Redwood Wealth Management Group LLC Reduces Holdings in iShares 20+ Year Treasury Bond ETF $TLT

Redwood Wealth Management Group LLC lowered its position in shares of iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) by 18.5% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 25,650 shares of the exchange traded fund’s stock after selling 5,813 shares during the period. iShares 20+ Year Treasury Bond ETF comprises about 1.0% of Redwood Wealth Management Group LLC’s holdings, making the stock its 28th largest position. Redwood Wealth Management Group LLC’s holdings in iShares 20+ Year Treasury Bond ETF were worth $2,224,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Brighton Jones LLC increased its holdings in shares of iShares 20+ Year Treasury Bond ETF by 28.0% in the 4th quarter. Brighton Jones LLC now owns 2,747 shares of the exchange traded fund’s stock valued at $240,000 after acquiring an additional 601 shares during the period. Capstone Wealth Management Group LLC increased its stake in iShares 20+ Year Treasury Bond ETF by 409.3% in the first quarter. Capstone Wealth Management Group LLC now owns 50,847 shares of the exchange traded fund’s stock valued at $4,629,000 after purchasing an additional 40,863 shares during the period. Russell Investments Group Ltd. raised its holdings in shares of iShares 20+ Year Treasury Bond ETF by 520.4% in the second quarter. Russell Investments Group Ltd. now owns 608 shares of the exchange traded fund’s stock valued at $54,000 after buying an additional 510 shares during the last quarter. The Manufacturers Life Insurance Company raised its holdings in shares of iShares 20+ Year Treasury Bond ETF by 28.7% in the second quarter. The Manufacturers Life Insurance Company now owns 808,479 shares of the exchange traded fund’s stock valued at $71,348,000 after buying an additional 180,073 shares during the last quarter. Finally, Alliancebernstein L.P. boosted its stake in shares of iShares 20+ Year Treasury Bond ETF by 2.3% during the second quarter. Alliancebernstein L.P. now owns 2,814,624 shares of the exchange traded fund’s stock worth $248,391,000 after buying an additional 63,442 shares during the period. 73.33% of the stock is owned by hedge funds and other institutional investors.

iShares 20+ Year Treasury Bond ETF Stock Down 1.2%

NASDAQ TLT opened at $86.42 on Wednesday. iShares 20+ Year Treasury Bond ETF has a 52-week low of $82.77 and a 52-week high of $92.18. The business’s 50-day moving average price is $85.68 and its 200 day moving average price is $87.01. The firm has a market cap of $43.00 billion, a P/E ratio of -6.75 and a beta of 0.52.

iShares 20+ Year Treasury Bond ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Thursday, June 4th. Shareholders of record on Monday, June 1st were given a dividend of $0.3358 per share. This represents a c) dividend on an annualized basis and a yield of 4.7%. The ex-dividend date of this dividend was Monday, June 1st. This is a positive change from iShares 20+ Year Treasury Bond ETF’s previous monthly dividend of $0.32.

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. The Underlying Index includes all publicly-issued the United States Treasury securities that have a remaining maturity of greater than or equal to 20 years.