1607 Capital Partners LLC Makes New Investment in iShares Core U.S. Aggregate Bond ETF (NYSEARCA:AGG)

1607 Capital Partners LLC bought a new position in shares of iShares Core U.S. Aggregate Bond ETF (NYSEARCA:AGG) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund bought 483,125 shares of the company’s stock, valued at approximately $46,815,000. iShares Core U.S. Aggregate Bond ETF makes up about 3.8% of 1607 Capital Partners LLC’s investment portfolio, making the stock its 5th largest position.

Other institutional investors and hedge funds have also made changes to their positions in the company. Raymond James Financial Inc. acquired a new stake in iShares Core U.S. Aggregate Bond ETF in the 4th quarter valued at about $7,545,901,000. Sagespring Wealth Partners LLC purchased a new stake in shares of iShares Core U.S. Aggregate Bond ETF in the fourth quarter valued at about $2,473,132,000. Jones Financial Companies Lllp grew its position in shares of iShares Core U.S. Aggregate Bond ETF by 6.1% in the fourth quarter. Jones Financial Companies Lllp now owns 128,947,585 shares of the company’s stock valued at $12,495,021,000 after purchasing an additional 7,463,618 shares during the last quarter. Arizona PSPRS Trust increased its stake in shares of iShares Core U.S. Aggregate Bond ETF by 64.2% during the 4th quarter. Arizona PSPRS Trust now owns 13,346,704 shares of the company’s stock worth $1,293,296,000 after purchasing an additional 5,220,182 shares in the last quarter. Finally, Constellation Investments Inc. acquired a new position in shares of iShares Core U.S. Aggregate Bond ETF during the 4th quarter worth approximately $431,100,000. 83.63% of the stock is owned by institutional investors and hedge funds.

iShares Core U.S. Aggregate Bond ETF Stock Performance

Shares of NYSEARCA:AGG opened at $97.81 on Wednesday. The business’s fifty day moving average price is $98.23 and its two-hundred day moving average price is $98.12. The stock has a market cap of $124.22 billion, a PE ratio of 126.17 and a beta of 0.24. iShares Core U.S. Aggregate Bond ETF has a one year low of $94.85 and a one year high of $102.04.

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.