Smart Money Group LLC Sells 12,441 Shares of iShares 20+ Year Treasury Bond ETF $TLT

Smart Money Group LLC lessened its holdings in shares of iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) by 45.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 14,828 shares of the exchange traded fund’s stock after selling 12,441 shares during the quarter. iShares 20+ Year Treasury Bond ETF accounts for approximately 0.4% of Smart Money Group LLC’s holdings, making the stock its 27th largest holding. Smart Money Group LLC’s holdings in iShares 20+ Year Treasury Bond ETF were worth $1,325,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in TLT. JPMorgan Chase & Co. lifted its holdings in shares of iShares 20+ Year Treasury Bond ETF by 84.9% during the 2nd quarter. JPMorgan Chase & Co. now owns 7,909,435 shares of the exchange traded fund’s stock valued at $698,008,000 after purchasing an additional 3,632,572 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in iShares 20+ Year Treasury Bond ETF by 6.6% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 40,525,707 shares of the exchange traded fund’s stock worth $3,576,394,000 after purchasing an additional 2,508,650 shares during the period. Assetmark Inc. raised its stake in shares of iShares 20+ Year Treasury Bond ETF by 652.3% in the 3rd quarter. Assetmark Inc. now owns 1,628,189 shares of the exchange traded fund’s stock valued at $145,511,000 after purchasing an additional 1,411,767 shares during the period. Cibc World Market Inc. boosted its position in shares of iShares 20+ Year Treasury Bond ETF by 429.3% during the third quarter. Cibc World Market Inc. now owns 1,490,621 shares of the exchange traded fund’s stock worth $133,217,000 after buying an additional 1,208,976 shares during the period. Finally, Envestnet Asset Management Inc. boosted its position in shares of iShares 20+ Year Treasury Bond ETF by 8.6% during the third quarter. Envestnet Asset Management Inc. now owns 6,657,532 shares of the exchange traded fund’s stock worth $594,984,000 after buying an additional 527,803 shares during the period. 73.33% of the stock is owned by institutional investors and hedge funds.

iShares 20+ Year Treasury Bond ETF Stock Performance

Shares of iShares 20+ Year Treasury Bond ETF stock opened at $90.82 on Monday. The business’s 50 day simple moving average is $88.12 and its 200 day simple moving average is $88.75. iShares 20+ Year Treasury Bond ETF has a 52-week low of $83.29 and a 52-week high of $94.09. The firm has a market cap of $47.13 billion, a PE ratio of -6.75 and a beta of 0.53.

iShares 20+ Year Treasury Bond ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, March 5th. Stockholders of record on Monday, March 2nd will be issued a $0.3006 dividend. The ex-dividend date is Monday, March 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 4.0%.

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.