Janney Montgomery Scott LLC Cuts Stock Position in iShares 20+ Year Treasury Bond ETF $TLT

Janney Montgomery Scott LLC lowered its stake in shares of iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) by 3.9% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 1,413,633 shares of the exchange traded fund’s stock after selling 56,674 shares during the period. Janney Montgomery Scott LLC’s holdings in iShares 20+ Year Treasury Bond ETF were worth $122,548,000 as of its most recent filing with the SEC.

A number of other large investors have also added to or reduced their stakes in TLT. Bank of America Corp DE boosted its stake in iShares 20+ Year Treasury Bond ETF by 10.5% in the fourth quarter. Bank of America Corp DE now owns 109,057,503 shares of the exchange traded fund’s stock valued at $9,505,452,000 after acquiring an additional 10,380,437 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in shares of iShares 20+ Year Treasury Bond ETF by 3.4% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 43,140,136 shares of the exchange traded fund’s stock worth $3,760,094,000 after purchasing an additional 1,418,641 shares during the last quarter. Morgan Stanley raised its holdings in shares of iShares 20+ Year Treasury Bond ETF by 31.3% in the 4th quarter. Morgan Stanley now owns 19,186,986 shares of the exchange traded fund’s stock worth $1,672,338,000 after purchasing an additional 4,577,906 shares during the period. JPMorgan Chase & Co. raised its holdings in shares of iShares 20+ Year Treasury Bond ETF by 125.5% in the 4th quarter. JPMorgan Chase & Co. now owns 8,997,581 shares of the exchange traded fund’s stock worth $784,229,000 after purchasing an additional 44,234,543 shares during the period. Finally, Harvest Portfolios Group Inc. lifted its stake in iShares 20+ Year Treasury Bond ETF by 0.9% in the third quarter. Harvest Portfolios Group Inc. now owns 3,535,387 shares of the exchange traded fund’s stock valued at $315,958,000 after purchasing an additional 33,088 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 Trading Up 0.0%

iShares 20+ Year Treasury Bond ETF stock opened at $87.36 on Friday. The business’s 50 day simple moving average is $85.67 and its 200 day simple moving average is $87.03. iShares 20+ Year Treasury Bond ETF has a 12 month low of $82.77 and a 12 month high of $92.18. The company has a market cap of $43.47 billion, a price-to-earnings ratio of -6.75 and a beta of 0.52.

iShares 20+ Year Treasury Bond ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Thursday, June 4th. Stockholders of record on Monday, June 1st were given a dividend of $0.3358 per share. The ex-dividend date of this dividend was Monday, June 1st. This represents a c) dividend on an annualized basis and a dividend yield of 4.6%. This is a boost from iShares 20+ Year Treasury Bond ETF’s previous monthly dividend of $0.32.

About iShares 20+ Year Treasury Bond ETF

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.