Envestnet Portfolio Solutions Inc. Purchases 2,093,359 Shares of iShares Core U.S. Aggregate Bond ETF $AGG

Envestnet Portfolio Solutions Inc. raised its position in iShares Core U.S. Aggregate Bond ETF (NYSEARCA:AGG) by 12.4% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 18,959,615 shares of the company’s stock after acquiring an additional 2,093,359 shares during the period. iShares Core U.S. Aggregate Bond ETF accounts for about 6.9% of Envestnet Portfolio Solutions Inc.’s portfolio, making the stock its largest position. Envestnet Portfolio Solutions Inc.’s holdings in iShares Core U.S. Aggregate Bond ETF were worth $1,880,794,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Jones Financial Companies Lllp boosted its holdings in iShares Core U.S. Aggregate Bond ETF by 7.5% in the 1st quarter. Jones Financial Companies Lllp now owns 138,625,924 shares of the company’s stock valued at $13,686,743,000 after purchasing an additional 9,678,339 shares during the last quarter. Raymond James Financial Inc. boosted its holdings in iShares Core U.S. Aggregate Bond ETF by 4.4% in the 1st quarter. Raymond James Financial Inc. now owns 81,294,683 shares of the company’s stock valued at $8,041,669,000 after purchasing an additional 3,421,606 shares during the last quarter. US Bancorp DE boosted its holdings in iShares Core U.S. Aggregate Bond ETF by 29.1% in the 2nd quarter. US Bancorp DE now owns 43,988,044 shares of the company’s stock valued at $4,363,640,000 after purchasing an additional 9,922,958 shares during the last quarter. Betterment LLC boosted its holdings in iShares Core U.S. Aggregate Bond ETF by 10.0% in the 1st quarter. Betterment LLC now owns 21,876,462 shares of the company’s stock valued at $2,164,020,000 after purchasing an additional 1,983,074 shares during the last quarter. Finally, Goldman Sachs Group Inc. boosted its holdings in iShares Core U.S. Aggregate Bond ETF by 13.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 21,095,135 shares of the company’s stock valued at $2,086,731,000 after purchasing an additional 2,567,446 shares during the last quarter. 83.63% of the stock is currently owned by institutional investors and hedge funds.

iShares Core U.S. Aggregate Bond ETF Stock Performance

Shares of AGG stock opened at $100.43 on Monday. The firm’s 50 day moving average price is $99.76 and its 200-day moving average price is $98.68. iShares Core U.S. Aggregate Bond ETF has a one year low of $95.74 and a one year high of $101.02. The firm has a market cap of $132.75 billion, a P/E ratio of 124.57 and a beta of 0.12.

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.