iShares 20+ Year Treasury Bond ETF $TLT Stake Lessened by Modern Wealth Management LLC

Modern Wealth Management LLC cut its position in shares of iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) by 45.1% during the 3rd quarter, Holdings Channel reports. The firm owned 29,526 shares of the exchange traded fund’s stock after selling 24,207 shares during the period. Modern Wealth Management LLC’s holdings in iShares 20+ Year Treasury Bond ETF were worth $2,639,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of TLT. JPMorgan Chase & Co. lifted its holdings in shares of iShares 20+ Year Treasury Bond ETF by 84.9% in the second quarter. JPMorgan Chase & Co. now owns 7,909,435 shares of the exchange traded fund’s stock valued at $698,008,000 after buying an additional 3,632,572 shares during the period. Northwestern Mutual Wealth Management Co. grew its holdings in iShares 20+ Year Treasury Bond ETF by 6.6% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 40,525,707 shares of the exchange traded fund’s stock worth $3,576,394,000 after acquiring an additional 2,508,650 shares during the period. Assetmark Inc. grew its holdings in iShares 20+ Year Treasury Bond ETF by 652.3% during the third quarter. Assetmark Inc. now owns 1,628,189 shares of the exchange traded fund’s stock worth $145,511,000 after acquiring an additional 1,411,767 shares during the period. Cibc World Market Inc. raised its position in iShares 20+ Year Treasury Bond ETF by 429.3% in the third quarter. Cibc World Market Inc. now owns 1,490,621 shares of the exchange traded fund’s stock worth $133,217,000 after acquiring an additional 1,208,976 shares in the last quarter. Finally, Envestnet Asset Management Inc. raised its position in iShares 20+ Year Treasury Bond ETF by 8.6% in the third quarter. Envestnet Asset Management Inc. now owns 6,657,532 shares of the exchange traded fund’s stock worth $594,984,000 after acquiring an additional 527,803 shares in the last quarter. Institutional investors own 73.33% of the company’s stock.

iShares 20+ Year Treasury Bond ETF Trading Down 0.4%

Shares of NASDAQ TLT opened at $88.46 on Friday. iShares 20+ Year Treasury Bond ETF has a twelve month low of $83.29 and a twelve month high of $94.09. The firm has a 50-day moving average of $88.26 and a two-hundred day moving average of $88.82. The company has a market capitalization of $45.90 billion, a price-to-earnings ratio of -6.75 and a beta of 0.53.

iShares 20+ Year Treasury Bond ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Thursday, March 5th. Investors of record on Monday, March 2nd were issued a $0.3006 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date was Monday, March 2nd.

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.