Cullen Frost Bankers Inc. Sells 348,428 Shares of iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT)

Cullen Frost Bankers Inc. decreased its position in shares of iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) by 32.7% during the fourth quarter, Holdings Channel.com reports. The fund owned 716,424 shares of the exchange traded fund’s stock after selling 348,428 shares during the quarter. iShares 20+ Year Treasury Bond ETF accounts for 0.9% of Cullen Frost Bankers Inc.’s investment portfolio, making the stock its 29th largest holding. Cullen Frost Bankers Inc.’s holdings in iShares 20+ Year Treasury Bond ETF were worth $62,565,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TLT. Independence Bank of Kentucky purchased a new stake in iShares 20+ Year Treasury Bond ETF during the 4th quarter valued at approximately $26,000. Richardson Financial Services Inc. purchased a new stake in iShares 20+ Year Treasury Bond ETF during the 4th quarter valued at approximately $30,000. New Wave Wealth Advisors LLC purchased a new stake in iShares 20+ Year Treasury Bond ETF during the 4th quarter valued at approximately $32,000. Van ECK Associates Corp grew its holdings in iShares 20+ Year Treasury Bond ETF by 82.4% during the 4th quarter. Van ECK Associates Corp now owns 394 shares of the exchange traded fund’s stock valued at $34,000 after buying an additional 178 shares in the last quarter. Finally, West Branch Capital LLC grew its holdings in iShares 20+ Year Treasury Bond ETF by 94.9% during the 4th quarter. West Branch Capital LLC now owns 417 shares of the exchange traded fund’s stock valued at $36,000 after buying an additional 203 shares in the last quarter. Institutional investors own 73.32% of the company’s stock.

iShares 20+ Year Treasury Bond ETF Price Performance

Shares of TLT opened at $90.70 on Thursday. iShares 20+ Year Treasury Bond ETF has a 1 year low of $84.89 and a 1 year high of $101.64. The company has a 50 day simple moving average of $88.24 and a two-hundred day simple moving average of $92.32. The firm has a market cap of $55.13 billion, a P/E ratio of -7.34 and a beta of 0.06.

iShares 20+ Year Treasury Bond ETF Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Thursday, March 6th. Shareholders of record on Monday, March 3rd will be issued a dividend of $0.2898 per share. The ex-dividend date of this dividend is Monday, March 3rd.

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.