The Manufacturers Life Insurance Company Sells 554,448 Shares of iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT)

The Manufacturers Life Insurance Company lowered its position in shares of iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) by 48.5% during the third quarter, Holdings Channel.com reports. The firm owned 587,569 shares of the exchange traded fund’s stock after selling 554,448 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in iShares 20+ Year Treasury Bond ETF were worth $57,640,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in the company. Divergent Wealth Advisors increased its stake in shares of iShares 20+ Year Treasury Bond ETF by 1.1% during the third quarter. Divergent Wealth Advisors now owns 10,869 shares of the exchange traded fund’s stock worth $1,066,000 after purchasing an additional 117 shares during the period. Trivant Custom Portfolio Group LLC increased its stake in iShares 20+ Year Treasury Bond ETF by 4.0% during the 2nd quarter. Trivant Custom Portfolio Group LLC now owns 3,282 shares of the exchange traded fund’s stock worth $301,000 after acquiring an additional 127 shares during the period. Crewe Advisors LLC increased its stake in iShares 20+ Year Treasury Bond ETF by 22.4% during the 2nd quarter. Crewe Advisors LLC now owns 737 shares of the exchange traded fund’s stock worth $68,000 after acquiring an additional 135 shares during the period. Institute for Wealth Management LLC. increased its stake in iShares 20+ Year Treasury Bond ETF by 3.8% during the 2nd quarter. Institute for Wealth Management LLC. now owns 3,713 shares of the exchange traded fund’s stock worth $341,000 after acquiring an additional 136 shares during the period. Finally, Moser Wealth Advisors LLC increased its stake in iShares 20+ Year Treasury Bond ETF by 0.6% during the 2nd quarter. Moser Wealth Advisors LLC now owns 22,661 shares of the exchange traded fund’s stock worth $2,080,000 after acquiring an additional 136 shares during the period. Institutional investors own 73.32% of the company’s stock.

iShares 20+ Year Treasury Bond ETF Price Performance

iShares 20+ Year Treasury Bond ETF stock opened at $93.01 on Friday. The stock’s fifty day moving average price is $93.66 and its two-hundred day moving average price is $94.29. iShares 20+ Year Treasury Bond ETF has a one year low of $87.34 and a one year high of $101.64. The firm has a market cap of $60.25 billion, a PE ratio of -7.14 and a beta of 0.06.

iShares 20+ Year Treasury Bond ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Wednesday, November 6th. Shareholders of record on Friday, November 1st were paid a dividend of $0.3105 per share. This represents a $3.73 dividend on an annualized basis and a yield of 4.01%. The ex-dividend date of this dividend was Friday, November 1st. This is a positive change from iShares 20+ Year Treasury Bond ETF’s previous monthly dividend of $0.29.

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.