Tortoise Investment Management LLC Sells 13,589 Shares of iShares 20+ Year Treasury Bond ETF $TLT

Tortoise Investment Management LLC reduced its position in iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) by 30.8% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 30,520 shares of the exchange traded fund’s stock after selling 13,589 shares during the period. Tortoise Investment Management LLC’s holdings in iShares 20+ Year Treasury Bond ETF were worth $2,638,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in TLT. Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new stake in iShares 20+ Year Treasury Bond ETF in the fourth quarter worth about $31,000. Summer Road LLC lifted its position in iShares 20+ Year Treasury Bond ETF by 117.6% during the 1st quarter. Summer Road LLC now owns 370 shares of the exchange traded fund’s stock valued at $32,000 after purchasing an additional 200 shares during the period. Axiom Investment Management LLC acquired a new position in iShares 20+ Year Treasury Bond ETF during the 1st quarter valued at about $32,000. BOK Financial Private Wealth Inc. bought a new position in shares of iShares 20+ Year Treasury Bond ETF in the 4th quarter valued at about $37,000. Finally, WFA of San Diego LLC bought a new position in shares of iShares 20+ Year Treasury Bond ETF in the 2nd quarter valued at about $46,000. 73.33% of the stock is owned by institutional investors and hedge funds.

iShares 20+ Year Treasury Bond ETF Price Performance

Shares of NASDAQ:TLT opened at $81.73 on Thursday. The stock has a market cap of $41.17 billion, a price-to-earnings ratio of -6.75 and a beta of 0.51. The company has a 50 day moving average of $83.11 and a 200-day moving average of $85.32. iShares 20+ Year Treasury Bond ETF has a one year low of $81.17 and a one 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 Friday, September 4th. Shareholders of record on Tuesday, September 1st were paid a $0.3147 dividend. The ex-dividend date of this dividend was Tuesday, September 1st. This represents a c) 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.