Summit Financial LLC Acquires 3,468 Shares of iShares Core U.S. Aggregate Bond ETF (NYSEARCA:AGG)

Summit Financial LLC lifted its holdings in shares of iShares Core U.S. Aggregate Bond ETF (NYSEARCA:AGG) by 1.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 184,756 shares of the company’s stock after acquiring an additional 3,468 shares during the quarter. iShares Core U.S. Aggregate Bond ETF makes up 0.6% of Summit Financial LLC’s portfolio, making the stock its 24th biggest position. Summit Financial LLC’s holdings in iShares Core U.S. Aggregate Bond ETF were worth $17,903,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Bradley & Co. Private Wealth Management LLC purchased a new stake in shares of iShares Core U.S. Aggregate Bond ETF in the 4th quarter worth about $25,000. Kozak & Associates Inc. bought a new position in iShares Core U.S. Aggregate Bond ETF in the fourth quarter worth about $26,000. Newbridge Financial Services Group Inc. purchased a new stake in iShares Core U.S. Aggregate Bond ETF in the fourth quarter worth about $33,000. Bank of Jackson Hole Trust bought a new stake in iShares Core U.S. Aggregate Bond ETF during the 4th quarter valued at approximately $35,000. Finally, Stonebridge Financial Group LLC purchased a new position in shares of iShares Core U.S. Aggregate Bond ETF during the 4th quarter worth approximately $43,000. Hedge funds and other institutional investors own 83.63% of the company’s stock.

iShares Core U.S. Aggregate Bond ETF Stock Up 0.6 %

AGG opened at $98.73 on Monday. The stock has a market cap of $125.39 billion, a PE ratio of 125.34 and a beta of 0.22. The business has a 50 day moving average of $98.00 and a 200-day moving average of $98.41. iShares Core U.S. Aggregate Bond ETF has a 52 week low of $94.85 and a 52 week high of $102.04.

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.