New York Life Investment Management LLC Sells 16,475 Shares of iShares 20+ Year Treasury Bond ETF $TLT

New York Life Investment Management LLC lowered its stake in shares of iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) by 21.2% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 61,108 shares of the exchange traded fund’s stock after selling 16,475 shares during the quarter. New York Life Investment Management LLC’s holdings in iShares 20+ Year Treasury Bond ETF were worth $5,461,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the stock. Davis Rea LTD. purchased a new position in iShares 20+ Year Treasury Bond ETF in the 3rd quarter worth approximately $4,468,000. WestEnd Advisors LLC lifted its holdings in shares of 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 worth $82,518,000 after acquiring an additional 134,792 shares during the last quarter. First Horizon Corp purchased a new position in iShares 20+ Year Treasury Bond ETF in the third quarter worth $5,510,000. Global Retirement Partners LLC grew its position in iShares 20+ Year Treasury Bond ETF by 439.2% in the third quarter. Global Retirement Partners LLC now owns 46,705 shares of the exchange traded fund’s stock worth $4,174,000 after acquiring an additional 38,043 shares in the last quarter. Finally, Intrua Financial LLC increased its stake in iShares 20+ Year Treasury Bond ETF by 43.3% in the third quarter. Intrua Financial LLC now owns 31,920 shares of the exchange traded fund’s stock valued at $2,853,000 after acquiring an additional 9,638 shares during the last quarter. Institutional investors own 73.33% of the company’s stock.

iShares 20+ Year Treasury Bond ETF Stock Up 1.2%

NASDAQ TLT opened at $88.53 on Wednesday. The stock’s 50-day simple moving average is $87.70 and its two-hundred day simple moving average is $88.54. iShares 20+ Year Treasury Bond ETF has a twelve month low of $83.29 and a twelve month high of $94.09. The company has a market capitalization of $45.94 billion, a price-to-earnings ratio of -6.75 and a beta of 0.53.

iShares 20+ Year Treasury Bond ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, February 5th. Shareholders of record on Monday, February 2nd were paid a $0.3319 dividend. The ex-dividend date of this dividend was Monday, February 2nd. This represents a c) annualized dividend and a 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.