iShares 20+ Year Treasury Bond ETF $TLT Stake Cut by WestEnd Advisors LLC

WestEnd Advisors LLC reduced its stake in iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) by 4.5% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,649,613 shares of the exchange traded fund’s stock after selling 77,694 shares during the quarter. iShares 20+ Year Treasury Bond ETF makes up approximately 2.8% of WestEnd Advisors LLC’s investment portfolio, making the stock its 9th largest position. WestEnd Advisors LLC owned about 0.28% of iShares 20+ Year Treasury Bond ETF worth $128,307,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of TLT. United Asset Strategies Inc. boosted its position in shares of iShares 20+ Year Treasury Bond ETF by 1.2% during the 1st quarter. United Asset Strategies Inc. now owns 10,398 shares of the exchange traded fund’s stock valued at $901,000 after acquiring an additional 126 shares during the last quarter. Stronghold Wealth Management L.L.C. increased its position in iShares 20+ Year Treasury Bond ETF by 0.8% during the second quarter. Stronghold Wealth Management L.L.C. now owns 16,318 shares of the exchange traded fund’s stock worth $1,410,000 after purchasing an additional 132 shares during the last quarter. Ranch Capital Advisors Inc. increased its position in iShares 20+ Year Treasury Bond ETF by 3.5% during the first quarter. Ranch Capital Advisors Inc. now owns 3,940 shares of the exchange traded fund’s stock worth $342,000 after purchasing an additional 135 shares during the last quarter. Avid Wealth Partners LLC increased its position in iShares 20+ Year Treasury Bond ETF by 2.6% during the first quarter. Avid Wealth Partners LLC now owns 6,155 shares of the exchange traded fund’s stock worth $534,000 after purchasing an additional 158 shares during the last quarter. Finally, Cox Capital Mgt LLC increased its position in iShares 20+ Year Treasury Bond ETF by 4.4% during the third quarter. Cox Capital Mgt LLC now owns 3,786 shares of the exchange traded fund’s stock worth $294,000 after purchasing an additional 159 shares during the last quarter. 73.33% of the stock is owned by institutional investors and hedge funds.

iShares 20+ Year Treasury Bond ETF Price Performance

Shares of TLT stock opened at $81.63 on Wednesday. The firm’s 50-day moving average is $80.55 and its two-hundred day moving average is $84.74. iShares 20+ Year Treasury Bond ETF has a 12 month low of $76.43 and a 12 month high of $92.18. The company has a market capitalization of $48.27 billion, a PE ratio of -6.75 and a beta of 0.52.

iShares 20+ Year Treasury Bond ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Tuesday, October 6th. Stockholders of record on Thursday, October 1st were issued a dividend of $0.3116 per share. The ex-dividend date was Thursday, October 1st. This represents a $3.74 dividend on an annualized basis and a dividend yield of 4.6%. This is a decrease from iShares 20+ Year Treasury Bond ETF’s previous monthly dividend of $0.3147.

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.