Mechanics Bank Trust Department Cuts Holdings in iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT)

Mechanics Bank Trust Department reduced its position in shares of iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) by 25.3% during the 4th quarter, HoldingsChannel reports. The fund owned 72,212 shares of the exchange traded fund’s stock after selling 24,463 shares during the period. Mechanics Bank Trust Department’s holdings in iShares 20+ Year Treasury Bond ETF were worth $6,306,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. raised its position in iShares 20+ Year Treasury Bond ETF by 2,810.7% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 32,622,890 shares of the exchange traded fund’s stock worth $2,994,131,000 after acquiring an additional 31,502,110 shares during the period. Assetmark Inc. increased its stake in shares of iShares 20+ Year Treasury Bond ETF by 3,121.7% during the third quarter. Assetmark Inc. now owns 4,461,161 shares of the exchange traded fund’s stock worth $437,640,000 after purchasing an additional 4,322,688 shares in the last quarter. Mackenzie Financial Corp raised its position in shares of iShares 20+ Year Treasury Bond ETF by 5.4% during the 2nd quarter. Mackenzie Financial Corp now owns 3,059,000 shares of the exchange traded fund’s stock worth $280,755,000 after purchasing an additional 155,900 shares during the last quarter. Harvest Portfolios Group Inc. lifted its stake in iShares 20+ Year Treasury Bond ETF by 33.0% in the 3rd quarter. Harvest Portfolios Group Inc. now owns 2,753,709 shares of the exchange traded fund’s stock valued at $270,139,000 after buying an additional 683,915 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. boosted its holdings in iShares 20+ Year Treasury Bond ETF by 51.9% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,075,806 shares of the exchange traded fund’s stock worth $204,612,000 after buying an additional 709,409 shares during the last quarter. 73.32% of the stock is currently owned by institutional investors and hedge funds.

iShares 20+ Year Treasury Bond ETF Trading Up 0.2 %

NASDAQ:TLT opened at $87.19 on Monday. The stock has a 50 day moving average of $89.67 and a two-hundred day moving average of $93.54. iShares 20+ Year Treasury Bond ETF has a 12 month low of $84.89 and a 12 month high of $101.64. The firm has a market cap of $51.62 billion, a P/E ratio of -7.14 and a beta of 0.06.

iShares 20+ Year Treasury Bond ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Monday, December 23rd. Investors of record on Wednesday, December 18th were paid a $0.351 dividend. This is an increase from iShares 20+ Year Treasury Bond ETF’s previous monthly dividend of $0.31. This represents a $4.21 annualized dividend and a yield of 4.83%. The ex-dividend date was Wednesday, December 18th.

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.