Synergy Asset Management LLC significantly increased its holdings in the iShares Core U.S. Aggregate Bond ETF (NYSEARCA: AGG) by 244.8% during the third quarter of 2023. According to the firm’s most recent filing with the Securities and Exchange Commission (SEC), the institutional investor now owns 177,751 shares after acquiring an additional 126,192 shares during the period. The value of Synergy’s stake is now approximately $17.7 million.
Several other institutional investors have also adjusted their positions in the iShares Core U.S. Aggregate Bond ETF. For instance, Angeles Investment Advisors LLC acquired a new stake valued at $26,000 during the second quarter, while North Ridge Wealth Advisors Inc. purchased shares worth $29,000 in the same period. In addition, Transce3nd LLC increased its holdings by 84.7%, bringing its total to 484 shares valued at $48,000 after acquiring an additional 222 shares.
Another notable change came from GAMMA Investing LLC, which boosted its stake by an impressive 509.3% in the third quarter. GAMMA now holds 524 shares valued at $53,000 after acquiring 438 additional shares. Finally, IMA Advisory Services Inc. also entered the market with a new stake valued at $60,000.
As of now, institutional investors and hedge funds collectively own approximately 83.63% of the stock.
Current Market Performance
On the trading front, the iShares Core U.S. Aggregate Bond ETF opened at $99.85 on Friday. The stock has a 50-day moving average price of $100.23 and a 200-day moving average price of $99.70. Over the past year, the ETF has experienced a low of $95.74 and a high of $101.35. The market capitalization of the fund currently stands at approximately $135.32 billion, with a price-to-earnings (PE) ratio of 124.57 and a beta of 0.25.
The iShares series of exchange-traded funds (ETFs) are designed to be traded like common stocks on national and selected foreign exchanges. They offer investors advantages such as low costs, tax efficiency, and trading flexibility. Investors can buy and sell shares through various brokerage platforms and maintain these funds in any type of brokerage account.
For those interested in further insights, up-to-date information about hedge fund holdings and insider trades for the iShares Core U.S. Aggregate Bond ETF can be found through dedicated financial platforms.
