U.S. Capital Wealth Advisors LLC has significantly increased its investment in the iShares Core U.S. Aggregate Bond ETF, purchasing an additional 22,542 shares during the third quarter of 2023. This acquisition boosts the firm’s total holdings in the ETF to 29,902 shares, a remarkable increase of 306.3%. As of its latest filing with the Securities and Exchange Commission (SEC), the value of U.S. Capital’s stake stands at approximately $2,998,000.
Institutional Investors Show Interest
The growing interest in the iShares Core U.S. Aggregate Bond ETF, which trades under the ticker symbol AGG, is also reflected in the activities of other institutional investors. For instance, Angeles Investment Advisors LLC entered a new position in the ETF during the second quarter, investing around $26,000. Additionally, North Ridge Wealth Advisors Inc. made a new purchase valued at about $29,000 during the same period.
Another notable investment came from Transce3nd LLC, which increased its stake by 84.7%, now holding 484 shares valued at roughly $48,000. Meanwhile, GAMMA Investing LLC expanded its position by an impressive 509.3% in the third quarter, acquiring 524 shares worth around $53,000 after purchasing 438 additional shares.
A total of 83.63% of iShares Core U.S. Aggregate Bond ETF is currently owned by institutional investors, indicating a robust interest in the fund.
Market Overview and Fund Performance
On March 15, 2024, shares of the iShares Core U.S. Aggregate Bond ETF opened at $99.84. The fund boasts a market capitalization of $134.35 billion and has a price-to-earnings (P/E) ratio of 124.57 along with a beta of 0.25. Over the past twelve months, the ETF has seen a low of $95.74 and a high of $101.35. Its 50-day moving average is $100.44, while the 200-day moving average is $99.56.
iShares funds, including the Core U.S. Aggregate Bond ETF, are designed to be traded like common stocks on various national and foreign exchanges. They offer advantages such as low costs, tax efficiency, and trading flexibility, making them an appealing option for investors. Shares can be bought and sold through any brokerage firm, financial advisor, or online broker, accommodating various investment strategies.
As institutional interest continues to rise, the iShares Core U.S. Aggregate Bond ETF remains a focal point for both individual and institutional investors seeking exposure to the U.S. bond market. For those interested in tracking hedge fund activities related to AGG, HoldingsChannel provides insights into the latest 13F filings and insider trades.
