Envestnet Portfolio Solutions Inc. Sells 1,323,255 Shares of iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT)

Envestnet Portfolio Solutions Inc. decreased its holdings in shares of iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) by 59.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 907,116 shares of the exchange traded fund’s stock after selling 1,323,255 shares during the quarter. Envestnet Portfolio Solutions Inc. owned about 0.17% of iShares 20+ Year Treasury Bond ETF worth $82,575,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in TLT. NBC Securities Inc. bought a new stake in shares of iShares 20+ Year Treasury Bond ETF in the 1st quarter worth approximately $25,000. Byrne Asset Management LLC bought a new stake in iShares 20+ Year Treasury Bond ETF in the first quarter valued at about $26,000. Van ECK Associates Corp increased its stake in iShares 20+ Year Treasury Bond ETF by 82.4% in the fourth quarter. Van ECK Associates Corp now owns 394 shares of the exchange traded fund’s stock valued at $34,000 after acquiring an additional 178 shares during the period. Highline Wealth Partners LLC bought a new stake in iShares 20+ Year Treasury Bond ETF in the first quarter valued at about $41,000. Finally, Abound Wealth Management bought a new stake in iShares 20+ Year Treasury Bond ETF in the first quarter valued at about $43,000. Institutional investors own 73.32% of the company’s stock.

iShares 20+ Year Treasury Bond ETF Stock Up 0.2%

NASDAQ TLT opened at $86.65 on Thursday. The stock has a market cap of $46.89 billion, a P/E ratio of -6.75 and a beta of 0.06. The company’s 50-day simple moving average is $86.62 and its 200 day simple moving average is $88.44. iShares 20+ Year Treasury Bond ETF has a twelve month low of $83.30 and a twelve month high of $101.64.

iShares 20+ Year Treasury Bond ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Thursday, June 5th. Investors of record on Monday, June 2nd were given a dividend of $0.3195 per share. The ex-dividend date was Monday, June 2nd. This represents a $3.83 annualized dividend and a dividend yield of 4.43%.

iShares 20+ Year Treasury Bond ETF Company Profile

iShares 20+ Year Treasury Bond ETF (the Fund) is an exchange-traded fund. The Fund seeks to track the investment results of an index composed of United States Treasury bonds with remaining maturities greater than 20 years. The Fund seeks to track the investment results of the Barclays U.S. 20+ Year Treasury Bond Index (the Underlying Index), which measures the performance of public obligations of the United States Treasury that have a remaining maturity of 20 or more years.