First Citizens Bank & Trust Co. Has $186.15 Million Stake in iShares Core U.S. Aggregate Bond ETF $AGG

First Citizens Bank & Trust Co. increased its stake in iShares Core U.S. Aggregate Bond ETF (NYSEARCA:AGG) by 170.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,875,166 shares of the company’s stock after purchasing an additional 1,183,073 shares during the period. iShares Core U.S. Aggregate Bond ETF accounts for 3.2% of First Citizens Bank & Trust Co.’s portfolio, making the stock its 5th largest position. First Citizens Bank & Trust Co. owned approximately 0.14% of iShares Core U.S. Aggregate Bond ETF worth $186,148,000 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. Acumen Wealth Advisors LLC grew its holdings in iShares Core U.S. Aggregate Bond ETF by 1.6% in the 1st quarter. Acumen Wealth Advisors LLC now owns 347,987 shares of the company’s stock worth $34,545,000 after buying an additional 5,328 shares in the last quarter. First Trust Advisors LP raised its stake in iShares Core U.S. Aggregate Bond ETF by 5.2% during the 1st quarter. First Trust Advisors LP now owns 33,739 shares of the company’s stock valued at $3,349,000 after acquiring an additional 1,661 shares in the last quarter. a16z Perennial Management L.P. bought a new stake in iShares Core U.S. Aggregate Bond ETF during the 1st quarter valued at $31,889,000. PNC Financial Services Group Inc. boosted its position in iShares Core U.S. Aggregate Bond ETF by 4.6% during the 1st quarter. PNC Financial Services Group Inc. now owns 10,336,251 shares of the company’s stock worth $1,026,080,000 after acquiring an additional 451,566 shares during the period. Finally, HORAN Wealth LLC acquired a new position in iShares Core U.S. Aggregate Bond ETF during the 1st quarter worth $1,156,000. 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 $97.74 on Wednesday. The stock has a market cap of $137.98 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 $98.51 and a 200-day moving average of $99.37.

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.