Main Street Research LLC Cuts Position in iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT)

Main Street Research LLC trimmed its position in shares of iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) by 0.3% during the fourth quarter, Holdings Channel reports. The institutional investor owned 188,901 shares of the exchange traded fund’s stock after selling 577 shares during the quarter. Main Street Research LLC’s holdings in iShares 20+ Year Treasury Bond ETF were worth $18,679,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Stonebridge Capital Advisors LLC purchased a new stake in shares of iShares 20+ Year Treasury Bond ETF during the first quarter worth approximately $29,000. New Republic Capital LLC acquired a new position in iShares 20+ Year Treasury Bond ETF in the second quarter valued at approximately $26,000. Register Financial Advisors LLC acquired a new position in iShares 20+ Year Treasury Bond ETF in the fourth quarter valued at approximately $28,000. Compass Wealth Management LLC acquired a new position in iShares 20+ Year Treasury Bond ETF in the first quarter valued at approximately $34,000. Finally, SJS Investment Consulting Inc. acquired a new position in iShares 20+ Year Treasury Bond ETF in the third quarter valued at approximately $31,000. 73.32% of the stock is currently owned by hedge funds and other institutional investors.

iShares 20+ Year Treasury Bond ETF Stock Performance

TLT traded down $0.61 on Tuesday, reaching $88.28. The company’s stock had a trading volume of 26,746,199 shares, compared to its average volume of 43,424,098. The stock has a 50 day moving average of $93.28 and a two-hundred day moving average of $92.44. iShares 20+ Year Treasury Bond ETF has a fifty-two week low of $82.42 and a fifty-two week high of $107.24.

iShares 20+ Year Treasury Bond ETF Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Friday, April 5th. Investors of record on Tuesday, April 2nd were issued a $0.3124 dividend. This represents a $3.75 dividend on an annualized basis and a yield of 4.25%. The ex-dividend date was Monday, April 1st.

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.