Montecito Bank & Trust Makes New Investment in iShares Core U.S. Aggregate Bond ETF $AGG

Montecito Bank & Trust acquired a new stake in shares of iShares Core U.S. Aggregate Bond ETF (NYSEARCA:AGG) during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 152,156 shares of the company’s stock, valued at approximately $14,385,000. iShares Core U.S. Aggregate Bond ETF makes up approximately 2.2% of Montecito Bank & Trust’s holdings, making the stock its 6th biggest position.

A number of other hedge funds also recently made changes to their positions in the stock. Coastline Trust Co bought a new stake in iShares Core U.S. Aggregate Bond ETF during the third quarter worth about $8,663,000. SkyView Investment Advisors LLC bought a new position in shares of iShares Core U.S. Aggregate Bond ETF during the 2nd quarter valued at about $99,000. Talon Private Wealth LLC raised its holdings in shares of iShares Core U.S. Aggregate Bond ETF by 7.5% during the 2nd quarter. Talon Private Wealth LLC now owns 6,574 shares of the company’s stock valued at $651,000 after buying an additional 456 shares in the last quarter. U S Wealth Group LLC. raised its holdings in shares of iShares Core U.S. Aggregate Bond ETF by 28.5% during the 2nd quarter. U S Wealth Group LLC. now owns 125,476 shares of the company’s stock valued at $12,420,000 after buying an additional 27,848 shares in the last quarter. Finally, Capstone Financial Advisors Inc. lifted its position in iShares Core U.S. Aggregate Bond ETF by 1.6% in the 2nd quarter. Capstone Financial Advisors Inc. now owns 87,126 shares of the company’s stock worth $8,624,000 after buying an additional 1,333 shares during the last quarter. 83.63% of the stock is owned by institutional investors.

iShares Core U.S. Aggregate Bond ETF Stock Performance

AGG traded down $0.12 during midday trading on Thursday, hitting $94.42. The stock had a trading volume of 17,710,838 shares, compared to its average volume of 9,397,774. The company has a market cap of $135.50 billion, a P/E ratio of 124.57 and a beta of 0.25. The business has a fifty day moving average of $96.80 and a 200 day moving average of $98.10. iShares Core U.S. Aggregate Bond ETF has a 1 year low of $93.83 and a 1 year high of $101.46.

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.