Sovereign Financial Group Inc. Sells 1,169 Shares of iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT)

Sovereign Financial Group Inc. cut its stake in shares of iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) by 17.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,436 shares of the exchange traded fund’s stock after selling 1,169 shares during the quarter. Sovereign Financial Group Inc.’s holdings in iShares 20+ Year Treasury Bond ETF were worth $475,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Northwestern Mutual Wealth Management Co. grew its holdings in iShares 20+ Year Treasury Bond ETF by 2,810.7% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 32,622,890 shares of the exchange traded fund’s stock worth $2,994,131,000 after acquiring an additional 31,502,110 shares during the last quarter. Assetmark Inc. grew its holdings in iShares 20+ Year Treasury Bond ETF by 3,121.7% during the 3rd quarter. Assetmark Inc. now owns 4,461,161 shares of the exchange traded fund’s stock worth $437,640,000 after acquiring an additional 4,322,688 shares during the last quarter. Quadrature Capital Ltd bought a new stake in iShares 20+ Year Treasury Bond ETF during the 3rd quarter worth approximately $89,789,000. IMC Chicago LLC grew its holdings in iShares 20+ Year Treasury Bond ETF by 440.7% during the 3rd quarter. IMC Chicago LLC now owns 1,045,193 shares of the exchange traded fund’s stock worth $102,533,000 after acquiring an additional 851,884 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. grew its holdings in iShares 20+ Year Treasury Bond ETF by 51.9% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,075,806 shares of the exchange traded fund’s stock worth $204,612,000 after acquiring an additional 709,409 shares during the last quarter. 73.32% of the stock is owned by institutional investors.

iShares 20+ Year Treasury Bond ETF Stock Performance

Shares of NASDAQ TLT opened at $86.76 on Thursday. The company has a market capitalization of $50.81 billion, a P/E ratio of -7.14 and a beta of 0.06. iShares 20+ Year Treasury Bond ETF has a 52-week low of $84.89 and a 52-week high of $101.64. The company’s 50 day moving average price is $89.93 and its 200-day moving average price is $93.62.

iShares 20+ Year Treasury Bond ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Monday, December 23rd. Stockholders of record on Wednesday, December 18th were given a $0.351 dividend. The ex-dividend date was Wednesday, December 18th. This represents a $4.21 dividend on an annualized basis and a dividend yield of 4.85%. This is an increase from iShares 20+ Year Treasury Bond ETF’s previous monthly dividend of $0.31.

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.