CI Investments Inc. Sells 165,499 Shares of iShares 20+ Year Treasury Bond ETF $TLT

CI Investments Inc. reduced its position in shares of iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) by 94.0% in the first quarter, Holdings Channel reports. The fund owned 10,555 shares of the exchange traded fund’s stock after selling 165,499 shares during the quarter. CI Investments Inc.’s holdings in iShares 20+ Year Treasury Bond ETF were worth $915,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of TLT. Gunpowder Capital Management LLC dba Oliver Wealth Management purchased a new stake in iShares 20+ Year Treasury Bond ETF during the fourth quarter valued at $31,000. Summer Road LLC increased its holdings in shares of iShares 20+ Year Treasury Bond ETF by 117.6% in the 1st quarter. Summer Road LLC now owns 370 shares of the exchange traded fund’s stock worth $32,000 after buying an additional 200 shares during the last quarter. Trust Co. of Vermont raised its position in shares of iShares 20+ Year Treasury Bond ETF by 90.5% during the 4th quarter. Trust Co. of Vermont now owns 381 shares of the exchange traded fund’s stock valued at $33,000 after buying an additional 181 shares in the last quarter. Stone House Investment Management LLC lifted its holdings in shares of iShares 20+ Year Treasury Bond ETF by 1,066.7% in the 4th quarter. Stone House Investment Management LLC now owns 385 shares of the exchange traded fund’s stock valued at $34,000 after acquiring an additional 352 shares during the last quarter. Finally, Albion Financial Group UT bought a new position in shares of iShares 20+ Year Treasury Bond ETF in the 4th quarter valued at about $36,000. 73.33% of the stock is owned by hedge funds and other institutional investors.

iShares 20+ Year Treasury Bond ETF Price Performance

Shares of TLT stock opened at $83.25 on Friday. The company has a market cap of $41.83 billion, a PE ratio of -6.75 and a beta of 0.51. iShares 20+ Year Treasury Bond ETF has a 1 year low of $82.77 and a 1 year high of $92.18. The stock’s 50 day simple moving average is $85.15 and its two-hundred day simple moving average is $86.59.

iShares 20+ Year Treasury Bond ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Tuesday, July 7th. Shareholders of record on Wednesday, July 1st were paid a dividend of $0.318 per share. This represents a c) annualized dividend and a yield of 4.6%. The ex-dividend date of this dividend was Wednesday, July 1st.

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. The Underlying Index includes all publicly-issued the United States Treasury securities that have a remaining maturity of greater than or equal to 20 years.