iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) Shares Sold by Formidable Asset Management LLC

Formidable Asset Management LLC cut its holdings in iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) by 16.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 24,893 shares of the exchange traded fund’s stock after selling 4,912 shares during the quarter. Formidable Asset Management LLC’s holdings in iShares 20+ Year Treasury Bond ETF were worth $2,003,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the business. Invst LLC increased its stake in shares of iShares 20+ Year Treasury Bond ETF by 7.0% during the fourth quarter. Invst LLC now owns 98,890 shares of the exchange traded fund’s stock worth $8,636,000 after acquiring an additional 6,481 shares during the period. WCG Wealth Advisors LLC boosted its holdings in iShares 20+ Year Treasury Bond ETF by 3.9% during the fourth quarter. WCG Wealth Advisors LLC now owns 28,761 shares of the exchange traded fund’s stock worth $2,513,000 after buying an additional 1,082 shares in the last quarter. Investment Management Corp VA ADV purchased a new stake in iShares 20+ Year Treasury Bond ETF during the fourth quarter worth about $1,443,000. Helium Advisors LLC purchased a new stake in iShares 20+ Year Treasury Bond ETF during the fourth quarter worth about $733,000. Finally, Fourth Dimension Wealth LLC purchased a new stake in iShares 20+ Year Treasury Bond ETF during the fourth quarter worth about $203,000. 73.32% of the stock is currently owned by institutional investors and hedge funds.

iShares 20+ Year Treasury Bond ETF Trading Up 0.2%

TLT stock opened at $84.55 on Friday. The company has a market cap of $45.75 billion, a P/E ratio of -6.91 and a beta of 0.06. iShares 20+ Year Treasury Bond ETF has a 52 week low of $83.30 and a 52 week high of $101.64. The company’s 50-day moving average price is $88.19 and its 200 day moving average price is $89.11.

iShares 20+ Year Treasury Bond ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Tuesday, May 6th. Shareholders of record on Thursday, May 1st were issued a $0.3276 dividend. This represents a $3.93 annualized dividend and a dividend yield of 4.65%. The ex-dividend date was Thursday, May 1st. This is an increase from iShares 20+ Year Treasury Bond ETF’s previous monthly dividend of $0.33.

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.