Montecito Bank & Trust Has $14.71 Million Stake in iShares Core U.S. Aggregate Bond ETF $AGG

Montecito Bank & Trust lifted its stake in shares of iShares Core U.S. Aggregate Bond ETF (NYSEARCA:AGG) by 4.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 148,157 shares of the company’s stock after purchasing an additional 6,331 shares during the quarter. iShares Core U.S. Aggregate Bond ETF comprises 2.4% of Montecito Bank & Trust’s portfolio, making the stock its 6th largest position. Montecito Bank & Trust’s holdings in iShares Core U.S. Aggregate Bond ETF were worth $14,708,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in AGG. Sheets Smith Wealth Management lifted its position in iShares Core U.S. Aggregate Bond ETF by 7.2% in the 1st quarter. Sheets Smith Wealth Management now owns 12,570 shares of the company’s stock valued at $1,248,000 after purchasing an additional 844 shares during the last quarter. Triad Wealth Partners LLC raised its stake in iShares Core U.S. Aggregate Bond ETF by 14.2% during the 1st quarter. Triad Wealth Partners LLC now owns 30,146 shares of the company’s stock valued at $2,993,000 after acquiring an additional 3,751 shares in the last quarter. Founders Financial Securities LLC boosted its position in iShares Core U.S. Aggregate Bond ETF by 4.7% during the 1st quarter. Founders Financial Securities LLC now owns 289,486 shares of the company’s stock worth $28,801,000 after acquiring an additional 12,909 shares during the period. Uhlmann Price Securities LLC acquired a new position in iShares Core U.S. Aggregate Bond ETF during the 1st quarter worth $2,462,000. Finally, Diversified Trust Co grew its stake in shares of iShares Core U.S. Aggregate Bond ETF by 2.4% in the first quarter. Diversified Trust Co now owns 240,736 shares of the company’s stock worth $23,898,000 after purchasing an additional 5,537 shares in 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

NYSEARCA:AGG opened at $98.90 on Friday. The stock has a market cap of $135.13 billion, a price-to-earnings ratio of 124.57 and a beta of 0.25. iShares Core U.S. Aggregate Bond ETF has a 1 year low of $97.51 and a 1 year high of $101.46. The business has a fifty day moving average of $98.90 and a 200-day moving average of $99.61.

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.