Wells Fargo & Company MN lowered its stake in shares of iShares Core U.S. Aggregate Bond ETF (NYSEARCA:AGG – Free Report) by 4.8% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 60,790,726 shares of the company’s stock after selling 3,055,009 shares during the period. iShares Core U.S. Aggregate Bond ETF makes up approximately 1.1% of Wells Fargo & Company MN’s investment portfolio, making the stock its 13th largest position. Wells Fargo & Company MN owned 4.40% of iShares Core U.S. Aggregate Bond ETF worth $6,071,778,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in AGG. Valley National Advisers Inc. raised its stake in iShares Core U.S. Aggregate Bond ETF by 339.0% during the 4th quarter. Valley National Advisers Inc. now owns 259 shares of the company’s stock worth $25,000 after acquiring an additional 200 shares in the last quarter. Cresta Advisors Ltd. purchased a new position in iShares Core U.S. Aggregate Bond ETF during the fourth quarter worth about $25,000. Blueline Advisors LLC acquired a new position in iShares Core U.S. Aggregate Bond ETF during the fourth quarter worth about $25,000. First Command Advisory Services Inc. grew its position in iShares Core U.S. Aggregate Bond ETF by 321.2% during the fourth quarter. First Command Advisory Services Inc. now owns 278 shares of the company’s stock worth $28,000 after buying an additional 212 shares during the period. Finally, Wiser Advisor Group LLC acquired a new position in iShares Core U.S. Aggregate Bond ETF during the third quarter worth about $29,000. Hedge funds and other institutional investors own 83.63% of the company’s stock.
iShares Core U.S. Aggregate Bond ETF Price Performance
AGG stock opened at $98.76 on Friday. The firm has a market capitalization of $134.94 billion, a PE ratio of 124.57 and a beta of 0.25. The company’s 50 day simple moving average is $98.94 and its 200-day simple moving average is $99.68. iShares Core U.S. Aggregate Bond ETF has a 12 month low of $97.51 and a 12 month high of $101.46.
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.
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