Norden Group LLC Sells 28,180 Shares of iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT)

Norden Group LLC trimmed its holdings in shares of iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) by 81.5% during the fourth quarter, HoldingsChannel reports. The fund owned 6,399 shares of the exchange traded fund’s stock after selling 28,180 shares during the quarter. Norden Group LLC’s holdings in iShares 20+ Year Treasury Bond ETF were worth $559,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Independence Bank of Kentucky bought a new stake in iShares 20+ Year Treasury Bond ETF during the 4th quarter worth approximately $26,000. Richardson Financial Services Inc. bought a new stake in iShares 20+ Year Treasury Bond ETF during the 4th quarter worth approximately $30,000. New Wave Wealth Advisors LLC bought a new stake in iShares 20+ Year Treasury Bond ETF during the 4th quarter worth 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 worth $34,000 after acquiring an additional 178 shares during 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 worth $36,000 after acquiring an additional 203 shares during the last quarter. 73.32% of the stock is owned by institutional investors.

iShares 20+ Year Treasury Bond ETF Price Performance

TLT opened at $92.57 on Tuesday. iShares 20+ Year Treasury Bond ETF has a fifty-two week low of $84.89 and a fifty-two week high of $101.64. The firm has a market capitalization of $56.26 billion, a price-to-earnings ratio of -7.34 and a beta of 0.06. The company’s 50 day moving average price is $88.07 and its two-hundred day moving average price is $92.39.

iShares 20+ Year Treasury Bond ETF Cuts Dividend

The company also recently declared a dividend, which will be paid on Thursday, March 6th. Stockholders of record on Monday, March 3rd will be given a $0.2898 dividend. The ex-dividend date 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.