Wells Fargo & Company MN Buys 3,007,758 Shares of iShares Core U.S. Aggregate Bond ETF (NYSEARCA:AGG)

Wells Fargo & Company MN increased its stake in iShares Core U.S. Aggregate Bond ETF (NYSEARCA:AGG) by 5.9% in the fourth quarter, Holdings Channel.com reports. The firm owned 53,836,254 shares of the company’s stock after purchasing an additional 3,007,758 shares during the quarter. iShares Core U.S. Aggregate Bond ETF makes up approximately 1.2% of Wells Fargo & Company MN’s investment portfolio, making the stock its 11th largest position. Wells Fargo & Company MN’s holdings in iShares Core U.S. Aggregate Bond ETF were worth $5,216,733,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the company. Bradley & Co. Private Wealth Management LLC bought a new stake in shares of iShares Core U.S. Aggregate Bond ETF in the fourth quarter worth $25,000. Kozak & Associates Inc. acquired a new stake in iShares Core U.S. Aggregate Bond ETF in the fourth quarter valued at $26,000. Newbridge Financial Services Group Inc. bought a new position in shares of iShares Core U.S. Aggregate Bond ETF in the 4th quarter valued at about $33,000. Bank of Jackson Hole Trust bought a new stake in shares of iShares Core U.S. Aggregate Bond ETF in the 4th quarter valued at about $35,000. Finally, Stonebridge Financial Group LLC acquired a new stake in iShares Core U.S. Aggregate Bond ETF in the 4th quarter valued at about $43,000. Institutional investors own 83.63% of the company’s stock.

iShares Core U.S. Aggregate Bond ETF Stock Performance

iShares Core U.S. Aggregate Bond ETF stock opened at $99.37 on Friday. iShares Core U.S. Aggregate Bond ETF has a 52 week low of $94.85 and a 52 week high of $102.04. The stock has a market capitalization of $126.20 billion, a P/E ratio of 126.17 and a beta of 0.24. The stock has a 50-day simple moving average of $98.16 and a 200 day simple moving average of $98.38.

iShares Core U.S. Aggregate Bond ETF Company Profile

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.