Arrowroot Family Office LLC Buys Shares of 123,028 iShares Core U.S. Aggregate Bond ETF $AGG

Arrowroot Family Office LLC bought a new stake in iShares Core U.S. Aggregate Bond ETF (NYSEARCA:AGG) during the second quarter, HoldingsChannel reports. The institutional investor bought 123,028 shares of the company’s stock, valued at approximately $12,204,000. iShares Core U.S. Aggregate Bond ETF comprises about 5.5% of Arrowroot Family Office LLC’s holdings, making the stock its 2nd largest position.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Jones Financial Companies Lllp boosted its stake in iShares Core U.S. Aggregate Bond ETF by 7.5% in the first quarter. Jones Financial Companies Lllp now owns 138,625,924 shares of the company’s stock valued at $13,686,743,000 after acquiring an additional 9,678,339 shares during the last quarter. Raymond James Financial Inc. lifted its position in shares of iShares Core U.S. Aggregate Bond ETF by 4.4% during the 1st quarter. Raymond James Financial Inc. now owns 81,294,683 shares of the company’s stock valued at $8,041,669,000 after buying an additional 3,421,606 shares during the last quarter. Envestnet Asset Management Inc. lifted its position in shares of iShares Core U.S. Aggregate Bond ETF by 11.8% during the 2nd quarter. Envestnet Asset Management Inc. now owns 54,218,326 shares of the company’s stock valued at $5,378,443,000 after buying an additional 5,728,914 shares during the last quarter. US Bancorp DE lifted its position in shares of iShares Core U.S. Aggregate Bond ETF by 29.1% during the 2nd quarter. US Bancorp DE now owns 43,988,044 shares of the company’s stock valued at $4,363,640,000 after buying an additional 9,922,958 shares during the last quarter. Finally, Betterment LLC lifted its stake in shares of iShares Core U.S. Aggregate Bond ETF by 10.0% during the 1st quarter. Betterment LLC now owns 21,876,462 shares of the company’s stock valued at $2,164,020,000 after buying an additional 1,983,074 shares in the last quarter. 83.63% of the stock is currently owned by hedge funds and other institutional investors.

iShares Core U.S. Aggregate Bond ETF Price Performance

NYSEARCA AGG opened at $100.14 on Wednesday. iShares Core U.S. Aggregate Bond ETF has a 1 year low of $95.74 and a 1 year high of $101.35. The stock has a market capitalization of $134.76 billion, a PE ratio of 124.57 and a beta of 0.25. The company’s 50 day simple moving average is $100.36 and its two-hundred day simple moving average is $99.00.

iShares Core U.S. Aggregate Bond ETF 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.