Kovack Advisors Inc. Increases Stake in iShares Core U.S. Aggregate Bond ETF (NYSEARCA:AGG)

Kovack Advisors Inc. lifted its stake in iShares Core U.S. Aggregate Bond ETF (NYSEARCA:AGG) by 5.1% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 29,282 shares of the company’s stock after buying an additional 1,430 shares during the quarter. Kovack Advisors Inc.’s holdings in iShares Core U.S. Aggregate Bond ETF were worth $2,965,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Raymond James & Associates lifted its stake in iShares Core U.S. Aggregate Bond ETF by 3.5% in the 3rd quarter. Raymond James & Associates now owns 71,065,150 shares of the company’s stock worth $7,196,768,000 after purchasing an additional 2,376,267 shares in the last quarter. Envestnet Asset Management Inc. grew its holdings in iShares Core U.S. Aggregate Bond ETF by 11.8% during the 2nd quarter. Envestnet Asset Management Inc. now owns 44,077,554 shares of the company’s stock valued at $4,278,608,000 after buying an additional 4,641,016 shares in the last quarter. US Bancorp DE increased its stake in iShares Core U.S. Aggregate Bond ETF by 11.1% in the 3rd quarter. US Bancorp DE now owns 37,260,740 shares of the company’s stock worth $3,697,061,000 after acquiring an additional 3,717,053 shares during the last quarter. Mercer Global Advisors Inc. ADV raised its holdings in shares of iShares Core U.S. Aggregate Bond ETF by 9.7% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 19,344,478 shares of the company’s stock worth $1,857,893,000 after acquiring an additional 1,704,132 shares in the last quarter. Finally, Creative Planning increased its position in iShares Core U.S. Aggregate Bond ETF by 2.5% in the second quarter. Creative Planning now owns 12,959,116 shares of the company’s stock worth $1,257,941,000 after purchasing an additional 318,944 shares during the last quarter. Institutional investors own 83.63% of the company’s stock.

iShares Core U.S. Aggregate Bond ETF Price Performance

AGG stock traded up $0.10 during trading on Wednesday, hitting $97.81. 3,072,508 shares of the company’s stock traded hands, compared to its average volume of 8,034,516. The business has a fifty day simple moving average of $99.97 and a 200 day simple moving average of $98.66. iShares Core U.S. Aggregate Bond ETF has a 52 week low of $94.46 and a 52 week high of $102.04.

iShares Core U.S. Aggregate Bond ETF Company 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.