Fifth Third Securities Inc. Trims Stock Position in iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT)

Fifth Third Securities Inc. reduced its stake in iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) by 87.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 7,311 shares of the exchange traded fund’s stock after selling 49,081 shares during the quarter. Fifth Third Securities Inc.’s holdings in iShares 20+ Year Treasury Bond ETF were worth $638,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. ORG Wealth Partners LLC acquired a new stake in iShares 20+ Year Treasury Bond ETF in the third quarter valued at $35,000. West Branch Capital LLC boosted its holdings in iShares 20+ Year Treasury Bond ETF by 94.9% during the fourth quarter. West Branch Capital LLC now owns 417 shares of the exchange traded fund’s stock worth $36,000 after buying an additional 203 shares in the last quarter. Prospera Private Wealth LLC purchased a new position in iShares 20+ Year Treasury Bond ETF in the third quarter valued at about $42,000. ST Germain D J Co. Inc. boosted its stake in shares of iShares 20+ Year Treasury Bond ETF by 73.1% during the 4th quarter. ST Germain D J Co. Inc. now owns 476 shares of the exchange traded fund’s stock worth $42,000 after acquiring an additional 201 shares in the last quarter. Finally, CarsonAllaria Wealth Management Ltd. acquired a new stake in iShares 20+ Year Treasury Bond ETF in the third quarter valued at $59,000. Institutional investors and hedge funds own 73.32% of the company’s stock.

iShares 20+ Year Treasury Bond ETF Trading Down 0.7 %

NASDAQ:TLT opened at $87.76 on Friday. The company has a market capitalization of $53.34 billion, a P/E ratio of -7.14 and a beta of 0.06. The firm has a 50-day moving average price of $89.12 and a two-hundred day moving average price of $93.18. iShares 20+ Year Treasury Bond ETF has a twelve month low of $84.89 and a twelve month high of $101.64.

iShares 20+ Year Treasury Bond ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Monday, December 23rd. Stockholders of record on Wednesday, December 18th were paid a $0.351 dividend. This represents a $4.21 dividend on an annualized basis and a dividend yield of 4.80%. The ex-dividend date of this dividend was Wednesday, December 18th. This is a positive change from iShares 20+ Year Treasury Bond ETF’s previous monthly dividend of $0.31.

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.