Mechanics Bank Trust Department Makes New $2.44 Million Investment in iShares Core U.S. Aggregate Bond ETF $AGG

Mechanics Bank Trust Department purchased a new position in iShares Core U.S. Aggregate Bond ETF (NYSEARCA:AGG) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 25,837 shares of the company’s stock, valued at approximately $2,443,000.

Several other institutional investors also recently added to or reduced their stakes in AGG. Bank of America Corp DE lifted its holdings in iShares Core U.S. Aggregate Bond ETF by 29.6% during the 1st quarter. Bank of America Corp DE now owns 69,660,482 shares of the company’s stock valued at $6,915,196,000 after buying an additional 15,923,080 shares in the last quarter. Russell Investments Group Ltd. grew its stake in iShares Core U.S. Aggregate Bond ETF by 90,400,033.3% in the 4th quarter. Russell Investments Group Ltd. now owns 2,712,004 shares of the company’s stock worth $270,875,000 after acquiring an additional 2,712,001 shares in the last quarter. Empower Annuity Insurance Co bought a new position in iShares Core U.S. Aggregate Bond ETF in the 2nd quarter worth about $267,968,630,000. Royal Bank of Canada grew its stake in iShares Core U.S. Aggregate Bond ETF by 39.2% in the 1st quarter. Royal Bank of Canada now owns 6,744,642 shares of the company’s stock worth $669,542,000 after acquiring an additional 1,898,484 shares in the last quarter. Finally, Fifth Third Bancorp increased its position in shares of iShares Core U.S. Aggregate Bond ETF by 144.7% during the first quarter. Fifth Third Bancorp now owns 3,183,564 shares of the company’s stock worth $316,032,000 after acquiring an additional 1,882,701 shares during the period. Hedge funds and other institutional investors own 83.63% of the company’s stock.

iShares Core U.S. Aggregate Bond ETF Trading Up 0.1%

Shares of iShares Core U.S. Aggregate Bond ETF stock traded up $0.05 on Tuesday, hitting $94.71. 9,543,064 shares of the company traded hands, compared to its average volume of 9,519,562. The company has a market cap of $136.92 billion, a PE ratio of 124.57 and a beta of 0.26. The stock’s 50 day moving average price is $96.30 and its 200-day moving average price is $97.83. iShares Core U.S. Aggregate Bond ETF has a 52 week low of $93.83 and a 52 week high of $101.46.

About iShares Core U.S. Aggregate Bond ETF

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.