Raymond James Financial Services Advisors Inc. Boosts Stake in iShares Core U.S. Aggregate Bond ETF (NYSEARCA:AGG)

Raymond James Financial Services Advisors Inc. increased its position in shares of iShares Core U.S. Aggregate Bond ETF (NYSEARCA:AGG) by 4.8% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 5,330,712 shares of the company’s stock after buying an additional 244,651 shares during the quarter. iShares Core U.S. Aggregate Bond ETF comprises 0.8% of Raymond James Financial Services Advisors Inc.’s investment portfolio, making the stock its 16th biggest holding. Raymond James Financial Services Advisors Inc. owned about 0.49% of iShares Core U.S. Aggregate Bond ETF worth $522,090,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in AGG. Stonegate Investment Group LLC boosted its stake in shares of iShares Core U.S. Aggregate Bond ETF by 6.4% during the first quarter. Stonegate Investment Group LLC now owns 50,000 shares of the company’s stock worth $4,897,000 after buying an additional 3,000 shares during the period. Bristlecone Advisors LLC lifted its position in iShares Core U.S. Aggregate Bond ETF by 15.3% during the 1st quarter. Bristlecone Advisors LLC now owns 361,924 shares of the company’s stock worth $35,447,000 after acquiring an additional 48,004 shares during the period. Strategic Financial Concepts LLC grew its stake in shares of iShares Core U.S. Aggregate Bond ETF by 34.2% in the 1st quarter. Strategic Financial Concepts LLC now owns 79,996 shares of the company’s stock valued at $7,835,000 after purchasing an additional 20,408 shares during the last quarter. Confluence Wealth Services Inc. acquired a new position in shares of iShares Core U.S. Aggregate Bond ETF in the first quarter valued at approximately $241,000. Finally, Cahaba Wealth Management Inc. raised its stake in shares of iShares Core U.S. Aggregate Bond ETF by 3.5% during the first quarter. Cahaba Wealth Management Inc. now owns 1,366,297 shares of the company’s stock worth $133,815,000 after purchasing an additional 46,420 shares during the last quarter. Institutional investors and hedge funds own 83.63% of the company’s stock.

iShares Core U.S. Aggregate Bond ETF Price Performance

Shares of NYSEARCA AGG traded down $0.39 during mid-day trading on Tuesday, hitting $95.23. 11,199,768 shares of the company were exchanged, compared to its average volume of 9,264,740. The stock has a 50 day simple moving average of $96.83 and a 200-day simple moving average of $96.70. iShares Core U.S. Aggregate Bond ETF has a 1-year low of $91.58 and a 1-year high of $100.42.

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.