Acorns Advisers LLC Increases Stock Holdings in iShares Core U.S. Aggregate Bond ETF $AGG

Acorns Advisers LLC lifted its holdings in iShares Core U.S. Aggregate Bond ETF (NYSEARCA:AGG) by 6.7% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 12,549,487 shares of the company’s stock after purchasing an additional 784,970 shares during the quarter. iShares Core U.S. Aggregate Bond ETF accounts for approximately 9.9% of Acorns Advisers LLC’s holdings, making the stock its 3rd largest position. Acorns Advisers LLC owned approximately 0.93% of iShares Core U.S. Aggregate Bond ETF worth $1,258,086,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Bank of America Corp DE increased its stake in iShares Core U.S. Aggregate Bond ETF by 4.6% during the 2nd quarter. Bank of America Corp DE now owns 43,902,750 shares of the company’s stock valued at $4,355,153,000 after buying an additional 1,915,497 shares during the period. Betterment LLC raised its stake in shares of iShares Core U.S. Aggregate Bond ETF by 5.4% in the 2nd quarter. Betterment LLC now owns 23,067,850 shares of the company’s stock worth $2,288,331,000 after buying an additional 1,191,388 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in shares of iShares Core U.S. Aggregate Bond ETF by 9.7% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 18,113,855 shares of the company’s stock worth $1,813,740,000 after buying an additional 1,607,890 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of iShares Core U.S. Aggregate Bond ETF by 3.6% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 11,963,480 shares of the company’s stock valued at $1,186,777,000 after buying an additional 417,611 shares during the period. Finally, JPMorgan Chase & Co. lifted its holdings in shares of iShares Core U.S. Aggregate Bond ETF by 5.6% in the third quarter. JPMorgan Chase & Co. now owns 11,618,735 shares of the company’s stock valued at $1,164,778,000 after buying an additional 620,855 shares during the period. 83.63% of the stock is currently owned by institutional investors.

iShares Core U.S. Aggregate Bond ETF Stock Down 0.4%

Shares of AGG stock opened at $99.29 on Friday. The stock has a 50-day simple moving average of $100.31 and a 200 day simple moving average of $100.27. The stock has a market capitalization of $137.22 billion, a P/E ratio of 124.57 and a beta of 0.25. iShares Core U.S. Aggregate Bond ETF has a fifty-two week low of $96.15 and a fifty-two week high of $101.46.

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.