Envestnet Asset Management Inc. Has $5 Billion Stock Position in iShares Core U.S. Aggregate Bond ETF (NYSEARCA:AGG)

Envestnet Asset Management Inc. boosted its stake in shares of iShares Core U.S. Aggregate Bond ETF (NYSEARCA:AGG) by 5.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 51,597,816 shares of the company’s stock after purchasing an additional 2,718,705 shares during the quarter. iShares Core U.S. Aggregate Bond ETF comprises 1.6% of Envestnet Asset Management Inc.’s holdings, making the stock its 5th largest holding. Envestnet Asset Management Inc.’s holdings in iShares Core U.S. Aggregate Bond ETF were worth $4,999,828,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Braun Bostich & Associates Inc. boosted its holdings in shares of iShares Core U.S. Aggregate Bond ETF by 4.5% in the 4th quarter. Braun Bostich & Associates Inc. now owns 2,533 shares of the company’s stock valued at $245,000 after buying an additional 109 shares in the last quarter. Wealth Advisors of Tampa Bay LLC lifted its position in iShares Core U.S. Aggregate Bond ETF by 4.9% during the fourth quarter. Wealth Advisors of Tampa Bay LLC now owns 2,397 shares of the company’s stock valued at $232,000 after acquiring an additional 112 shares during the last quarter. Vestia Personal Wealth Advisors boosted its stake in iShares Core U.S. Aggregate Bond ETF by 5.1% in the fourth quarter. Vestia Personal Wealth Advisors now owns 2,493 shares of the company’s stock valued at $242,000 after acquiring an additional 121 shares in the last quarter. Mount Yale Investment Advisors LLC grew its holdings in iShares Core U.S. Aggregate Bond ETF by 1.5% in the fourth quarter. Mount Yale Investment Advisors LLC now owns 8,246 shares of the company’s stock worth $799,000 after purchasing an additional 122 shares during the last quarter. Finally, Cadent Capital Advisors LLC increased its position in shares of iShares Core U.S. Aggregate Bond ETF by 6.0% during the fourth quarter. Cadent Capital Advisors LLC now owns 2,172 shares of the company’s stock worth $210,000 after purchasing an additional 123 shares in the last quarter. Hedge funds and other institutional investors own 83.63% of the company’s stock.

iShares Core U.S. Aggregate Bond ETF Trading Up 0.1 %

Shares of AGG opened at $99.46 on Friday. iShares Core U.S. Aggregate Bond ETF has a 12 month low of $94.85 and a 12 month high of $102.04. The stock has a fifty day moving average price of $98.21 and a 200-day moving average price of $98.36. The firm has a market cap of $126.31 billion, a PE ratio of 126.17 and a beta of 0.24.

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.