Summit Global Investments Trims Position in iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT)

Summit Global Investments cut its position in iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) by 89.2% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 16,283 shares of the exchange traded fund’s stock after selling 134,789 shares during the period. Summit Global Investments’ holdings in iShares 20+ Year Treasury Bond ETF were worth $1,482,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of TLT. Hazlett Burt & Watson Inc. lifted its stake in iShares 20+ Year Treasury Bond ETF by 4.9% in the fourth quarter. Hazlett Burt & Watson Inc. now owns 2,446 shares of the exchange traded fund’s stock worth $214,000 after acquiring an additional 115 shares during the period. Southeast Asset Advisors LLC grew its stake in iShares 20+ Year Treasury Bond ETF by 1.1% in the 4th quarter. Southeast Asset Advisors LLC now owns 11,094 shares of the exchange traded fund’s stock valued at $969,000 after acquiring an additional 119 shares during the period. Main Street Group LTD grew its stake in iShares 20+ Year Treasury Bond ETF by 16.0% in the 4th quarter. Main Street Group LTD now owns 872 shares of the exchange traded fund’s stock valued at $76,000 after acquiring an additional 120 shares during the period. Hollencrest Capital Management grew its stake in iShares 20+ Year Treasury Bond ETF by 0.9% in the 4th quarter. Hollencrest Capital Management now owns 14,419 shares of the exchange traded fund’s stock valued at $1,259,000 after acquiring an additional 122 shares during the period. Finally, Islay Capital Management LLC grew its stake in iShares 20+ Year Treasury Bond ETF by 3.9% in the 4th quarter. Islay Capital Management LLC now owns 3,392 shares of the exchange traded fund’s stock valued at $296,000 after acquiring an additional 126 shares during the period. Hedge funds and other institutional investors own 73.32% of the company’s stock.

iShares 20+ Year Treasury Bond ETF Stock Performance

iShares 20+ Year Treasury Bond ETF stock opened at $86.10 on Friday. The company’s fifty day moving average price is $87.69 and its 200 day moving average price is $88.92. iShares 20+ Year Treasury Bond ETF has a 1 year low of $83.30 and a 1 year high of $101.64. The stock has a market capitalization of $46.59 billion, a P/E ratio of -6.91 and a beta of 0.06.

iShares 20+ Year Treasury Bond ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Tuesday, May 6th. Shareholders of record on Thursday, May 1st were paid a dividend of $0.3276 per share. This represents a $3.93 annualized dividend and a yield of 4.57%. The ex-dividend date was Thursday, May 1st. This is a boost from iShares 20+ Year Treasury Bond ETF’s previous monthly dividend of $0.33.

iShares 20+ Year Treasury Bond ETF Company 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.