Valmark Advisers Inc. has increased its investment in the iShares Core U.S. Aggregate Bond ETF (NYSEARCA:AGG) by 6.9% during the third quarter of 2023. According to the company’s recent Form 13F filing with the Securities and Exchange Commission, Valmark now holds a total of 229,072 shares after acquiring an additional 14,735 shares in the quarter. The value of Valmark’s holdings in the ETF reached approximately $22,964,000 at the close of the quarter.
Several other institutional investors also adjusted their positions in the iShares Core U.S. Aggregate Bond ETF during the same period. Cultivar Capital Inc. increased its stake by 3.3%, bringing its total to 239,111 shares valued at $23,971,000 after purchasing an additional 7,750 shares. Meanwhile, Ellenbecker Investment Group significantly raised its position by 8.5%, now owning 648,841 shares worth $65,046,000 following the acquisition of 50,564 shares.
Another notable increase came from CX Institutional, which boosted its stake by an impressive 205.4%. CX Institutional now owns 157,491 shares valued at $15,788,000 after adding 105,924 shares during the quarter. Additionally, Fulton Breakefield Broenniman LLC raised its position by 1.9%, now holding 384,827 shares worth $38,579,000 after purchasing 7,345 shares. Lastly, Croban increased its investment in the ETF by 35.0%, bringing its total to 38,034 shares valued at $3,813,000.
The trend indicates a growing interest among institutional investors in the iShares Core U.S. Aggregate Bond ETF, which is primarily designed to track the performance of the U.S. investment-grade bond market. Currently, approximately 83.63% of AGG’s stock is held by hedge funds and other institutional investors.
Current Performance of iShares Core U.S. Aggregate Bond ETF
As of the latest trading session, the iShares Core U.S. Aggregate Bond ETF opened at $100.16. The ETF has experienced fluctuations over the past year, with a low of $95.74 and a high of $101.35. The fund boasts a market capitalization of $136.50 billion, a price-to-earnings ratio of 124.57, and a beta of 0.25, indicating relatively low volatility compared to the broader market.
The 50-day moving average stands at $100.15, while the 200-day moving average is at $99.76. These performance metrics suggest a stable investment vehicle for those looking to gain exposure to the fixed-income market through a diversified portfolio of bonds.
Investors can easily buy and sell shares of iShares Core U.S. Aggregate Bond ETF like traditional stocks through various brokerage platforms, making it a flexible option for those seeking low-cost, tax-efficient investment opportunities.
For those interested in tracking institutional investments, HoldingsChannel.com provides updates on the latest 13F filings and insider trades related to the iShares Core U.S. Aggregate Bond ETF.
