Welch & Forbes LLC Increases Stock Position in iShares Core U.S. Aggregate Bond ETF $AGG

Welch & Forbes LLC raised its position in iShares Core U.S. Aggregate Bond ETF (NYSEARCA:AGG) by 40.3% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 28,450 shares of the company’s stock after buying an additional 8,170 shares during the period. Welch & Forbes LLC’s holdings in iShares Core U.S. Aggregate Bond ETF were worth $2,824,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in AGG. Bank of America Corp DE increased its position in shares of iShares Core U.S. Aggregate Bond ETF by 16.0% in the 4th quarter. Bank of America Corp DE now owns 53,737,402 shares of the company’s stock worth $5,367,292,000 after purchasing an additional 7,411,242 shares during the last quarter. Raymond James Financial Inc. raised its position in shares of iShares Core U.S. Aggregate Bond ETF by 7.0% during the 4th quarter. Raymond James Financial Inc. now owns 84,760,819 shares of the company’s stock worth $8,465,912,000 after purchasing an additional 5,514,115 shares during the period. Mercer Global Advisors Inc. ADV lifted its stake in iShares Core U.S. Aggregate Bond ETF by 17.5% in the third quarter. Mercer Global Advisors Inc. ADV now owns 33,227,135 shares of the company’s stock valued at $3,331,020,000 after buying an additional 4,942,715 shares during the last quarter. Northern Trust Corp lifted its position in iShares Core U.S. Aggregate Bond ETF by 25.1% in the 4th quarter. Northern Trust Corp now owns 20,705,925 shares of the company’s stock valued at $2,068,108,000 after purchasing an additional 4,148,106 shares during the last quarter. Finally, Constellation Investments Inc. raised its holdings in shares of iShares Core U.S. Aggregate Bond ETF by 70.2% during the fourth quarter. Constellation Investments Inc. now owns 7,062,919 shares of the company’s stock valued at $705,444,000 after buying an additional 2,914,000 shares during the last quarter. Institutional investors and hedge funds own 83.63% of the company’s stock.

iShares Core U.S. Aggregate Bond ETF Stock Performance

Shares of AGG stock opened at $98.08 on Monday. The firm has a market capitalization of $138.28 billion, a PE ratio of 124.57 and a beta of 0.25. The stock has a fifty day moving average of $98.65 and a two-hundred day moving average of $99.47. iShares Core U.S. Aggregate Bond ETF has a 1 year low of $97.51 and a 1 year 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.