Smith Shellnut Wilson LLC ADV Makes New Investment in iShares Core U.S. Aggregate Bond ETF $AGG

Smith Shellnut Wilson LLC ADV purchased a new stake in shares of iShares Core U.S. Aggregate Bond ETF (NYSEARCA:AGG) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 53,144 shares of the company’s stock, valued at approximately $5,024,000. iShares Core U.S. Aggregate Bond ETF makes up 1.9% of Smith Shellnut Wilson LLC ADV’s investment portfolio, making the stock its 16th largest position.

Several other hedge funds have also recently added to or reduced their stakes in AGG. Iowa State Bank purchased a new position in shares of iShares Core U.S. Aggregate Bond ETF during the third quarter worth approximately $1,636,000. Montecito Bank & Trust bought a new stake in shares of iShares Core U.S. Aggregate Bond ETF in the 3rd quarter worth approximately $14,385,000. Prentice Wealth Management LLC boosted its stake 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 valued at $64,700,000 after purchasing an additional 46,515 shares in the last quarter. Parallel Advisors LLC boosted its stake in shares of iShares Core U.S. Aggregate Bond ETF by 24.1% in the 1st quarter. Parallel Advisors LLC now owns 324,740 shares of the company’s stock valued at $32,237,000 after purchasing an additional 63,067 shares in the last quarter. Finally, Ironwood Financial llc purchased a new stake in shares of iShares Core U.S. Aggregate Bond ETF in the 3rd quarter valued at $3,964,000. Institutional investors own 83.63% of the company’s stock.

iShares Core U.S. Aggregate Bond ETF Stock Performance

AGG stock opened at $95.30 on Thursday. iShares Core U.S. Aggregate Bond ETF has a 52 week low of $93.83 and a 52 week high of $101.46. The firm’s fifty day moving average is $96.03 and its 200 day moving average is $97.68. The firm has a market cap of $138.37 billion, a P/E ratio of 124.57 and a beta of 0.26.

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.