iShares 20+ Year Treasury Bond ETF $TLT Shares Sold by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. decreased its position in shares of iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) by 12.1% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 38,995,705 shares of the exchange traded fund’s stock after selling 5,384,687 shares during the quarter. iShares 20+ Year Treasury Bond ETF accounts for about 1.8% of Northwestern Mutual Wealth Management Co.’s holdings, making the stock its 13th biggest holding. Northwestern Mutual Wealth Management Co. owned 0.08% of iShares 20+ Year Treasury Bond ETF worth $3,370,009,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. JPMorgan Chase & Co. grew its position in shares of iShares 20+ Year Treasury Bond ETF by 125.5% in the fourth quarter. JPMorgan Chase & Co. now owns 8,997,581 shares of the exchange traded fund’s stock valued at $784,229,000 after purchasing an additional 44,234,543 shares during the last quarter. Bank of America Corp DE raised its stake in iShares 20+ Year Treasury Bond ETF by 10.5% during the 4th 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 purchasing an additional 10,380,437 shares during the last quarter. Morgan Stanley raised its stake in iShares 20+ Year Treasury Bond ETF by 31.3% during the 4th quarter. Morgan Stanley now owns 19,186,986 shares of the exchange traded fund’s stock valued at $1,672,338,000 after purchasing an additional 4,577,906 shares during the last quarter. Pureheart Capital Pte Ltd. bought a new stake in iShares 20+ Year Treasury Bond ETF in the 4th quarter valued at $292,683,000. Finally, Aozora Bank LTD. acquired a new stake in iShares 20+ Year Treasury Bond ETF in the 2nd quarter worth $198,507,000. 73.33% of the stock is owned by institutional investors.

iShares 20+ Year Treasury Bond ETF Stock Performance

NASDAQ:TLT opened at $82.52 on Tuesday. The firm’s 50-day moving average is $83.78 and its 200-day moving average is $85.68. The company has a market cap of $41.57 billion, a price-to-earnings ratio of -6.75 and a beta of 0.51. iShares 20+ Year Treasury Bond ETF has a 52-week low of $81.17 and a 52-week high of $92.18.

iShares 20+ Year Treasury Bond ETF Cuts Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, September 4th. Shareholders of record on Tuesday, September 1st will be issued a $0.3147 dividend. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a c) annualized dividend and a yield of 4.6%.

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.