Chesapeake Wealth Management Has $13.08 Million Stake in iShares Core U.S. Aggregate Bond ETF (NYSEARCA:AGG)

Chesapeake Wealth Management grew its stake in iShares Core U.S. Aggregate Bond ETF (NYSEARCA:AGG) by 0.2% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 134,775 shares of the company’s stock after acquiring an additional 222 shares during the quarter. iShares Core U.S. Aggregate Bond ETF accounts for 4.7% of Chesapeake Wealth Management’s portfolio, making the stock its 2nd biggest holding. Chesapeake Wealth Management’s holdings in iShares Core U.S. Aggregate Bond ETF were worth $13,083,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Global Assets Advisory LLC increased its holdings in shares of iShares Core U.S. Aggregate Bond ETF by 12,066.6% in the 1st quarter. Global Assets Advisory LLC now owns 5,861,868 shares of the company’s stock worth $574,111,000 after purchasing an additional 5,813,688 shares in the last quarter. State of Michigan Retirement System bought a new stake in iShares Core U.S. Aggregate Bond ETF in the 2nd quarter worth about $498,454,000. Envestnet Asset Management Inc. raised its position in iShares Core U.S. Aggregate Bond ETF by 11.8% in the 2nd quarter. Envestnet Asset Management Inc. now owns 44,077,554 shares of the company’s stock worth $4,278,608,000 after buying an additional 4,641,016 shares during the last quarter. US Bancorp DE lifted its stake in iShares Core U.S. Aggregate Bond ETF by 9.3% during the 1st quarter. US Bancorp DE now owns 31,699,004 shares of the company’s stock valued at $3,104,615,000 after acquiring an additional 2,691,016 shares during the period. Finally, Raymond James & Associates boosted its holdings in shares of iShares Core U.S. Aggregate Bond ETF by 4.0% during the 2nd quarter. Raymond James & Associates now owns 68,688,883 shares of the company’s stock valued at $6,667,630,000 after acquiring an additional 2,640,524 shares during the last quarter. 83.63% of the stock is currently owned by institutional investors.

iShares Core U.S. Aggregate Bond ETF Price Performance

AGG opened at $101.49 on Friday. The firm has a 50 day moving average price of $100.01 and a 200-day moving average price of $97.96. iShares Core U.S. Aggregate Bond ETF has a twelve month low of $91.58 and a twelve month high of $102.04.

About iShares Core U.S. Aggregate Bond ETF

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.