Envestnet Asset Management Inc. Has $4.26 Billion Stake in iShares Core U.S. Aggregate Bond ETF $AGG

Envestnet Asset Management Inc. lessened its holdings in iShares Core U.S. Aggregate Bond ETF (NYSEARCA:AGG) by 3.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 43,049,494 shares of the company’s stock after selling 1,525,676 shares during the quarter. iShares Core U.S. Aggregate Bond ETF accounts for approximately 0.6% of Envestnet Asset Management Inc.’s holdings, making the stock its 22nd biggest holding. Envestnet Asset Management Inc.’s holdings in iShares Core U.S. Aggregate Bond ETF were worth $4,260,981,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in AGG. Prentice Wealth Management LLC raised its holdings in shares of iShares Core U.S. Aggregate Bond ETF by 7.7% in the 1st quarter. Prentice Wealth Management LLC now owns 651,758 shares of the company’s stock worth $64,700,000 after buying an additional 46,515 shares in the last quarter. Stone Wealth Partners bought a new stake in iShares Core U.S. Aggregate Bond ETF in the fourth quarter valued at $5,065,000. Parallel Advisors LLC raised its stake in iShares Core U.S. Aggregate Bond ETF by 24.1% during the first quarter. Parallel Advisors LLC now owns 324,740 shares of the company’s stock worth $32,237,000 after acquiring an additional 63,067 shares in the last quarter. Global Assets Advisory LLC lifted its holdings in shares of iShares Core U.S. Aggregate Bond ETF by 19.5% during the fourth quarter. Global Assets Advisory LLC now owns 75,110 shares of the company’s stock valued at $7,502,000 after acquiring an additional 12,278 shares during the period. Finally, Storen Legacy Partners LLC bought a new position in shares of iShares Core U.S. Aggregate Bond ETF during the fourth quarter valued at $8,380,000. 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 NYSEARCA:AGG traded down $0.84 on Wednesday, hitting $95.41. The stock had a trading volume of 17,280,449 shares, compared to its average volume of 9,201,010. The firm’s 50 day moving average price is $97.23 and its 200-day moving average price is $98.35. iShares Core U.S. Aggregate Bond ETF has a twelve month low of $95.25 and a twelve month high of $101.46. The company has a market capitalization of $136.56 billion, a price-to-earnings ratio of 124.57 and a beta of 0.25.

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.