Montecito Bank & Trust Increases Position in iShares Core U.S. Aggregate Bond ETF $AGG

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

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in AGG. Raymond James Financial Inc. raised its stake in shares of iShares Core U.S. Aggregate Bond ETF by 7.0% in the 4th quarter. Raymond James Financial Inc. now owns 84,760,819 shares of the company’s stock worth $8,465,912,000 after buying an additional 5,514,115 shares in the last quarter. Bank of America Corp DE boosted its stake in iShares Core U.S. Aggregate Bond ETF by 16.0% during the fourth quarter. Bank of America Corp DE now owns 53,737,402 shares of the company’s stock valued at $5,367,292,000 after buying an additional 7,411,242 shares in the last quarter. US Bancorp DE boosted its stake in iShares Core U.S. Aggregate Bond ETF by 1.2% during the fourth quarter. US Bancorp DE now owns 42,844,111 shares of the company’s stock valued at $4,279,296,000 after buying an additional 489,837 shares in the last quarter. Mercer Global Advisors Inc. ADV boosted its stake in iShares Core U.S. Aggregate Bond ETF by 9.1% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 36,259,568 shares of the company’s stock valued at $3,621,605,000 after buying an additional 3,032,433 shares in the last quarter. Finally, Morgan Stanley grew its holdings in iShares Core U.S. Aggregate Bond ETF by 4.0% during the fourth quarter. Morgan Stanley now owns 32,483,415 shares of the company’s stock worth $3,244,444,000 after acquiring an additional 1,245,217 shares during the period. 83.63% of the stock is owned by institutional investors.

iShares Core U.S. Aggregate Bond ETF Stock Performance

Shares of iShares Core U.S. Aggregate Bond ETF stock opened at $98.90 on Friday. iShares Core U.S. Aggregate Bond ETF has a 52 week low of $97.51 and a 52 week high of $101.46. The stock has a market cap of $135.13 billion, a PE ratio of 124.57 and a beta of 0.25. The company’s 50-day moving average price is $98.90 and its two-hundred day moving average price is $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.