HighTower Advisors LLC Sells 126,988 Shares of iShares 20+ Year Treasury Bond ETF $TLT

HighTower Advisors LLC reduced its holdings in shares of iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) by 16.8% in the 4th quarter, Holdings Channel.com reports. The fund owned 626,973 shares of the exchange traded fund’s stock after selling 126,988 shares during the period. HighTower Advisors LLC’s holdings in iShares 20+ Year Treasury Bond ETF were worth $54,647,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in TLT. Greykasell Wealth Strategies Inc. acquired a new position in iShares 20+ Year Treasury Bond ETF during the third quarter worth $27,000. Strategic Investment Advisors MI acquired a new position in iShares 20+ Year Treasury Bond ETF during the third quarter worth $27,000. First Command Advisory Services Inc. acquired a new position in iShares 20+ Year Treasury Bond ETF during the third quarter worth $33,000. Smartleaf Asset Management LLC acquired a new position in iShares 20+ Year Treasury Bond ETF during the third quarter worth $33,000. Finally, Trust Co. of Vermont boosted its holdings in iShares 20+ Year Treasury Bond ETF by 90.5% during the fourth quarter. Trust Co. of Vermont now owns 381 shares of the exchange traded fund’s stock worth $33,000 after purchasing an additional 181 shares during the last quarter. 73.33% of the stock is currently owned by institutional investors and hedge funds.

iShares 20+ Year Treasury Bond ETF Trading Up 1.1%

Shares of TLT opened at $83.91 on Thursday. 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 fifty day simple moving average of $86.22 and a 200 day simple moving average of $87.73. The stock has a market capitalization of $41.75 billion, a price-to-earnings ratio of -6.75 and a beta of 0.53.

iShares 20+ Year Treasury Bond ETF Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Wednesday, May 6th. Investors of record on Friday, May 1st were issued a dividend of $0.3153 per share. The ex-dividend date was Friday, May 1st. This represents a c) annualized dividend and a yield of 4.5%.

iShares 20+ Year Treasury Bond ETF News Roundup

Here are the key news stories impacting iShares 20+ Year Treasury Bond ETF this week:

• Positive Sentiment: Some analysts and market commentary argue that TLT may be nearing a bottom, with a few pieces recommending bond exposure as long-dated Treasury prices have been hit hard. Treasury ETF Falls. A Record Low Looms
• Positive Sentiment: Fixed-income ETFs are having a strong year overall as investors seek to lock in elevated yields, which could help support demand for Treasury funds like TLT over time. Bond ETFs Are Having A Banner Year As Investors Rush To Lock In High Yields
• Neutral Sentiment: Several articles highlight that inflation remains above the Fed’s target and that the bond market is reacting to a more hawkish rate outlook, which keeps long-duration Treasury ETFs volatile. There’s a Bond ETF That Resets Its Income for Inflation Every Six Months. Almost None of Your Friends Own It.
• Negative Sentiment: Rising long-term Treasury yields remain the biggest headwind for TLT, since higher yields push bond prices lower; coverage noted the 10-year yield near 4.7% and the 30-year yield at a 19-year high. The Global Bond Rout Is Accelerating. Here’s What to Know.
• Negative Sentiment: Fear that the Federal Reserve may keep policy tighter for longer is weighing on bond ETFs broadly, adding further downside pressure to TLT. Fed Rate Hike Fears: Rippling Through ETF Flows

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.