Northwestern Mutual Wealth Management Co. Trims Holdings in iShares 20+ Year Treasury Bond ETF $TLT

Northwestern Mutual Wealth Management Co. lowered its stake in shares of iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) by 12.1% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 38,995,705 shares of the exchange traded fund’s stock after selling 5,384,687 shares during the period. iShares 20+ Year Treasury Bond ETF makes up approximately 1.8% of Northwestern Mutual Wealth Management Co.’s investment portfolio, making the stock its 13th largest position. Northwestern Mutual Wealth Management Co. owned 7.74% of iShares 20+ Year Treasury Bond ETF worth $3,370,009,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TLT. Brighton Jones LLC grew its position in iShares 20+ Year Treasury Bond ETF by 28.0% in the 4th quarter. Brighton Jones LLC now owns 2,747 shares of the exchange traded fund’s stock valued at $240,000 after acquiring an additional 601 shares in the last quarter. Capstone Wealth Management Group LLC lifted its position in shares of iShares 20+ Year Treasury Bond ETF by 409.3% during the 1st quarter. Capstone Wealth Management Group LLC now owns 50,847 shares of the exchange traded fund’s stock worth $4,629,000 after buying an additional 40,863 shares during the last quarter. Russell Investments Group Ltd. increased its position in shares of iShares 20+ Year Treasury Bond ETF by 520.4% during the second quarter. Russell Investments Group Ltd. now owns 608 shares of the exchange traded fund’s stock worth $54,000 after purchasing an additional 510 shares in the last quarter. The Manufacturers Life Insurance Company boosted its holdings in shares of iShares 20+ Year Treasury Bond ETF by 28.7% in the second quarter. The Manufacturers Life Insurance Company now owns 808,479 shares of the exchange traded fund’s stock valued at $71,348,000 after acquiring an additional 180,073 shares during the period. Finally, Alliancebernstein L.P. boosted its stake in iShares 20+ Year Treasury Bond ETF by 2.3% during the 2nd quarter. Alliancebernstein L.P. now owns 2,814,624 shares of the exchange traded fund’s stock worth $248,391,000 after purchasing an additional 63,442 shares during the period. Hedge funds and other institutional investors own 73.33% of the company’s stock.

iShares 20+ Year Treasury Bond ETF Trading Down 0.4%

NASDAQ:TLT opened at $82.52 on Tuesday. iShares 20+ Year Treasury Bond ETF has a 12-month low of $81.17 and a 12-month high of $92.18. The stock’s 50 day simple moving average is $83.78 and its 200-day simple moving average is $85.68. The firm has a market cap of $41.57 billion, a P/E ratio of -6.75 and a beta of 0.51.

iShares 20+ Year Treasury Bond ETF Cuts Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, September 4th. Shareholders of record on Tuesday, September 1st will be given a dividend of $0.3147 per share. The ex-dividend date is Tuesday, September 1st. This represents a c) dividend on an annualized basis and a yield of 4.6%.

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.