Sheets Smith Investment Management Invests $2.37 Million in iShares Core U.S. Aggregate Bond ETF (NYSEARCA:AGG)

Sheets Smith Investment Management purchased a new position in shares of iShares Core U.S. Aggregate Bond ETF (NYSEARCA:AGG) during the 4th quarter, HoldingsChannel reports. The firm purchased 24,469 shares of the company’s stock, valued at approximately $2,371,000. iShares Core U.S. Aggregate Bond ETF accounts for about 2.0% of Sheets Smith Investment Management’s holdings, making the stock its 13th largest holding.

Several other hedge funds also recently modified their holdings of AGG. Bradley & Co. Private Wealth Management LLC acquired a new position in iShares Core U.S. Aggregate Bond ETF in the 4th quarter valued at $25,000. Kozak & Associates Inc. acquired a new position in iShares Core U.S. Aggregate Bond ETF in the 4th quarter valued at $26,000. Newbridge Financial Services Group Inc. acquired a new position in iShares Core U.S. Aggregate Bond ETF in the 4th quarter valued at $33,000. Bank of Jackson Hole Trust acquired a new position in iShares Core U.S. Aggregate Bond ETF in the 4th quarter valued at $35,000. Finally, Stonebridge Financial Group LLC acquired a new position in iShares Core U.S. Aggregate Bond ETF in the 4th quarter valued at $43,000. Institutional investors and hedge funds own 83.63% of the company’s stock.

iShares Core U.S. Aggregate Bond ETF Price Performance

Shares of iShares Core U.S. Aggregate Bond ETF stock opened at $98.74 on Monday. iShares Core U.S. Aggregate Bond ETF has a fifty-two week low of $94.85 and a fifty-two week high of $102.04. The firm has a fifty day moving average price of $97.80 and a two-hundred day moving average price of $98.51. The company has a market cap of $125.40 billion, a PE ratio of 125.34 and a beta of 0.22.

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.