Sunbelt Securities Inc. Sells 46,743 Shares of iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT)

Sunbelt Securities Inc. lessened its stake in iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) by 78.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 12,521 shares of the exchange traded fund’s stock after selling 46,743 shares during the quarter. Sunbelt Securities Inc.’s holdings in iShares 20+ Year Treasury Bond ETF were worth $1,099,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Fourth Dimension Wealth LLC purchased a new stake in iShares 20+ Year Treasury Bond ETF in the fourth quarter worth $203,000. Pettinga Financial Advisors LLC grew its stake in shares of iShares 20+ Year Treasury Bond ETF by 5.7% during the 4th quarter. Pettinga Financial Advisors LLC now owns 44,077 shares of the exchange traded fund’s stock worth $3,849,000 after acquiring an additional 2,373 shares during the period. Retirement Planning Group LLC purchased a new stake in iShares 20+ Year Treasury Bond ETF in the 4th quarter worth about $310,000. Headinvest LLC raised its stake in iShares 20+ Year Treasury Bond ETF by 3.2% in the 4th quarter. Headinvest LLC now owns 10,607 shares of the exchange traded fund’s stock valued at $926,000 after acquiring an additional 330 shares during the period. Finally, Pinnacle Investment Management Ltd purchased a new stake in iShares 20+ Year Treasury Bond ETF during the fourth quarter valued at about $2,620,000. Institutional investors own 73.32% of the company’s stock.

iShares 20+ Year Treasury Bond ETF Stock Up 0.2%

Shares of NASDAQ:TLT opened at $84.55 on Friday. The firm has a market capitalization of $45.75 billion, a PE ratio of -6.91 and a beta of 0.06. The company has a 50-day moving average price of $88.19 and a two-hundred day moving average price of $89.11. iShares 20+ Year Treasury Bond ETF has a twelve month low of $83.30 and a twelve month high of $101.64.

iShares 20+ Year Treasury Bond ETF Increases Dividend

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

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.