Sowell Financial Services LLC Sells 100,605 Shares of iShares 20+ Year Treasury Bond ETF $TLT

Sowell Financial Services LLC lowered its position in shares of iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) by 61.4% in the third quarter, HoldingsChannel.com reports. The fund owned 63,214 shares of the exchange traded fund’s stock after selling 100,605 shares during the quarter. Sowell Financial Services LLC’s holdings in iShares 20+ Year Treasury Bond ETF were worth $4,917,000 as of its most recent filing with the SEC.

Other large investors have also added to or reduced their stakes in the company. Tectonic Advisors LLC lifted its holdings in shares of iShares 20+ Year Treasury Bond ETF by 2,200.2% during the third quarter. Tectonic Advisors LLC now owns 384,917 shares of the exchange traded fund’s stock worth $29,939,000 after purchasing an additional 368,183 shares during the period. Vision Financial Markets LLC increased its holdings in iShares 20+ Year Treasury Bond ETF by 247.2% in the 3rd quarter. Vision Financial Markets LLC now owns 346,900 shares of the exchange traded fund’s stock worth $26,982,000 after buying an additional 247,000 shares during the period. Christensen King & Associates Investment Services Inc. increased its holdings in iShares 20+ Year Treasury Bond ETF by 5.8% in the 3rd quarter. Christensen King & Associates Investment Services Inc. now owns 21,417 shares of the exchange traded fund’s stock worth $1,666,000 after buying an additional 1,172 shares during the period. Royal Fund Management LLC raised its position in iShares 20+ Year Treasury Bond ETF by 3.8% during the 3rd quarter. Royal Fund Management LLC now owns 215,893 shares of the exchange traded fund’s stock worth $16,792,000 after buying an additional 7,878 shares during the last quarter. Finally, Benin Management CORP raised its position in iShares 20+ Year Treasury Bond ETF by 35.7% during the 3rd quarter. Benin Management CORP now owns 155,533 shares of the exchange traded fund’s stock worth $12,097,000 after buying an additional 40,900 shares during the last quarter. Hedge funds and other institutional investors own 73.33% of the company’s stock.

iShares 20+ Year Treasury Bond ETF Price Performance

NASDAQ:TLT opened at $81.49 on Friday. The firm has a market capitalization of $47.60 billion, a P/E ratio of -6.75 and a beta of 0.52. iShares 20+ Year Treasury Bond ETF has a 1-year low of $76.43 and a 1-year high of $90.97. The company’s fifty day moving average price is $80.51 and its 200-day moving average price is $84.68.

iShares 20+ Year Treasury Bond ETF Cuts Dividend

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

iShares 20+ Year Treasury Bond ETF Company Profile

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.