Sowell Financial Services LLC Sells 100,605 Shares of iShares 20+ Year Treasury Bond ETF $TLT

Sowell Financial Services LLC lessened its stake in iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) by 61.4% in the third quarter, Holdings Channel.com reports. The institutional investor owned 63,214 shares of the exchange traded fund’s stock after selling 100,605 shares during the quarter. Sowell Financial Services LLC’s holdings in iShares 20+ Year Treasury Bond ETF were worth $4,917,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Envestnet Asset Management Inc. increased its holdings in shares of iShares 20+ Year Treasury Bond ETF by 18.3% in the 2nd quarter. Envestnet Asset Management Inc. now owns 5,550,822 shares of the exchange traded fund’s stock worth $479,702,000 after buying an additional 860,164 shares during the last quarter. Aozora Bank LTD. purchased a new stake in shares of iShares 20+ Year Treasury Bond ETF during the 2nd quarter valued at $198,507,000. The Manufacturers Life Insurance Company lifted its holdings in shares of iShares 20+ Year Treasury Bond ETF by 141.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,311,965 shares of the exchange traded fund’s stock worth $113,380,000 after acquiring an additional 769,615 shares during the last quarter. HighTower Advisors LLC lifted its holdings in shares of iShares 20+ Year Treasury Bond ETF by 30.1% during the 2nd quarter. HighTower Advisors LLC now owns 1,052,408 shares of the exchange traded fund’s stock worth $90,949,000 after acquiring an additional 243,793 shares during the last quarter. Finally, State Street Corp lifted its holdings in shares of iShares 20+ Year Treasury Bond ETF by 34.1% during the 2nd quarter. State Street Corp now owns 739,553 shares of the exchange traded fund’s stock worth $63,912,000 after acquiring an additional 188,174 shares during the last quarter. Hedge funds and other institutional investors own 73.33% of the company’s stock.

iShares 20+ Year Treasury Bond ETF Stock Performance

Shares of NASDAQ:TLT opened at $80.24 on Thursday. iShares 20+ Year Treasury Bond ETF has a 52-week low of $76.43 and a 52-week high of $92.18. The firm has a fifty day moving average of $80.59 and a 200 day moving average of $83.53. The firm has a market capitalization of $46.92 billion, a PE ratio of -6.75 and a beta of 0.52.

iShares 20+ Year Treasury Bond ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Tuesday, October 6th. Shareholders of record on Thursday, October 1st were given a dividend of $0.3116 per share. The ex-dividend date was Thursday, October 1st. This is a negative change from iShares 20+ Year Treasury Bond ETF’s previous monthly dividend of $0.3147. This represents a $3.74 dividend on an annualized basis and a yield of 4.7%.

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.