iShares 20+ Year Treasury Bond ETF $TLT Stock Position Lowered by Mechanics Bank Trust Department

Mechanics Bank Trust Department decreased its position in iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) by 24.5% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 27,659 shares of the exchange traded fund’s stock after selling 8,952 shares during the period. Mechanics Bank Trust Department’s holdings in iShares 20+ Year Treasury Bond ETF were worth $2,411,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of TLT. Yoder Wealth Management Inc. grew its holdings in iShares 20+ Year Treasury Bond ETF by 0.4% during the third quarter. Yoder Wealth Management Inc. now owns 29,867 shares of the exchange traded fund’s stock worth $2,669,000 after acquiring an additional 109 shares during the period. Mather Group LLC. lifted its holdings in iShares 20+ Year Treasury Bond ETF by 3.4% in the 3rd quarter. Mather Group LLC. now owns 3,538 shares of the exchange traded fund’s stock valued at $316,000 after acquiring an additional 115 shares during the last quarter. Silverlake Wealth Management LLC lifted its holdings in iShares 20+ Year Treasury Bond ETF by 0.6% in the 4th quarter. Silverlake Wealth Management LLC now owns 21,019 shares of the exchange traded fund’s stock valued at $1,832,000 after acquiring an additional 115 shares during the last quarter. SteelPeak Wealth LLC boosted its position in shares of iShares 20+ Year Treasury Bond ETF by 3.3% during the 3rd quarter. SteelPeak Wealth LLC now owns 3,705 shares of the exchange traded fund’s stock valued at $331,000 after purchasing an additional 118 shares in the last quarter. Finally, Yukon Wealth Management Inc. boosted its position in shares of iShares 20+ Year Treasury Bond ETF by 0.5% during the 3rd quarter. Yukon Wealth Management Inc. now owns 23,442 shares of the exchange traded fund’s stock valued at $2,095,000 after purchasing an additional 118 shares in the last quarter. Institutional investors own 73.33% of the company’s stock.

iShares 20+ Year Treasury Bond ETF Price Performance

Shares of TLT opened at $85.64 on Friday. The firm’s 50 day moving average is $88.04 and its 200-day moving average is $88.80. iShares 20+ Year Treasury Bond ETF has a 12-month low of $83.29 and a 12-month high of $94.09. The stock has a market capitalization of $44.44 billion, a P/E ratio of -6.75 and a beta of 0.53.

iShares 20+ Year Treasury Bond ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Thursday, March 5th. Shareholders of record on Monday, March 2nd were given a $0.3006 dividend. The ex-dividend date was Monday, March 2nd. This represents a c) annualized dividend and a yield of 4.2%.

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.