Truist Financial Corp Lowers Stock Position in iShares 20+ Year Treasury Bond ETF $TLT

Truist Financial Corp reduced its position in shares of iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) by 1.7% during the fourth quarter, Holdings Channel reports. The firm owned 1,312,588 shares of the exchange traded fund’s stock after selling 22,876 shares during the period. Truist Financial Corp’s holdings in iShares 20+ Year Treasury Bond ETF were worth $114,405,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Davis Rea LTD. purchased a new position in shares of iShares 20+ Year Treasury Bond ETF in the 3rd quarter valued at approximately $4,468,000. CPR Investments Inc. grew its position in iShares 20+ Year Treasury Bond ETF by 164.4% during the 4th quarter. CPR Investments Inc. now owns 76,780 shares of the exchange traded fund’s stock worth $6,692,000 after purchasing an additional 47,741 shares during the last quarter. Alliance Wealth Advisors LLC UT acquired a new position in iShares 20+ Year Treasury Bond ETF during the 3rd quarter valued at approximately $1,378,000. WestEnd Advisors LLC increased its stake in iShares 20+ Year Treasury Bond ETF by 17.1% during the 3rd quarter. WestEnd Advisors LLC now owns 923,315 shares of the exchange traded fund’s stock valued at $82,518,000 after purchasing an additional 134,792 shares in the last quarter. Finally, First Horizon Corp purchased a new position in shares of iShares 20+ Year Treasury Bond ETF in the third quarter worth $5,510,000. 73.33% of the stock is currently owned by hedge funds and other institutional investors.

iShares 20+ Year Treasury Bond ETF Trading Down 0.8%

NASDAQ:TLT opened at $84.96 on Tuesday. iShares 20+ Year Treasury Bond ETF has a 12 month low of $83.29 and a 12 month high of $92.18. The firm has a fifty day simple moving average of $87.36 and a 200-day simple moving average of $88.29. The company has a market capitalization of $42.28 billion, a P/E ratio of -6.75 and a beta of 0.53.

iShares 20+ Year Treasury Bond ETF Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Wednesday, May 6th. Investors of record on Friday, May 1st will be paid a $0.3153 dividend. The ex-dividend date is Friday, May 1st. This represents a c) dividend on an annualized basis and a yield of 4.5%.

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.