a beta of 0.20. iShares Core U.S. Aggregate Bond ETF has a one year low of $94.85 and a one year high of $102.04.

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.