SteelPeak Wealth LLC Trims Stock Holdings in iShares 20+ Year Treasury Bond ETF $TLT

SteelPeak Wealth LLC lowered its position in shares of iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) by 72.8% in the first quarter, HoldingsChannel.com reports. The fund owned 5,450 shares of the exchange traded fund’s stock after selling 14,602 shares during the quarter. SteelPeak Wealth LLC’s holdings in iShares 20+ Year Treasury Bond ETF were worth $472,000 as of its most recent filing with the SEC.

Other large investors have also added to or reduced their stakes in the company. Bank of America Corp DE increased its holdings in shares of iShares 20+ Year Treasury Bond ETF by 10.5% in the fourth quarter. Bank of America Corp DE now owns 109,057,503 shares of the exchange traded fund’s stock valued at $9,505,452,000 after purchasing an additional 10,380,437 shares during the period. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of iShares 20+ Year Treasury Bond ETF by 3.4% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 43,140,136 shares of the exchange traded fund’s stock worth $3,760,094,000 after purchasing an additional 1,418,641 shares during the period. Morgan Stanley boosted its position in iShares 20+ Year Treasury Bond ETF by 31.3% in the fourth quarter. Morgan Stanley now owns 19,186,986 shares of the exchange traded fund’s stock valued at $1,672,338,000 after buying an additional 4,577,906 shares during the last quarter. JPMorgan Chase & Co. boosted its position in iShares 20+ Year Treasury Bond ETF by 125.5% in the fourth quarter. JPMorgan Chase & Co. now owns 8,997,581 shares of the exchange traded fund’s stock valued at $784,229,000 after buying an additional 44,234,543 shares during the last quarter. Finally, Pureheart Capital Pte Ltd. acquired a new position in iShares 20+ Year Treasury Bond ETF in the 4th quarter worth approximately $292,683,000. Hedge funds and other institutional investors own 73.33% of the company’s stock.

iShares 20+ Year Treasury Bond ETF Trading Up 0.4%

TLT opened at $84.52 on Friday. iShares 20+ Year Treasury Bond ETF has a 12-month low of $82.77 and a 12-month high of $92.18. The firm has a market capitalization of $42.83 billion, a PE ratio of -6.75 and a beta of 0.51. The firm has a 50 day moving average of $85.28 and a two-hundred day moving average of $86.73.

iShares 20+ Year Treasury Bond ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Tuesday, July 7th. Stockholders of record on Wednesday, July 1st were paid a $0.318 dividend. The ex-dividend date was Wednesday, July 1st. This represents a c) dividend on an annualized basis and a dividend yield of 4.5%.

About iShares 20+ Year Treasury Bond ETF

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.