First Citizens Bank & Trust Co. Sells 9,210,693 Shares of iShares Core U.S. Aggregate Bond ETF $AGG

First Citizens Bank & Trust Co. reduced its holdings in iShares Core U.S. Aggregate Bond ETF (NYSEARCA:AGG) by 92.8% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 715,653 shares of the company’s stock after selling 9,210,693 shares during the quarter. iShares Core U.S. Aggregate Bond ETF comprises 1.3% of First Citizens Bank & Trust Co.’s holdings, making the stock its 12th biggest holding. First Citizens Bank & Trust Co.’s holdings in iShares Core U.S. Aggregate Bond ETF were worth $71,744,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of AGG. Angeles Investment Advisors LLC bought a new stake in iShares Core U.S. Aggregate Bond ETF during the second quarter worth about $26,000. North Ridge Wealth Advisors Inc. bought a new position in iShares Core U.S. Aggregate Bond ETF in the second quarter valued at approximately $29,000. JCIC Asset Management Inc. acquired a new position in shares of iShares Core U.S. Aggregate Bond ETF during the 3rd quarter worth approximately $32,000. Evolution Wealth Management Inc. bought a new stake in shares of iShares Core U.S. Aggregate Bond ETF during the 3rd quarter worth approximately $40,000. Finally, Transce3nd LLC boosted its holdings in shares of iShares Core U.S. Aggregate Bond ETF by 84.7% in the 2nd quarter. Transce3nd LLC now owns 484 shares of the company’s stock valued at $48,000 after buying an additional 222 shares during the last quarter. 83.63% of the stock is currently owned by institutional investors and hedge funds.

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

NYSEARCA:AGG opened at $100.11 on Friday. The stock has a market capitalization of $137.01 billion, a PE ratio of 124.57 and a beta of 0.25. iShares Core U.S. Aggregate Bond ETF has a 1-year low of $96.15 and a 1-year high of $101.35. The firm has a fifty day simple moving average of $100.13 and a 200 day simple moving average of $99.87.

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.