iShares Core U.S. Aggregate Bond ETF $AGG Stake Lowered by Simplify Asset Management Inc.

Simplify Asset Management Inc. lowered its stake in shares of iShares Core U.S. Aggregate Bond ETF (NYSEARCA:AGG) by 6.6% during the third quarter, Holdings Channel reports. The institutional investor owned 4,710,059 shares of the company’s stock after selling 331,696 shares during the period. iShares Core U.S. Aggregate Bond ETF comprises about 7.3% of Simplify Asset Management Inc.’s portfolio, making the stock its 3rd biggest position. Simplify Asset Management Inc.’s holdings in iShares Core U.S. Aggregate Bond ETF were worth $445,289,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Empower Annuity Insurance Co purchased a new position in iShares Core U.S. Aggregate Bond ETF in the second quarter valued at about $267,968,630,000. Bank of America Corp DE lifted its position in shares of iShares Core U.S. Aggregate Bond ETF by 29.6% during the 1st quarter. Bank of America Corp DE now owns 69,660,482 shares of the company’s stock valued at $6,915,196,000 after acquiring an additional 15,923,080 shares during the period. WealthNavi Inc. lifted its position in shares of iShares Core U.S. Aggregate Bond ETF by 5.6% during the 3rd quarter. WealthNavi Inc. now owns 12,404,190 shares of the company’s stock valued at $1,172,692,000 after acquiring an additional 653,006 shares during the period. PNC Financial Services Group Inc. lifted its position in shares of 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 acquiring an additional 451,566 shares during the period. Finally, Royal Bank of Canada boosted its stake in shares of iShares Core U.S. Aggregate Bond ETF by 39.2% during the 1st quarter. Royal Bank of Canada now owns 6,744,642 shares of the company’s stock worth $669,542,000 after acquiring an additional 1,898,484 shares in the last quarter. 83.63% of the stock is currently owned by institutional investors and hedge funds.

iShares Core U.S. Aggregate Bond ETF Price Performance

Shares of NYSEARCA:AGG opened at $95.89 on Thursday. The business’s 50 day simple moving average is $95.90 and its 200-day simple moving average is $98.30. The firm has a market capitalization of $139.13 billion, a price-to-earnings ratio of 124.57 and a beta of 0.26. iShares Core U.S. Aggregate Bond ETF has a 12 month low of $93.83 and a 12 month high of $101.46.

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.