Sheets Smith Investment Management Purchases New Holdings in iShares Core U.S. Aggregate Bond ETF (NYSEARCA:AGG)

Sheets Smith Investment Management purchased a new stake in iShares Core U.S. Aggregate Bond ETF (NYSEARCA:AGG) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 24,469 shares of the company’s stock, valued at approximately $2,371,000. iShares Core U.S. Aggregate Bond ETF makes up about 2.0% of Sheets Smith Investment Management’s portfolio, making the stock its 13th biggest position.

Other hedge funds have also made changes to their positions in the company. Congress Wealth Management LLC DE increased its stake in iShares Core U.S. Aggregate Bond ETF by 1.0% in the 4th quarter. Congress Wealth Management LLC DE now owns 106,918 shares of the company’s stock valued at $10,360,000 after buying an additional 1,052 shares during the period. Clune & Associates LTD. acquired a new position in iShares Core U.S. Aggregate Bond ETF in the 4th quarter valued at approximately $1,540,000. Napatree Capital LLC increased its stake in iShares Core U.S. Aggregate Bond ETF by 9.3% in the 4th quarter. Napatree Capital LLC now owns 23,980 shares of the company’s stock valued at $2,324,000 after buying an additional 2,044 shares during the period. Meridian Wealth Partners LLC increased its stake in iShares Core U.S. Aggregate Bond ETF by 4.4% in the 4th quarter. Meridian Wealth Partners LLC now owns 767,095 shares of the company’s stock valued at $74,331,000 after buying an additional 32,128 shares during the period. Finally, LPL Financial LLC increased its stake in iShares Core U.S. Aggregate Bond ETF by 16.7% in the 4th quarter. LPL Financial LLC now owns 9,271,415 shares of the company’s stock valued at $898,400,000 after buying an additional 1,328,631 shares during the period. Hedge funds and other institutional investors own 83.63% of the company’s stock.

iShares Core U.S. Aggregate Bond ETF Stock Performance

iShares Core U.S. Aggregate Bond ETF stock opened at $98.74 on Monday. The firm has a market cap of $125.40 billion, a PE ratio of 125.34 and a beta of 0.22. The firm’s 50 day moving average price is $97.80 and its two-hundred day moving average price is $98.51. iShares Core U.S. Aggregate Bond ETF has a twelve month low of $94.85 and a twelve month 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.