Smart Money Group LLC Lowers Holdings in iShares 20+ Year Treasury Bond ETF $TLT

Smart Money Group LLC trimmed its position in shares of iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) by 16.6% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 27,269 shares of the exchange traded fund’s stock after selling 5,428 shares during the period. iShares 20+ Year Treasury Bond ETF makes up about 0.8% of Smart Money Group LLC’s holdings, making the stock its 15th biggest holding. Smart Money Group LLC’s holdings in iShares 20+ Year Treasury Bond ETF were worth $2,406,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Modera Wealth Management LLC lifted its stake in shares of iShares 20+ Year Treasury Bond ETF by 33.1% in the second quarter. Modera Wealth Management LLC now owns 3,624 shares of the exchange traded fund’s stock worth $320,000 after buying an additional 901 shares in the last quarter. RD Finance Ltd raised its holdings in iShares 20+ Year Treasury Bond ETF by 3.2% in the 2nd quarter. RD Finance Ltd now owns 223,320 shares of the exchange traded fund’s stock worth $19,708,000 after acquiring an additional 6,960 shares during the last quarter. SouthState Corp bought a new position in iShares 20+ Year Treasury Bond ETF in the 2nd quarter valued at approximately $50,000. Able Wealth Management LLC boosted its stake in iShares 20+ Year Treasury Bond ETF by 138.0% during the 2nd quarter. Able Wealth Management LLC now owns 8,784 shares of the exchange traded fund’s stock valued at $775,000 after purchasing an additional 5,093 shares during the last quarter. Finally, Blue Investment Partners LLC boosted its stake in iShares 20+ Year Treasury Bond ETF by 3.2% during the 2nd quarter. Blue Investment Partners LLC now owns 44,507 shares of the exchange traded fund’s stock valued at $3,928,000 after purchasing an additional 1,392 shares during the last quarter. 73.33% of the stock is currently owned by institutional investors.

iShares 20+ Year Treasury Bond ETF Price Performance

TLT stock opened at $89.76 on Friday. iShares 20+ Year Treasury Bond ETF has a 1-year low of $83.29 and a 1-year high of $94.85. The business has a fifty day moving average price of $89.71 and a 200-day moving average price of $87.72. The stock has a market capitalization of $49.17 billion, a P/E ratio of -6.75 and a beta of 0.53.

iShares 20+ Year Treasury Bond ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Thursday, November 6th. Investors of record on Monday, November 3rd were given a dividend of $0.3251 per share. This represents a c) dividend on an annualized basis and a yield of 4.3%. This is a positive change from iShares 20+ Year Treasury Bond ETF’s previous monthly dividend of $0.31. The ex-dividend date was Monday, November 3rd.

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.