iShares Core U.S. Aggregate Bond ETF $AGG Stake Boosted by South Dakota Investment Council

South Dakota Investment Council increased its stake in shares of iShares Core U.S. Aggregate Bond ETF (NYSEARCA:AGG) by 16.0% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,272,335 shares of the company’s stock after buying an additional 451,100 shares during the period. iShares Core U.S. Aggregate Bond ETF comprises about 6.2% of South Dakota Investment Council’s holdings, making the stock its 2nd biggest position. South Dakota Investment Council’s holdings in iShares Core U.S. Aggregate Bond ETF were worth $324,845,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in the stock. Raymond James Financial Inc. grew 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 valued at $8,465,912,000 after acquiring an additional 5,514,115 shares during the period. Bank of America Corp DE raised its holdings 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 period. US Bancorp DE raised its holdings in shares of iShares Core U.S. Aggregate Bond ETF by 1.2% in the 4th quarter. US Bancorp DE now owns 42,844,111 shares of the company’s stock worth $4,279,296,000 after purchasing an additional 489,837 shares during the period. Mercer Global Advisors Inc. ADV lifted its stake in iShares Core U.S. Aggregate Bond ETF by 9.1% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 36,259,568 shares of the company’s stock valued at $3,621,605,000 after purchasing an additional 3,032,433 shares during the last quarter. Finally, Morgan Stanley lifted its stake in iShares Core U.S. Aggregate Bond ETF by 4.0% in the fourth quarter. Morgan Stanley now owns 32,483,415 shares of the company’s stock valued at $3,244,444,000 after purchasing an additional 1,245,217 shares during the last quarter. Institutional investors own 83.63% of the company’s stock.

iShares Core U.S. Aggregate Bond ETF Trading Down 0.4%

Shares of NYSEARCA AGG opened at $97.55 on Thursday. The stock has a fifty day simple moving average of $98.44 and a two-hundred day simple moving average of $99.27. iShares Core U.S. Aggregate Bond ETF has a 1-year low of $97.27 and a 1-year high of $101.46. The firm has a market cap of $137.65 billion, a price-to-earnings ratio of 124.57 and a beta of 0.25.

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.