McElhenny Sheffield Capital Management LLC Grows Stake in iShares Core U.S. Aggregate Bond ETF (NYSEARCA:AGG)

McElhenny Sheffield Capital Management LLC grew its position in iShares Core U.S. Aggregate Bond ETF (NYSEARCA:AGG) by 77.8% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 9,395 shares of the company’s stock after purchasing an additional 4,111 shares during the quarter. iShares Core U.S. Aggregate Bond ETF makes up 0.3% of McElhenny Sheffield Capital Management LLC’s portfolio, making the stock its 20th biggest position. McElhenny Sheffield Capital Management LLC’s holdings in iShares Core U.S. Aggregate Bond ETF were worth $929,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Jones Financial Companies Lllp boosted its stake in shares of iShares Core U.S. Aggregate Bond ETF by 6.1% during the fourth quarter. Jones Financial Companies Lllp now owns 128,947,585 shares of the company’s stock valued at $12,495,021,000 after purchasing an additional 7,463,618 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in iShares Core U.S. Aggregate Bond ETF during the fourth quarter worth $7,545,901,000. Wells Fargo & Company MN lifted its holdings in iShares Core U.S. Aggregate Bond ETF by 5.9% during the fourth quarter. Wells Fargo & Company MN now owns 53,836,254 shares of the company’s stock worth $5,216,733,000 after buying an additional 3,007,758 shares during the period. Envestnet Asset Management Inc. boosted its position in iShares Core U.S. Aggregate Bond ETF by 5.6% during the 4th quarter. Envestnet Asset Management Inc. now owns 51,597,816 shares of the company’s stock valued at $4,999,828,000 after acquiring an additional 2,718,705 shares in the last quarter. Finally, Bank of America Corp DE increased its holdings in shares of iShares Core U.S. Aggregate Bond ETF by 9.9% in the 4th quarter. Bank of America Corp DE now owns 43,758,246 shares of the company’s stock valued at $4,240,174,000 after acquiring an additional 3,944,353 shares during the period. 83.63% of the stock is currently owned by hedge funds and other institutional investors.

iShares Core U.S. Aggregate Bond ETF Trading Up 0.3%

AGG opened at $97.95 on Thursday. iShares Core U.S. Aggregate Bond ETF has a 12 month low of $95.74 and a 12 month high of $102.04. The stock has a fifty day moving average price of $97.75 and a 200-day moving average price of $97.82. The firm has a market cap of $124.40 billion, a price-to-earnings ratio of 124.57 and a beta of 0.24.

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.