Avid Wealth Partners LLC Trims Holdings in iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT)

Avid Wealth Partners LLC decreased its stake in shares of iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) by 48.8% during the third quarter, HoldingsChannel.com reports. The firm owned 4,926 shares of the exchange traded fund’s stock after selling 4,699 shares during the period. iShares 20+ Year Treasury Bond ETF accounts for 0.3% of Avid Wealth Partners LLC’s portfolio, making the stock its 28th largest position. Avid Wealth Partners LLC’s holdings in iShares 20+ Year Treasury Bond ETF were worth $483,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. Motco bought a new position in shares of iShares 20+ Year Treasury Bond ETF in the first quarter worth $32,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in iShares 20+ Year Treasury Bond ETF in the 2nd quarter worth about $34,000. Riggs Asset Managment Co. Inc. purchased a new stake in shares of iShares 20+ Year Treasury Bond ETF in the 2nd quarter valued at about $35,000. ORG Wealth Partners LLC bought a new stake in shares of iShares 20+ Year Treasury Bond ETF during the 3rd quarter valued at about $35,000. Finally, Anfield Capital Management LLC purchased a new position in shares of iShares 20+ Year Treasury Bond ETF during the second quarter worth about $36,000. Hedge funds and other institutional investors own 73.32% of the company’s stock.

iShares 20+ Year Treasury Bond ETF Price Performance

Shares of TLT opened at $92.49 on Friday. iShares 20+ Year Treasury Bond ETF has a 1-year low of $86.74 and a 1-year high of $101.64. The company has a market capitalization of $59.92 billion, a P/E ratio of -7.14 and a beta of 0.06. The firm’s 50 day simple moving average is $95.92 and its 200 day simple moving average is $94.14.

iShares 20+ Year Treasury Bond ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Wednesday, November 6th. Stockholders of record on Friday, November 1st were issued a dividend of $0.3105 per share. This is an increase from iShares 20+ Year Treasury Bond ETF’s previous monthly dividend of $0.29. This represents a $3.73 dividend on an annualized basis and a dividend yield of 4.03%. The ex-dividend date of this dividend was Friday, November 1st.

iShares 20+ Year Treasury Bond ETF 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.