Boltwood Capital Management Cuts Stock Position in iShares 20+ Year Treasury Bond ETF $TLT

Boltwood Capital Management trimmed its holdings in shares of iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) by 83.1% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 17,709 shares of the exchange traded fund’s stock after selling 87,150 shares during the quarter. Boltwood Capital Management’s holdings in iShares 20+ Year Treasury Bond ETF were worth $1,377,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of TLT. Versant Capital Management Inc increased its position in shares of iShares 20+ Year Treasury Bond ETF by 1,126.1% during the third quarter. Versant Capital Management Inc now owns 564 shares of the exchange traded fund’s stock worth $44,000 after acquiring an additional 518 shares in the last quarter. Envestnet Portfolio Solutions Inc. raised its holdings in shares of iShares 20+ Year Treasury Bond ETF by 2,830.0% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 685,649 shares of the exchange traded fund’s stock worth $59,254,000 after acquiring an additional 662,248 shares during the period. Envestnet Asset Management Inc. lifted its position in iShares 20+ Year Treasury Bond ETF by 18.3% in the 2nd quarter. Envestnet Asset Management Inc. now owns 5,550,822 shares of the exchange traded fund’s stock valued at $479,702,000 after acquiring an additional 860,164 shares in the last quarter. State Street Corp lifted its position in iShares 20+ Year Treasury Bond ETF by 34.1% in the 2nd quarter. State Street Corp now owns 739,553 shares of the exchange traded fund’s stock valued at $63,912,000 after acquiring an additional 188,174 shares in the last quarter. Finally, Core Capital Management & Research inc. acquired a new position in iShares 20+ Year Treasury Bond ETF in the 2nd quarter worth $53,000. 73.33% of the stock is currently owned by institutional investors and hedge funds.

Key iShares 20+ Year Treasury Bond ETF News

Here are the key news stories impacting iShares 20+ Year Treasury Bond ETF this week:

• Positive Sentiment: A cooler-than-expected August PCE inflation reading helped push Treasury yields lower from recent highs. If the decline in yields continues, it could support TLT because prices of its long-maturity Treasury holdings generally rise when yields fall. Navigating Fixed Income Duration as Treasury Yields Retreat
• Positive Sentiment: Heavy inflows into TLT suggest some investors are using the fund to position for eventual lower rates or to seek income at depressed prices. However, inflows have not yet offset the effect of falling bond prices. TLT ETF analysis: US Treasury yields and inflows jump
• Neutral Sentiment: Unusually large call-option buying indicates that some traders are positioning for a rebound in TLT, but options activity is speculative and does not guarantee a change in the broader trend. Traders Buy Large Volume of Call Options on TLT
• Negative Sentiment: A broader global bond selloff continues, with borrowing costs rising in parts of Europe. Higher long-term yields reduce the market value of TLT’s existing bonds and remain the primary reason the ETF has weakened. Global Bond Rout Continues Even as 10-Year Treasury Yield Eases
• Negative Sentiment: Persistent oil and fuel-supply risks are keeping energy prices elevated, raising concerns about renewed inflation and delaying interest-rate cuts. That environment can push long-term yields higher and further pressure TLT. The Bond Rout Is Deepening
• Negative Sentiment: TLT’s latest monthly distribution was reduced to $0.3116 per share from $0.3147, a modest negative for income-focused investors. The fund also traded ex-dividend on October 1, which can create mechanical downward pressure around the distribution date. TLT To Go Ex-Dividend on October 1st

iShares 20+ Year Treasury Bond ETF Price Performance

TLT stock traded down $0.23 during trading hours on Friday, reaching $77.48. 61,331,637 shares of the stock were exchanged, compared to its average volume of 33,700,680. The firm’s 50-day moving average is $81.76 and its 200-day moving average is $84.32. The company has a market cap of $45.57 billion, a price-to-earnings ratio of -6.75 and a beta of 0.51. iShares 20+ Year Treasury Bond ETF has a 12 month low of $76.76 and a 12 month high of $92.18.

iShares 20+ Year Treasury Bond ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, October 6th. Stockholders of record on Thursday, October 1st will be given a dividend of $0.3116 per share. This is a decrease from iShares 20+ Year Treasury Bond ETF’s previous monthly dividend of $0.3147. This represents a $3.74 annualized dividend and a dividend yield of 4.8%. The ex-dividend date of this dividend is Thursday, 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. 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.