Global Wealth Strategies & Associates Sells 7,496 Shares of iShares 20+ Year Treasury Bond ETF $TLT

Global Wealth Strategies & Associates lowered its stake in iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) by 48.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,918 shares of the exchange traded fund’s stock after selling 7,496 shares during the period. Global Wealth Strategies & Associates’ holdings in iShares 20+ Year Treasury Bond ETF were worth $684,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. VectorGlobal IAG Inc. purchased a new stake in iShares 20+ Year Treasury Bond ETF during the 1st quarter valued at about $232,000. Ravenstone Capital Management Inc. grew its position in iShares 20+ Year Treasury Bond ETF by 7.7% during the 1st quarter. Ravenstone Capital Management Inc. now owns 18,186 shares of the exchange traded fund’s stock worth $1,577,000 after acquiring an additional 1,300 shares during the last quarter. Redwood Investment Management LLC increased its stake in iShares 20+ Year Treasury Bond ETF by 20.3% in the 1st quarter. Redwood Investment Management LLC now owns 21,972 shares of the exchange traded fund’s stock worth $1,905,000 after purchasing an additional 3,701 shares during the period. Steelhead Wealth Management LLC purchased a new position in iShares 20+ Year Treasury Bond ETF in the 1st quarter worth approximately $337,000. Finally, Rathbones Group PLC lifted its position in iShares 20+ Year Treasury Bond ETF by 87.3% in the first quarter. Rathbones Group PLC now owns 4,777 shares of the exchange traded fund’s stock valued at $414,000 after purchasing an additional 2,227 shares during the last quarter. Institutional investors own 73.33% of the company’s stock.

iShares 20+ Year Treasury Bond ETF Stock Performance

Shares of TLT stock opened at $82.25 on Monday. The company has a market capitalization of $41.50 billion, a P/E ratio of -6.75 and a beta of 0.51. iShares 20+ Year Treasury Bond ETF has a fifty-two week low of $81.89 and a fifty-two week high of $92.18. The stock has a 50 day moving average price of $85.08 and a two-hundred day moving average price of $86.43.

iShares 20+ Year Treasury Bond ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Tuesday, July 7th. Investors of record on Wednesday, July 1st were paid a $0.318 dividend. This represents a c) annualized dividend and a dividend yield of 4.6%. The ex-dividend date of this dividend was Wednesday, July 1st.

About iShares 20+ Year Treasury Bond ETF

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.