IFP Advisors Inc Sells 185,232 Shares of iShares 20+ Year Treasury Bond ETF $TLT

IFP Advisors Inc cut its holdings in shares of iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) by 41.5% during the third quarter, Holdings Channel.com reports. The fund owned 261,478 shares of the exchange traded fund’s stock after selling 185,232 shares during the period. IFP Advisors Inc’s holdings in iShares 20+ Year Treasury Bond ETF were worth $20,338,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in TLT. Envestnet Asset Management Inc. increased its stake 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. Aozora Bank LTD. purchased a new stake in iShares 20+ Year Treasury Bond ETF during the 2nd quarter worth approximately $198,507,000. The Manufacturers Life Insurance Company increased its stake in iShares 20+ Year Treasury Bond ETF by 141.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,311,965 shares of the exchange traded fund’s stock worth $113,380,000 after buying an additional 769,615 shares in the last quarter. HighTower Advisors LLC increased its stake in iShares 20+ Year Treasury Bond ETF by 30.1% during the 2nd quarter. HighTower Advisors LLC now owns 1,052,408 shares of the exchange traded fund’s stock worth $90,949,000 after buying an additional 243,793 shares in the last quarter. Finally, State Street Corp increased its stake in iShares 20+ Year Treasury Bond ETF by 34.1% during the 2nd quarter. State Street Corp now owns 739,553 shares of the exchange traded fund’s stock worth $63,912,000 after buying an additional 188,174 shares in the last quarter. Institutional investors and hedge funds own 73.33% of the company’s stock.

iShares 20+ Year Treasury Bond ETF Price Performance

Shares of NASDAQ:TLT opened at $80.05 on Friday. The business’s 50 day moving average price is $80.72 and its 200-day moving average price is $83.69. The firm has a market capitalization of $49.95 billion, a PE ratio of -6.75 and a beta of 0.52. iShares 20+ Year Treasury Bond ETF has a 1 year low of $76.43 and a 1 year high of $92.18.

iShares 20+ Year Treasury Bond ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Tuesday, October 6th. Stockholders of record on Thursday, October 1st were issued a dividend of $0.3116 per share. The ex-dividend date was Thursday, October 1st. This represents a $3.74 annualized dividend and a dividend yield of 4.7%. This is a decrease from iShares 20+ Year Treasury Bond ETF’s previous monthly dividend of $0.3147.

iShares 20+ Year Treasury Bond ETF 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.