Pinnacle Investment Management Ltd Sells 55,500 Shares of iShares 20+ Year Treasury Bond ETF $TLT

Pinnacle Investment Management Ltd cut its position in shares of iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) by 92.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,500 shares of the exchange traded fund’s stock after selling 55,500 shares during the period. iShares 20+ Year Treasury Bond ETF accounts for 2.3% of Pinnacle Investment Management Ltd’s portfolio, making the stock its 7th largest holding. Pinnacle Investment Management Ltd’s holdings in iShares 20+ Year Treasury Bond ETF were worth $397,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of TLT. NBC Securities Inc. acquired a new position in iShares 20+ Year Treasury Bond ETF during the first quarter worth approximately $25,000. Byrne Asset Management LLC acquired a new position in shares of iShares 20+ Year Treasury Bond ETF during the 1st quarter worth approximately $26,000. Proathlete Wealth Management LLC acquired a new position in shares of iShares 20+ Year Treasury Bond ETF during the 1st quarter worth approximately $28,000. Coastline Trust Co acquired a new position in shares of iShares 20+ Year Treasury Bond ETF during the 1st quarter worth approximately $32,000. Finally, First Pacific Financial acquired a new position in shares of iShares 20+ Year Treasury Bond ETF during the 1st quarter worth approximately $38,000. 73.33% of the stock is currently owned by institutional investors and hedge funds.

iShares 20+ Year Treasury Bond ETF Price Performance

NASDAQ:TLT opened at $89.29 on Thursday. iShares 20+ Year Treasury Bond ETF has a one year low of $83.29 and a one year high of $97.73. The company has a market cap of $49.92 billion, a P/E ratio of -6.75 and a beta of 0.06. The firm’s fifty day moving average price is $87.89 and its two-hundred day moving average price is $87.56.

iShares 20+ Year Treasury Bond ETF Cuts Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, October 6th. Stockholders of record on Wednesday, October 1st will be given a $0.3104 dividend. The ex-dividend date of this dividend is Wednesday, October 1st. This represents a c) annualized dividend and a dividend yield of 4.2%.

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.