Sequoia Financial Advisors LLC Reduces Stock Holdings in iShares 20+ Year Treasury Bond ETF $TLT

Sequoia Financial Advisors LLC lowered its position in iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) by 8.8% in the second quarter, HoldingsChannel reports. The firm owned 2,373 shares of the exchange traded fund’s stock after selling 230 shares during the period. Sequoia Financial Advisors LLC’s holdings in iShares 20+ Year Treasury Bond ETF were worth $209,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Coastline Trust Co purchased a new position in iShares 20+ Year Treasury Bond ETF during the first quarter worth about $32,000. First Pacific Financial purchased a new position in iShares 20+ Year Treasury Bond ETF during the first quarter worth about $38,000. MassMutual Private Wealth & Trust FSB boosted its stake in iShares 20+ Year Treasury Bond ETF by 38.4% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 465 shares of the exchange traded fund’s stock worth $41,000 after buying an additional 129 shares during the period. Rossby Financial LCC purchased a new position in iShares 20+ Year Treasury Bond ETF during the first quarter worth about $51,000. Finally, Harbor Investment Advisory LLC boosted its stake in iShares 20+ Year Treasury Bond ETF by 1,477.5% during the second quarter. Harbor Investment Advisory LLC now owns 631 shares of the exchange traded fund’s stock worth $56,000 after buying an additional 591 shares during the period. Hedge funds and other institutional investors own 73.33% of the company’s stock.

iShares 20+ Year Treasury Bond ETF Price Performance

Shares of TLT stock opened at $91.43 on Friday. The firm has a market cap of $49.87 billion, a PE ratio of -6.75 and a beta of 0.06. The company has a 50-day moving average of $88.93 and a two-hundred day moving average of $87.53. iShares 20+ Year Treasury Bond ETF has a 1-year low of $83.29 and a 1-year high of $94.85.

iShares 20+ Year Treasury Bond ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Monday, October 6th. Shareholders of record on Wednesday, October 1st were paid a dividend of $0.3104 per share. This represents a c) annualized dividend and a yield of 4.1%. The ex-dividend date of this dividend was Wednesday, October 1st.

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.