Tectonic Advisors LLC Cuts Stock Holdings in iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT)

Tectonic Advisors LLC lowered its stake in iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) by 2.5% during the 4th quarter, Holdings Channel reports. The firm owned 17,016 shares of the exchange traded fund’s stock after selling 434 shares during the quarter. Tectonic Advisors LLC’s holdings in iShares 20+ Year Treasury Bond ETF were worth $1,486,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in TLT. Independence Bank of Kentucky purchased a new position in shares of iShares 20+ Year Treasury Bond ETF in the 4th quarter worth $26,000. Richardson Financial Services Inc. bought a new position in shares of iShares 20+ Year Treasury Bond ETF in the 4th quarter valued at about $30,000. New Wave Wealth Advisors LLC purchased a new position in iShares 20+ Year Treasury Bond ETF in the fourth quarter worth about $32,000. ORG Wealth Partners LLC bought a new stake in iShares 20+ Year Treasury Bond ETF during the third quarter worth approximately $35,000. Finally, West Branch Capital LLC raised its position 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 valued at $36,000 after purchasing an additional 203 shares during the period. Institutional investors own 73.32% of the company’s stock.

iShares 20+ Year Treasury Bond ETF Price Performance

NASDAQ:TLT opened at $89.89 on Thursday. The firm has a market capitalization of $54.64 billion, a price-to-earnings ratio of -7.14 and a beta of 0.06. The business has a 50 day simple moving average of $88.89 and a 200-day simple moving average of $93.08. iShares 20+ Year Treasury Bond ETF has a 1 year low of $84.89 and a 1 year high of $101.64.

iShares 20+ Year Treasury Bond ETF Cuts Dividend

The business also recently declared a dividend, which will be paid on Thursday, February 6th. Investors of record on Monday, February 3rd will be given a $0.3123 dividend. The ex-dividend date is Monday, February 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.