TSA Wealth Managment LLC Sells 37,728 Shares of iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT)

TSA Wealth Managment LLC lessened its stake in shares of iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) by 81.0% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 8,877 shares of the exchange traded fund’s stock after selling 37,728 shares during the period. TSA Wealth Managment LLC’s holdings in iShares 20+ Year Treasury Bond ETF were worth $808,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Envestnet Asset Management Inc. lifted its position in shares of iShares 20+ Year Treasury Bond ETF by 1.9% during the 4th quarter. Envestnet Asset Management Inc. now owns 15,956,950 shares of the exchange traded fund’s stock worth $1,393,520,000 after buying an additional 298,003 shares during the period. FMR LLC lifted its position in shares of iShares 20+ Year Treasury Bond ETF by 24.3% during the 4th quarter. FMR LLC now owns 7,274,989 shares of the exchange traded fund’s stock worth $635,325,000 after buying an additional 1,421,699 shares during the period. LPL Financial LLC lifted its position in shares of iShares 20+ Year Treasury Bond ETF by 4.1% during the 4th quarter. LPL Financial LLC now owns 6,035,096 shares of the exchange traded fund’s stock worth $527,045,000 after buying an additional 235,504 shares during the period. Capula Management Ltd bought a new position in iShares 20+ Year Treasury Bond ETF in the 4th quarter valued at $455,550,000. Finally, Mackenzie Financial Corp raised its position in iShares 20+ Year Treasury Bond ETF by 0.9% in the 4th quarter. Mackenzie Financial Corp now owns 3,911,300 shares of the exchange traded fund’s stock valued at $341,574,000 after purchasing an additional 35,500 shares during the last quarter. Institutional investors own 73.32% of the company’s stock.

iShares 20+ Year Treasury Bond ETF Stock Performance

Shares of TLT opened at $87.51 on Thursday. The stock has a fifty day moving average price of $86.58 and a two-hundred day moving average price of $88.20. iShares 20+ Year Treasury Bond ETF has a 52-week low of $83.30 and a 52-week high of $101.64. The company has a market cap of $47.35 billion, a price-to-earnings ratio of -6.75 and a beta of 0.06.

iShares 20+ Year Treasury Bond ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Thursday, June 5th. Shareholders of record on Monday, June 2nd were given a $0.3195 dividend. The ex-dividend date was Monday, June 2nd. This represents a $3.83 annualized dividend and a yield of 4.38%.

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.