iShares 20+ Year Treasury Bond ETF $TLT Shares Sold by SBI Securities Co. Ltd.

SBI Securities Co. Ltd. cut its holdings in iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) by 10.4% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 251,761 shares of the exchange traded fund’s stock after selling 29,128 shares during the period. SBI Securities Co. Ltd.’s holdings in iShares 20+ Year Treasury Bond ETF were worth $19,582,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in TLT. Envestnet Asset Management Inc. boosted its position in shares of iShares 20+ Year Treasury Bond ETF by 18.3% during the 2nd quarter. Envestnet Asset Management Inc. now owns 5,550,822 shares of the exchange traded fund’s stock valued at $479,702,000 after purchasing an additional 860,164 shares in the last quarter. Aozora Bank LTD. acquired a new stake in iShares 20+ Year Treasury Bond ETF during the second quarter worth approximately $198,507,000. The Manufacturers Life Insurance Company grew its stake in iShares 20+ Year Treasury Bond ETF by 141.9% during the second quarter. The Manufacturers Life Insurance Company now owns 1,311,965 shares of the exchange traded fund’s stock worth $113,380,000 after purchasing an additional 769,615 shares during the period. HighTower Advisors LLC increased its holdings in iShares 20+ Year Treasury Bond ETF by 30.1% in the second quarter. HighTower Advisors LLC now owns 1,052,408 shares of the exchange traded fund’s stock worth $90,949,000 after purchasing an additional 243,793 shares in the last quarter. Finally, State Street Corp increased its holdings in iShares 20+ Year Treasury Bond ETF by 34.1% in the second quarter. State Street Corp now owns 739,553 shares of the exchange traded fund’s stock worth $63,912,000 after purchasing an additional 188,174 shares in the last quarter. 73.33% of the stock is owned by institutional investors and hedge funds.

iShares 20+ Year Treasury Bond ETF Stock Performance

Shares of TLT stock opened at $81.74 on Friday. iShares 20+ Year Treasury Bond ETF has a fifty-two week low of $76.43 and a fifty-two week high of $92.18. The stock has a 50 day simple moving average of $80.57 and a two-hundred day simple moving average of $83.50. The company has a market cap of $47.79 billion, a P/E ratio of -6.75 and a beta of 0.52.

iShares 20+ Year Treasury Bond ETF Cuts Dividend

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

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.