PFG Advisors Trims Stock Position in iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT)

PFG Advisors trimmed its stake in iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) by 0.4% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 42,486 shares of the exchange traded fund’s stock after selling 174 shares during the period. PFG Advisors’ holdings in iShares 20+ Year Treasury Bond ETF were worth $3,710,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Independence Bank of Kentucky acquired a new position in iShares 20+ Year Treasury Bond ETF in the fourth quarter valued at $26,000. Richardson Financial Services Inc. acquired a new stake in shares of iShares 20+ Year Treasury Bond ETF in the 4th quarter valued at about $30,000. New Wave Wealth Advisors LLC purchased a new position in iShares 20+ Year Treasury Bond ETF during the 4th quarter worth approximately $32,000. Van ECK Associates Corp increased its position in iShares 20+ Year Treasury Bond ETF by 82.4% during the fourth quarter. Van ECK Associates Corp now owns 394 shares of the exchange traded fund’s stock worth $34,000 after buying an additional 178 shares during the period. Finally, West Branch Capital LLC lifted its stake in iShares 20+ Year Treasury Bond ETF by 94.9% in the fourth quarter. West Branch Capital LLC now owns 417 shares of the exchange traded fund’s stock valued at $36,000 after buying an additional 203 shares during the last quarter. 73.32% of the stock is owned by hedge funds and other institutional investors.

iShares 20+ Year Treasury Bond ETF Trading Down 0.7 %

TLT stock opened at $90.40 on Wednesday. The company has a market capitalization of $54.95 billion, a P/E ratio of -7.34 and a beta of 0.06. The business has a 50 day simple moving average of $88.54 and a 200-day simple moving average of $92.04. iShares 20+ Year Treasury Bond ETF has a twelve month low of $84.89 and a twelve month high of $101.64.

iShares 20+ Year Treasury Bond ETF Cuts Dividend

The firm also recently declared a dividend, which was paid on Thursday, March 6th. Investors of record on Monday, March 3rd were paid a dividend of $0.2898 per share. The ex-dividend date was Monday, March 3rd.

iShares 20+ Year Treasury Bond ETF 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.