PMV Capital Advisers LLC Trims Holdings in iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT)

PMV Capital Advisers LLC trimmed its stake in iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) by 28.7% in the 1st quarter, Holdings Channel.com reports. The firm owned 17,565 shares of the exchange traded fund’s stock after selling 7,085 shares during the period. iShares 20+ Year Treasury Bond ETF comprises approximately 3.9% of PMV Capital Advisers LLC’s holdings, making the stock its 8th largest position. PMV Capital Advisers LLC’s holdings in iShares 20+ Year Treasury Bond ETF were worth $1,599,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of TLT. NBC Securities Inc. bought a new stake in shares of iShares 20+ Year Treasury Bond ETF in the 1st quarter worth about $25,000. Byrne Asset Management LLC purchased a new stake in iShares 20+ Year Treasury Bond ETF in the 1st quarter worth about $26,000. Proathlete Wealth Management LLC purchased a new stake in iShares 20+ Year Treasury Bond ETF in the 1st quarter worth about $28,000. Van ECK Associates Corp lifted its stake in iShares 20+ Year Treasury Bond ETF by 82.4% in the fourth quarter. Van ECK Associates Corp now owns 394 shares of the exchange traded fund’s stock worth $34,000 after purchasing an additional 178 shares during the last quarter. Finally, Highline Wealth Partners LLC purchased a new position in shares of iShares 20+ Year Treasury Bond ETF during the first quarter valued at approximately $41,000. 73.32% of the stock is owned by institutional investors.

iShares 20+ Year Treasury Bond ETF Stock Performance

TLT opened at $87.40 on Wednesday. The stock’s 50 day moving average price is $86.60 and its 200-day moving average price is $88.20. iShares 20+ Year Treasury Bond ETF has a one year low of $83.30 and a one year high of $101.64. The stock has a market cap of $47.29 billion, a price-to-earnings ratio of -6.75 and a beta of 0.06.

iShares 20+ Year Treasury Bond ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Thursday, June 5th. Shareholders of record on Monday, June 2nd were given a $0.3195 dividend. This represents a $3.83 annualized dividend and a yield of 4.39%. The ex-dividend date was Monday, June 2nd.

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.