Miller Financial Services LLC Buys New Position in iShares Core U.S. Aggregate Bond ETF (NYSEARCA:AGG)

Miller Financial Services LLC bought a new stake in iShares Core U.S. Aggregate Bond ETF (NYSEARCA:AGG) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 106,222 shares of the company’s stock, valued at approximately $10,293,000. iShares Core U.S. Aggregate Bond ETF accounts for about 8.7% of Miller Financial Services LLC’s investment portfolio, making the stock its biggest position.

A number of other large investors have also recently made changes to their positions in the company. Raymond James Financial Inc. acquired a new stake in iShares Core U.S. Aggregate Bond ETF during the 4th quarter worth approximately $7,545,901,000. Arizona PSPRS Trust acquired a new stake in iShares Core U.S. Aggregate Bond ETF during the 3rd quarter worth approximately $822,973,000. Jones Financial Companies Lllp lifted its position in iShares Core U.S. Aggregate Bond ETF by 6.1% during the 4th quarter. Jones Financial Companies Lllp now owns 128,947,585 shares of the company’s stock worth $12,495,021,000 after acquiring an additional 7,463,618 shares during the period. United Services Automobile Association lifted its position in iShares Core U.S. Aggregate Bond ETF by 105.8% during the 3rd quarter. United Services Automobile Association now owns 9,129,161 shares of the company’s stock worth $924,510,000 after acquiring an additional 4,694,299 shares during the period. Finally, Constellation Investments Inc. purchased a new position in shares of iShares Core U.S. Aggregate Bond ETF during the 4th quarter worth approximately $431,100,000. 83.63% of the stock is owned by institutional investors and hedge funds.

iShares Core U.S. Aggregate Bond ETF Trading Up 0.5 %

Shares of AGG stock opened at $98.82 on Tuesday. The company has a market cap of $124.51 billion, a price-to-earnings ratio of 125.24 and a beta of 0.20. The stock has a 50 day simple moving average of $97.46 and a 200-day simple moving average of $98.64. iShares Core U.S. Aggregate Bond ETF has a 12-month low of $94.85 and a 12-month 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.