Robertson Stephens Wealth Management LLC Cuts Holdings in iShares 20+ Year Treasury Bond ETF $TLT

Robertson Stephens Wealth Management LLC trimmed its holdings in shares of iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) by 33.5% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 12,764 shares of the exchange traded fund’s stock after selling 6,434 shares during the quarter. Robertson Stephens Wealth Management LLC’s holdings in iShares 20+ Year Treasury Bond ETF were worth $1,126,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. NBC Securities Inc. purchased a new position in iShares 20+ Year Treasury Bond ETF during the first quarter valued at approximately $25,000. Byrne Asset Management LLC purchased a new position in iShares 20+ Year Treasury Bond ETF during the first quarter valued at approximately $26,000. Proathlete Wealth Management LLC purchased a new position in iShares 20+ Year Treasury Bond ETF during the first quarter valued at approximately $28,000. Coastline Trust Co purchased a new position in iShares 20+ Year Treasury Bond ETF in the first quarter worth $32,000. Finally, First Pacific Financial purchased a new position in iShares 20+ Year Treasury Bond ETF in the first quarter worth $38,000. 73.33% of the stock is owned by hedge funds and other institutional investors.

iShares 20+ Year Treasury Bond ETF Trading Up 1.6%

NASDAQ TLT opened at $90.62 on Friday. The firm’s fifty day simple moving average is $88.26 and its two-hundred day simple moving average is $87.50. iShares 20+ Year Treasury Bond ETF has a 12-month low of $83.29 and a 12-month high of $95.62. The firm has a market capitalization of $49.30 billion, a P/E ratio of -6.75 and a beta of 0.06.

iShares 20+ Year Treasury Bond ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Monday, October 6th. Shareholders of record on Wednesday, October 1st were issued a $0.3104 dividend. This represents a c) annualized dividend and a yield of 4.1%. The ex-dividend date of this dividend was Wednesday, October 1st.

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.