Invariant Investment Management Invests $606,000 in iShares Core U.S. Aggregate Bond ETF $AGG

Invariant Investment Management bought a new position in iShares Core U.S. Aggregate Bond ETF (NYSEARCA:AGG) during the 4th quarter, Holdings Channel reports. The institutional investor bought 6,049 shares of the company’s stock, valued at approximately $606,000.

Several other large investors have also made changes to their positions in AGG. Mercer Global Advisors Inc. ADV raised its position in shares of iShares Core U.S. Aggregate Bond ETF by 17.5% in 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 buying an additional 4,942,715 shares during the period. Constellation Investments Inc. raised its position in shares of iShares Core U.S. Aggregate Bond ETF by 70.2% in the 4th quarter. Constellation Investments Inc. now owns 7,062,919 shares of the company’s stock worth $705,444,000 after buying an additional 2,914,000 shares during the period. Bank of America Corp DE raised its position in shares of iShares Core U.S. Aggregate Bond ETF by 5.5% in the 3rd quarter. Bank of America Corp DE now owns 46,326,160 shares of the company’s stock worth $4,644,198,000 after buying an additional 2,423,410 shares during the period. United Services Automobile Association raised its position in shares of iShares Core U.S. Aggregate Bond ETF by 70.1% in the 2nd quarter. United Services Automobile Association now owns 5,022,980 shares of the company’s stock worth $498,280,000 after buying an additional 2,069,200 shares during the period. Finally, Raymond James Financial Inc. raised its position in shares of iShares Core U.S. Aggregate Bond ETF by 2.5% in the 3rd quarter. Raymond James Financial Inc. now owns 79,246,704 shares of the company’s stock worth $7,944,482,000 after buying an additional 1,911,414 shares during the period. 83.63% of the stock is owned by hedge funds and other institutional investors.

iShares Core U.S. Aggregate Bond ETF Trading Up 0.3%

Shares of AGG opened at $99.78 on Wednesday. The firm has a market capitalization of $136.14 billion, a P/E ratio of 124.57 and a beta of 0.27. The stock’s fifty day simple moving average is $99.92 and its 200 day simple moving average is $100.15. iShares Core U.S. Aggregate Bond ETF has a twelve month low of $96.66 and a twelve month high of $101.46.

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.