Checchi Capital Advisers LLC Trims Stock Position in iShares 20+ Year Treasury Bond ETF $TLT

Checchi Capital Advisers LLC reduced its position in shares of iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) by 43.1% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 86,418 shares of the exchange traded fund’s stock after selling 65,484 shares during the period. Checchi Capital Advisers LLC’s holdings in iShares 20+ Year Treasury Bond ETF were worth $7,626,000 at the end of the most recent quarter.

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

iShares 20+ Year Treasury Bond ETF Price Performance

TLT stock opened at $89.38 on Friday. iShares 20+ Year Treasury Bond ETF has a one year low of $83.29 and a one year high of $95.96. The firm has a 50 day simple moving average of $88.02 and a two-hundred day simple moving average of $87.51. The stock has a market cap of $48.84 billion, a PE ratio of -6.75 and a beta of 0.06.

iShares 20+ Year Treasury Bond ETF Cuts Dividend

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

iShares 20+ Year Treasury Bond ETF Company 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.