Welch & Forbes LLC Increases Position in iShares Core U.S. Aggregate Bond ETF $AGG

Welch & Forbes LLC raised its stake in iShares Core U.S. Aggregate Bond ETF (NYSEARCA:AGG) by 40.3% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 28,450 shares of the company’s stock after buying an additional 8,170 shares during the period. Welch & Forbes LLC’s holdings in iShares Core U.S. Aggregate Bond ETF were worth $2,824,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Ferguson Wellman Capital Management Inc. acquired a new position in iShares Core U.S. Aggregate Bond ETF during the first quarter worth about $168,796,000. Midwest Trust Co lifted its stake in shares of iShares Core U.S. Aggregate Bond ETF by 29.8% during the 1st quarter. Midwest Trust Co now owns 41,675 shares of the company’s stock worth $4,137,000 after purchasing an additional 9,580 shares during the period. Fifth Third Bancorp boosted its stake in iShares Core U.S. Aggregate Bond ETF by 144.7% in the 1st quarter. Fifth Third Bancorp now owns 3,183,564 shares of the company’s stock worth $316,032,000 after buying an additional 1,882,701 shares during the last quarter. Sovran Advisors LLC boosted its position in shares of iShares Core U.S. Aggregate Bond ETF by 4.7% in the first quarter. Sovran Advisors LLC now owns 78,439 shares of the company’s stock worth $7,773,000 after acquiring an additional 3,543 shares during the last quarter. Finally, Rossmore Private Capital boosted its holdings in shares of iShares Core U.S. Aggregate Bond ETF by 14.8% in the 1st quarter. Rossmore Private Capital now owns 2,332 shares of the company’s stock valued at $231,000 after purchasing an additional 300 shares during the last quarter. Institutional investors and hedge funds own 83.63% of the company’s stock.

iShares Core U.S. Aggregate Bond ETF Stock Performance

AGG stock opened at $98.08 on Monday. iShares Core U.S. Aggregate Bond ETF has a 12-month low of $97.51 and a 12-month high of $101.46. The company has a market cap of $138.28 billion, a PE ratio of 124.57 and a beta of 0.25. The stock has a 50-day moving average price of $98.65 and a two-hundred day moving average price of $99.47.

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.