Oppenheimer & Co. Inc. Sells 16,438 Shares of iShares 20+ Year Treasury Bond ETF $TLT

Oppenheimer & Co. Inc. trimmed its position in shares of iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) by 8.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 188,545 shares of the exchange traded fund’s stock after selling 16,438 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in iShares 20+ Year Treasury Bond ETF were worth $14,665,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in TLT. LGL Partners LLC acquired a new position in shares of iShares 20+ Year Treasury Bond ETF during the second quarter valued at approximately $776,000. Belvedere Trading LLC acquired a new stake in shares of iShares 20+ Year Treasury Bond ETF in the second quarter worth approximately $2,823,000. Waverly Advisors LLC boosted its stake in shares of iShares 20+ Year Treasury Bond ETF by 38.3% in the second quarter. Waverly Advisors LLC now owns 36,173 shares of the exchange traded fund’s stock worth $3,126,000 after acquiring an additional 10,009 shares during the last quarter. Tidal Investments LLC boosted its stake in shares of iShares 20+ Year Treasury Bond ETF by 457.8% in the second quarter. Tidal Investments LLC now owns 76,413 shares of the exchange traded fund’s stock worth $6,578,000 after acquiring an additional 62,713 shares during the last quarter. Finally, Envestnet Asset Management Inc. increased its position in shares of iShares 20+ Year Treasury Bond ETF by 18.3% during the second quarter. Envestnet Asset Management Inc. now owns 5,550,822 shares of the exchange traded fund’s stock worth $479,702,000 after purchasing an additional 860,164 shares in the last quarter. 73.33% of the stock is currently owned by institutional investors and hedge funds.

iShares 20+ Year Treasury Bond ETF Stock Performance

Shares of TLT opened at $81.68 on Tuesday. The stock has a 50 day moving average price of $80.55 and a 200 day moving average price of $84.77. iShares 20+ Year Treasury Bond ETF has a one year low of $76.43 and a one year high of $92.18. The stock has a market capitalization of $48.30 billion, a price-to-earnings ratio of -6.75 and a beta of 0.52.

iShares 20+ Year Treasury Bond ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Tuesday, October 6th. Shareholders of record on Thursday, October 1st were paid a dividend of $0.3116 per share. This is a drop from iShares 20+ Year Treasury Bond ETF’s previous monthly dividend of $0.3147. The ex-dividend date of this dividend was Thursday, October 1st. This represents a $3.74 annualized dividend and a yield of 4.6%.

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. 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.