PNC Financial Services Group Inc. Has $28.58 Million Position in iShares 20+ Year Treasury Bond ETF $TLT

PNC Financial Services Group Inc. reduced its stake in iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) by 5.2% in the 4th quarter, Holdings Channel reports. The firm owned 327,946 shares of the exchange traded fund’s stock after selling 17,872 shares during the period. PNC Financial Services Group Inc.’s holdings in iShares 20+ Year Treasury Bond ETF were worth $28,584,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in TLT. Greykasell Wealth Strategies Inc. acquired a new position in shares of iShares 20+ Year Treasury Bond ETF during the third quarter worth approximately $27,000. Strategic Investment Advisors MI acquired a new position in shares of iShares 20+ Year Treasury Bond ETF during the third quarter worth approximately $27,000. Smartleaf Asset Management LLC acquired a new position in shares of iShares 20+ Year Treasury Bond ETF during the third quarter worth approximately $33,000. First Command Advisory Services Inc. acquired a new position in shares of iShares 20+ Year Treasury Bond ETF during the third quarter worth approximately $33,000. Finally, Trust Co. of Vermont lifted its holdings in shares of iShares 20+ Year Treasury Bond ETF by 90.5% during the fourth quarter. Trust Co. of Vermont now owns 381 shares of the exchange traded fund’s stock worth $33,000 after buying an additional 181 shares during the last quarter. 73.33% of the stock is currently owned by institutional investors and hedge funds.

iShares 20+ Year Treasury Bond ETF Stock Up 0.5%

Shares of TLT stock opened at $84.68 on Friday. iShares 20+ Year Treasury Bond ETF has a 12 month low of $82.77 and a 12 month high of $92.18. The firm has a market cap of $42.14 billion, a PE ratio of -6.75 and a beta of 0.53. The stock has a 50 day moving average of $86.09 and a 200-day moving average of $87.66.

iShares 20+ Year Treasury Bond ETF Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Wednesday, May 6th. Stockholders of record on Friday, May 1st were issued a dividend of $0.3153 per share. The ex-dividend date was Friday, May 1st. This represents a c) dividend on an annualized basis and a dividend yield of 4.5%.

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.