Merit Financial Group LLC Increases Stock Holdings in iShares Core U.S. Aggregate Bond ETF $AGG

Merit Financial Group LLC boosted its stake in iShares Core U.S. Aggregate Bond ETF (NYSEARCA:AGG) by 76.3% during the fourth quarter, Holdings Channel.com reports. The fund owned 176,777 shares of the company’s stock after purchasing an additional 76,494 shares during the quarter. Merit Financial Group LLC’s holdings in iShares Core U.S. Aggregate Bond ETF were worth $17,657,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Raymond James Financial Inc. lifted its holdings in iShares Core U.S. Aggregate Bond ETF by 2.5% during the third quarter. Raymond James Financial Inc. now owns 79,246,704 shares of the company’s stock valued at $7,944,482,000 after purchasing an additional 1,911,414 shares in the last quarter. Bank of America Corp DE increased its stake in shares of iShares Core U.S. Aggregate Bond ETF by 5.5% during the third quarter. Bank of America Corp DE now owns 46,326,160 shares of the company’s stock worth $4,644,198,000 after purchasing an additional 2,423,410 shares in the last quarter. Mercer Global Advisors Inc. ADV raised its position in shares of iShares Core U.S. Aggregate Bond ETF by 17.5% during the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 33,227,135 shares of the company’s stock worth $3,331,020,000 after purchasing an additional 4,942,715 shares during the last quarter. Betterment LLC raised its position in shares of iShares Core U.S. Aggregate Bond ETF by 6.5% during the 3rd quarter. Betterment LLC now owns 24,568,480 shares of the company’s stock worth $2,462,990,000 after purchasing an additional 1,500,630 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC lifted its stake in iShares Core U.S. Aggregate Bond ETF by 8.3% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 19,621,070 shares of the company’s stock valued at $1,962,495,000 after buying an additional 1,507,215 shares in the last quarter. Hedge funds and other institutional investors own 83.63% of the company’s stock.

iShares Core U.S. Aggregate Bond ETF Price Performance

Shares of iShares Core U.S. Aggregate Bond ETF stock opened at $99.48 on Friday. The business has a 50 day simple moving average of $99.91 and a two-hundred day simple moving average of $100.14. iShares Core U.S. Aggregate Bond ETF has a 12 month low of $96.66 and a 12 month high of $101.46. The stock has a market capitalization of $135.84 billion, a P/E ratio of 124.57 and a beta of 0.27.

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.