Northeast Financial Group Inc. Trims Stake in iShares 20+ Year Treasury Bond ETF $TLT

Northeast Financial Group Inc. cut its position in iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) by 8.5% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 87,919 shares of the exchange traded fund’s stock after selling 8,144 shares during the quarter. iShares 20+ Year Treasury Bond ETF makes up 1.9% of Northeast Financial Group Inc.’s investment portfolio, making the stock its 19th biggest holding. Northeast Financial Group Inc.’s holdings in iShares 20+ Year Treasury Bond ETF were worth $7,640,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in TLT. Brighton Jones LLC increased its holdings in shares of iShares 20+ Year Treasury Bond ETF by 28.0% in the 4th quarter. Brighton Jones LLC now owns 2,747 shares of the exchange traded fund’s stock valued at $240,000 after acquiring an additional 601 shares during the period. Capstone Wealth Management Group LLC boosted its stake in iShares 20+ Year Treasury Bond ETF by 409.3% during the 1st quarter. Capstone Wealth Management Group LLC now owns 50,847 shares of the exchange traded fund’s stock worth $4,629,000 after purchasing an additional 40,863 shares during the period. Russell Investments Group Ltd. boosted its stake in iShares 20+ Year Treasury Bond ETF by 520.4% during the 2nd quarter. Russell Investments Group Ltd. now owns 608 shares of the exchange traded fund’s stock worth $54,000 after purchasing an additional 510 shares during the period. The Manufacturers Life Insurance Company grew its position in iShares 20+ Year Treasury Bond ETF by 28.7% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 808,479 shares of the exchange traded fund’s stock worth $71,348,000 after purchasing an additional 180,073 shares during the last quarter. Finally, Alliancebernstein L.P. increased its stake in iShares 20+ Year Treasury Bond ETF by 2.3% in the second quarter. Alliancebernstein L.P. now owns 2,814,624 shares of the exchange traded fund’s stock valued at $248,391,000 after purchasing an additional 63,442 shares during the period. Hedge funds and other institutional investors own 73.33% of the company’s stock.

iShares 20+ Year Treasury Bond ETF Stock Performance

Shares of NASDAQ:TLT opened at $83.25 on Monday. The company has a 50-day simple moving average of $85.15 and a 200-day simple moving average of $86.59. iShares 20+ Year Treasury Bond ETF has a one year low of $82.77 and a one year high of $92.18. The stock has a market capitalization of $42.25 billion, a price-to-earnings ratio of -6.75 and a beta of 0.51.

iShares 20+ Year Treasury Bond ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Tuesday, July 7th. Investors of record on Wednesday, July 1st were issued a dividend of $0.318 per share. The ex-dividend date of this dividend was Wednesday, July 1st. This represents a c) dividend on an annualized basis and a dividend yield of 4.6%.

About iShares 20+ Year Treasury Bond ETF

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. The Underlying Index includes all publicly-issued the United States Treasury securities that have a remaining maturity of greater than or equal to 20 years.