Scotia Capital Inc. Cuts Stock Position in iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT)

Scotia Capital Inc. decreased its position in shares of iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) by 11.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 34,148 shares of the exchange traded fund’s stock after selling 4,580 shares during the period. Scotia Capital Inc.’s holdings in iShares 20+ Year Treasury Bond ETF were worth $2,982,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Independence Bank of Kentucky acquired a new position in shares of iShares 20+ Year Treasury Bond ETF in the fourth quarter worth $26,000. Richardson Financial Services Inc. acquired a new position in iShares 20+ Year Treasury Bond ETF during the 4th quarter worth $30,000. New Wave Wealth Advisors LLC purchased a new stake in iShares 20+ Year Treasury Bond ETF during the 4th quarter worth about $32,000. Van ECK Associates Corp increased 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 purchasing an additional 178 shares during the period. Finally, West Branch Capital LLC raised its position in iShares 20+ Year Treasury Bond ETF by 94.9% in the 4th 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 in the last quarter. 73.32% of the stock is currently owned by hedge funds and other institutional investors.

iShares 20+ Year Treasury Bond ETF Stock Performance

Shares of iShares 20+ Year Treasury Bond ETF stock opened at $86.89 on Friday. The business has a 50-day simple moving average of $89.96 and a 200-day simple moving average of $90.57. iShares 20+ Year Treasury Bond ETF has a one year low of $84.89 and a one year high of $101.64. The company has a market cap of $47.60 billion, a PE ratio of -7.38 and a beta of 0.06.

iShares 20+ Year Treasury Bond ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Friday, April 4th. Investors of record on Tuesday, April 1st were paid a $0.3256 dividend. The ex-dividend date was Tuesday, April 1st. This represents a $3.91 dividend on an annualized basis and a yield of 4.50%.

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.