Cullen Frost Bankers Inc. Has $6.78 Million Stock Position in iShares 20+ Year Treasury Bond ETF $TLT

Cullen Frost Bankers Inc. decreased its stake in shares of iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) by 30.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 77,802 shares of the exchange traded fund’s stock after selling 33,802 shares during the period. Cullen Frost Bankers Inc.’s holdings in iShares 20+ Year Treasury Bond ETF were worth $6,781,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in TLT. Greykasell Wealth Strategies Inc. acquired a new position in iShares 20+ Year Treasury Bond ETF during the 3rd quarter worth about $27,000. Strategic Investment Advisors MI acquired a new position in iShares 20+ Year Treasury Bond ETF during the 3rd quarter worth about $27,000. First Command Advisory Services Inc. acquired a new position in iShares 20+ Year Treasury Bond ETF during the 3rd quarter worth about $33,000. Smartleaf Asset Management LLC acquired a new position in iShares 20+ Year Treasury Bond ETF during the 3rd quarter valued at about $33,000. Finally, Trust Co. of Vermont lifted its position in iShares 20+ Year Treasury Bond ETF by 90.5% during the 4th quarter. Trust Co. of Vermont now owns 381 shares of the exchange traded fund’s stock valued at $33,000 after purchasing an additional 181 shares during the period. Institutional investors and hedge funds own 73.33% of the company’s stock.

iShares 20+ Year Treasury Bond ETF Trading Up 1.1%

iShares 20+ Year Treasury Bond ETF stock opened at $83.91 on Thursday. iShares 20+ Year Treasury Bond ETF has a 1 year low of $82.77 and a 1 year high of $92.18. The company has a market cap of $41.75 billion, a PE ratio of -6.75 and a beta of 0.53. The company’s 50-day moving average is $86.22 and its two-hundred day moving average is $87.73.

iShares 20+ Year Treasury Bond ETF Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Wednesday, May 6th. Shareholders of record on Friday, May 1st were given a dividend of $0.3153 per share. The ex-dividend date was Friday, May 1st. This represents a c) dividend on an annualized basis and a yield of 4.5%.

iShares 20+ Year Treasury Bond ETF News Summary

Here are the key news stories impacting iShares 20+ Year Treasury Bond ETF this week:

• Positive Sentiment: Some analysts and market commentary argue that TLT may be nearing a bottom, with a few pieces recommending bond exposure as long-dated Treasury prices have been hit hard. Treasury ETF Falls. A Record Low Looms
• Positive Sentiment: Fixed-income ETFs are having a strong year overall as investors seek to lock in elevated yields, which could help support demand for Treasury funds like TLT over time. Bond ETFs Are Having A Banner Year As Investors Rush To Lock In High Yields
• Neutral Sentiment: Several articles highlight that inflation remains above the Fed’s target and that the bond market is reacting to a more hawkish rate outlook, which keeps long-duration Treasury ETFs volatile. There’s a Bond ETF That Resets Its Income for Inflation Every Six Months. Almost None of Your Friends Own It.
• Negative Sentiment: Rising long-term Treasury yields remain the biggest headwind for TLT, since higher yields push bond prices lower; coverage noted the 10-year yield near 4.7% and the 30-year yield at a 19-year high. The Global Bond Rout Is Accelerating. Here’s What to Know.
• Negative Sentiment: Fear that the Federal Reserve may keep policy tighter for longer is weighing on bond ETFs broadly, adding further downside pressure to TLT. Fed Rate Hike Fears: Rippling Through ETF Flows

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.