Hills Bank & Trust Co.
Hills Bank & Trust Co is a regional financial services firm and state-chartered trust company based in Hills, Iowa. It offers a variety of services including personal and commercial banking, trust, and investment management. The company operates primarily in East Central Iowa and is among the largest independent banks in the state. Founded in 1904, it serves individual and institutional clients, focusing on community banking and trust services.
Investment Strategy
Hills Bank & Trust Co provides a broad range of traditional banking products, fiduciary, and investment management services. Its investment strategy is conservative, focusing on client-centered solutions with a diversified asset allocation tailored to risk tolerance, income needs, and long-term growth objectives. The trust and investment arm emphasizes prudent asset management and long-term relationships, consistent with community banking values.
Latest 13F Filing Activity
Hills Bank & Trust Co. filed their most recent 13F report on Jun 30, 2025 disclosing 311 equity positions with a total 13F market value of $2B. The fund increased holdings in SPDR Series Trust, Vanguard Tax-managed FDS, SPDR S&P 500 Etf TR among other positions. Hills Bank & Trust Co. reduced exposure to Invesco Exch TRD SLF Idx FD, Apple Inc., Flexshares TR among others.
Top Holdings
Equity Positions (311)
| Ticker | Security | Weight | Market Value | Shares | Avg Cost | Price | Change (QoQ) |
|---|---|---|---|---|---|---|---|
S SPY | SPDR S&P 500 ETF TR | 8.48% | $134.6M | 217,773 | $188.10 | $617.85 | +$12.5M |
V VEA | VANGUARD TAX-MANAGED FDS | 7.33% | $116.3M | 2,040,018 | $46.82 | $57.01 | +$19.0M |
M MDY | SPDR S&P MIDCAP 400 ETF TR | 4.25% | $67.5M | 119,169 | $301.79 | $566.48 | +$3.3M |
S SPMD | SPDR SERIES TRUST | 4.10% | $65.0M | 1,195,251 | $52.51 | $54.38 | +$33.9M |
F FTRB | FEDERATED HERMES ETF TRUST | 3.65% | $57.9M | 2,307,838 | $24.72 | $25.10 | +$8.7M |