First Merchants Corp Sells 35,862 Shares of iShares Core U.S. Aggregate Bond ETF $AGG

First Merchants Corp trimmed its holdings in iShares Core U.S. Aggregate Bond ETF (NYSEARCA:AGG) by 10.4% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 309,358 shares of the company’s stock after selling 35,862 shares during the quarter. iShares Core U.S. Aggregate Bond ETF accounts for about 1.0% of First Merchants Corp’s holdings, making the stock its 24th biggest holding. First Merchants Corp’s holdings in iShares Core U.S. Aggregate Bond ETF were worth $29,247,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Verus Wealth Management LLC raised its position in iShares Core U.S. Aggregate Bond ETF by 1.3% in the 1st quarter. Verus Wealth Management LLC now owns 8,057 shares of the company’s stock worth $800,000 after purchasing an additional 106 shares during the period. Childress Capital Advisors LLC boosted its position in iShares Core U.S. Aggregate Bond ETF by 1.0% during the first quarter. Childress Capital Advisors LLC now owns 10,646 shares of the company’s stock valued at $1,057,000 after buying an additional 107 shares during the period. Fortitude Advisory Group L.L.C. boosted its position in iShares Core U.S. Aggregate Bond ETF by 1.3% during the second quarter. Fortitude Advisory Group L.L.C. now owns 8,566 shares of the company’s stock valued at $848,000 after buying an additional 107 shares during the period. Waystone Advisors LLC boosted its position in iShares Core U.S. Aggregate Bond ETF by 3.2% during the first quarter. Waystone Advisors LLC now owns 3,719 shares of the company’s stock valued at $369,000 after buying an additional 116 shares during the period. Finally, Evolution Wealth Management Inc. grew its stake in shares of iShares Core U.S. Aggregate Bond ETF by 13.9% during the first quarter. Evolution Wealth Management Inc. now owns 977 shares of the company’s stock valued at $97,000 after buying an additional 119 shares during the last quarter. Hedge funds and other institutional investors own 83.63% of the company’s stock.

iShares Core U.S. Aggregate Bond ETF Trading Up 0.6%

Shares of NYSEARCA:AGG opened at $95.41 on Friday. The stock’s 50-day moving average price is $96.20 and its 200-day moving average price is $97.78. iShares Core U.S. Aggregate Bond ETF has a 12-month low of $93.83 and a 12-month high of $101.46. The stock has a market capitalization of $138.33 billion, a P/E ratio of 124.57 and a beta of 0.26.

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.