Chesapeake Wealth Management Raises Holdings in iShares Core U.S. Aggregate Bond ETF (NYSEARCA:AGG)

Chesapeake Wealth Management boosted its position in iShares Core U.S. Aggregate Bond ETF (NYSEARCA:AGG) by 8.0% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 145,577 shares of the company’s stock after purchasing an additional 10,802 shares during the quarter. iShares Core U.S. Aggregate Bond ETF makes up approximately 5.0% of Chesapeake Wealth Management’s investment portfolio, making the stock its largest holding. Chesapeake Wealth Management’s holdings in iShares Core U.S. Aggregate Bond ETF were worth $14,743,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of AGG. State of Michigan Retirement System purchased a new stake in iShares Core U.S. Aggregate Bond ETF during the second quarter valued at approximately $498,454,000. Envestnet Asset Management Inc. lifted its holdings in shares of 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 purchasing an additional 4,641,016 shares during the last quarter. US Bancorp DE lifted its holdings in shares of iShares Core U.S. Aggregate Bond ETF by 11.1% during the 3rd quarter. US Bancorp DE now owns 37,260,740 shares of the company’s stock valued at $3,697,061,000 after purchasing an additional 3,717,053 shares during the last quarter. Raymond James & Associates boosted its position in shares of iShares Core U.S. Aggregate Bond ETF by 4.0% in the 2nd quarter. Raymond James & Associates now owns 68,688,883 shares of the company’s stock worth $6,667,630,000 after purchasing an additional 2,640,524 shares in the last quarter. Finally, International Assets Investment Management LLC increased its position in iShares Core U.S. Aggregate Bond ETF by 12,022.8% during the 3rd quarter. International Assets Investment Management LLC now owns 2,413,532 shares of the company’s stock valued at $244,418,000 after buying an additional 2,393,623 shares in the last quarter. 83.63% of the stock is owned by hedge funds and other institutional investors.

iShares Core U.S. Aggregate Bond ETF Stock Performance

Shares of AGG stock opened at $97.75 on Tuesday. The stock’s 50-day simple moving average is $99.70 and its 200-day simple moving average is $98.73. iShares Core U.S. Aggregate Bond ETF has a fifty-two week low of $94.85 and a fifty-two week high of $102.04.

iShares Core U.S. Aggregate Bond ETF 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.