Envestnet Portfolio Solutions Inc. Sells 413,069 Shares of iShares 20+ Year Treasury Bond ETF $TLT

Envestnet Portfolio Solutions Inc. reduced its stake in iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) by 45.5% during the second quarter, Holdings Channel.com reports. The fund owned 494,047 shares of the exchange traded fund’s stock after selling 413,069 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in iShares 20+ Year Treasury Bond ETF were worth $43,600,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in TLT. Goldman Sachs Group Inc. lifted its position in shares of iShares 20+ Year Treasury Bond ETF by 200.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 36,052,581 shares of the exchange traded fund’s stock worth $3,281,866,000 after purchasing an additional 71,888,500 shares during the period. Simplex Trading LLC bought a new position in iShares 20+ Year Treasury Bond ETF during the first quarter worth $278,367,000. Aurora Private Wealth Inc. raised its stake in iShares 20+ Year Treasury Bond ETF by 8,040.5% during the first quarter. Aurora Private Wealth Inc. now owns 2,643,962 shares of the exchange traded fund’s stock worth $240,680,000 after buying an additional 2,611,483 shares during the last quarter. Assetmark Inc. lifted its holdings in iShares 20+ Year Treasury Bond ETF by 415.4% in the first quarter. Assetmark Inc. now owns 1,678,685 shares of the exchange traded fund’s stock valued at $152,811,000 after buying an additional 1,352,977 shares during the period. Finally, Eisler Capital Management Ltd. bought a new stake in iShares 20+ Year Treasury Bond ETF during the first quarter valued at $94,839,000. Institutional investors and hedge funds own 73.33% of the company’s stock.

iShares 20+ Year Treasury Bond ETF Trading Up 1.6%

Shares of iShares 20+ Year Treasury Bond ETF stock opened at $90.62 on Monday. The business has a 50-day moving average price of $88.26 and a two-hundred day moving average price of $87.48. iShares 20+ Year Treasury Bond ETF has a 1-year low of $83.29 and a 1-year high of $95.62. The company has a market cap of $49.82 billion, a P/E ratio of -6.75 and a beta of 0.06.

iShares 20+ Year Treasury Bond ETF Cuts Dividend

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