Bank of America Corp DE Sells 24,459,574 Shares of iShares 20+ Year Treasury Bond ETF $TLT

Bank of America Corp DE lessened its stake in iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) by 22.4% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 84,597,929 shares of the exchange traded fund’s stock after selling 24,459,574 shares during the quarter. Bank of America Corp DE owned about 0.17% of iShares 20+ Year Treasury Bond ETF worth $7,333,794,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Northwestern Mutual Wealth Management Co. grew its stake in iShares 20+ Year Treasury Bond ETF by 3.4% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 43,140,136 shares of the exchange traded fund’s stock worth $3,760,094,000 after buying an additional 1,418,641 shares in the last quarter. Morgan Stanley lifted its holdings in shares of iShares 20+ Year Treasury Bond ETF by 31.3% during the 4th quarter. Morgan Stanley now owns 19,186,986 shares of the exchange traded fund’s stock worth $1,672,338,000 after acquiring an additional 4,577,906 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of iShares 20+ Year Treasury Bond ETF by 125.5% during the 4th quarter. JPMorgan Chase & Co. now owns 8,997,581 shares of the exchange traded fund’s stock worth $784,229,000 after acquiring an additional 44,234,543 shares during the period. Pureheart Capital Pte Ltd. bought a new stake in shares of iShares 20+ Year Treasury Bond ETF during the 4th quarter worth approximately $292,683,000. Finally, Hantz Financial Services Inc. boosted its position in shares of iShares 20+ Year Treasury Bond ETF by 5.9% during the 4th quarter. Hantz Financial Services Inc. now owns 2,846,143 shares of the exchange traded fund’s stock worth $248,070,000 after acquiring an additional 158,421 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 NASDAQ:TLT opened at $82.85 on Thursday. The company’s 50 day simple moving average is $85.16 and its 200 day simple moving average is $86.51. The stock has a market capitalization of $42.40 billion, a price-to-earnings ratio of -6.75 and a beta of 0.51. iShares 20+ Year Treasury Bond ETF has a 1 year low of $82.70 and a 1 year high of $92.18.

iShares 20+ Year Treasury Bond ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Tuesday, July 7th. Shareholders of record on Wednesday, July 1st were issued a $0.318 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 4.6%. The ex-dividend date of this dividend was Wednesday, July 1st.

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.