PNC Financial Services Group Inc. Reduces Position in iShares 20+ Year Treasury Bond ETF $TLT

PNC Financial Services Group Inc. lowered its stake in iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) by 3.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 317,709 shares of the exchange traded fund’s stock after selling 10,237 shares during the period. PNC Financial Services Group Inc. owned 0.06% of iShares 20+ Year Treasury Bond ETF worth $27,542,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in TLT. CPR Investments Inc. boosted its holdings in iShares 20+ Year Treasury Bond ETF by 164.4% in the fourth quarter. CPR Investments Inc. now owns 76,780 shares of the exchange traded fund’s stock valued at $6,692,000 after purchasing an additional 47,741 shares during the last quarter. Affinity Wealth Management LLC grew its position in iShares 20+ Year Treasury Bond ETF by 2.6% during the 4th quarter. Affinity Wealth Management LLC now owns 289,870 shares of the exchange traded fund’s stock worth $25,265,000 after purchasing an additional 7,325 shares during the period. Caldwell Trust Co raised its stake in shares of iShares 20+ Year Treasury Bond ETF by 1,038.7% during the 4th quarter. Caldwell Trust Co now owns 6,627 shares of the exchange traded fund’s stock valued at $578,000 after buying an additional 6,045 shares during the last quarter. Sanctuary Advisors LLC raised its stake in shares of iShares 20+ Year Treasury Bond ETF by 15.1% during the 4th quarter. Sanctuary Advisors LLC now owns 244,123 shares of the exchange traded fund’s stock valued at $21,278,000 after buying an additional 31,983 shares during the last quarter. Finally, Archford Capital Strategies LLC acquired a new position in shares of iShares 20+ Year Treasury Bond ETF in the 4th quarter valued at about $2,226,000. Hedge funds and other institutional investors own 73.33% of the company’s stock.

iShares 20+ Year Treasury Bond ETF Stock Up 0.1%

Shares of TLT opened at $83.25 on Friday. iShares 20+ Year Treasury Bond ETF has a 52 week low of $82.77 and a 52 week high of $92.18. The company has a market capitalization of $41.83 billion, a price-to-earnings ratio of -6.75 and a beta of 0.51. The stock’s 50-day moving average price is $85.15 and its 200-day moving average price is $86.59.

iShares 20+ Year Treasury Bond ETF Cuts Dividend

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

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.