Valeo Financial Advisors LLC Decreases Stock Position in iShares 20+ Year Treasury Bond ETF $TLT

Valeo Financial Advisors LLC lessened its stake in iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) by 93.0% in the third quarter, HoldingsChannel reports. The fund owned 5,623 shares of the exchange traded fund’s stock after selling 74,590 shares during the period. Valeo Financial Advisors LLC’s holdings in iShares 20+ Year Treasury Bond ETF were worth $503,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Clearstead Trust LLC bought a new stake in iShares 20+ Year Treasury Bond ETF in the second quarter valued at approximately $25,000. Cary Street Partners Investment Advisory LLC increased its stake in shares of iShares 20+ Year Treasury Bond ETF by 130.9% in the second quarter. Cary Street Partners Investment Advisory LLC now owns 284 shares of the exchange traded fund’s stock worth $25,000 after buying an additional 161 shares during the period. Ameritas Investment Partners Inc. bought a new stake in iShares 20+ Year Treasury Bond ETF during the 2nd quarter valued at $33,000. First Command Advisory Services Inc. purchased a new stake in iShares 20+ Year Treasury Bond ETF during the 3rd quarter valued at $33,000. Finally, Caldwell Trust Co purchased a new stake in iShares 20+ Year Treasury Bond ETF during the 2nd quarter valued at $36,000. 73.33% of the stock is currently owned by hedge funds and other institutional investors.

iShares 20+ Year Treasury Bond ETF Trading Down 0.6%

TLT stock opened at $87.13 on Friday. The stock has a market capitalization of $45.34 billion, a price-to-earnings ratio of -6.75 and a beta of 0.53. The firm’s 50-day moving average price is $88.06 and its two-hundred day moving average price is $88.42. iShares 20+ Year Treasury Bond ETF has a 12-month low of $83.29 and a 12-month high of $94.09.

iShares 20+ Year Treasury Bond ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Wednesday, December 24th. Investors of record on Friday, December 19th were issued a dividend of $0.3424 per share. The ex-dividend date was Friday, December 19th. This represents a c) dividend on an annualized basis and a yield of 4.7%. This is a boost from iShares 20+ Year Treasury Bond ETF’s previous monthly dividend of $0.32.

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.