iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) Stock Position Cut by Granby Capital Management LLC

Granby Capital Management LLC trimmed its position in shares of iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) by 12.7% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 138,000 shares of the exchange traded fund’s stock after selling 20,000 shares during the quarter. iShares 20+ Year Treasury Bond ETF comprises about 6.2% of Granby Capital Management LLC’s investment portfolio, making the stock its 6th largest holding. Granby Capital Management LLC’s holdings in iShares 20+ Year Treasury Bond ETF were worth $12,052,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Independence Bank of Kentucky purchased a new stake in iShares 20+ Year Treasury Bond ETF in the fourth quarter valued at about $26,000. Richardson Financial Services Inc. purchased a new position in shares of iShares 20+ Year Treasury Bond ETF in the 4th quarter valued at approximately $30,000. New Wave Wealth Advisors LLC acquired a new stake in iShares 20+ Year Treasury Bond ETF in the 4th quarter worth approximately $32,000. Van ECK Associates Corp grew its position in iShares 20+ Year Treasury Bond ETF by 82.4% during the 4th quarter. Van ECK Associates Corp now owns 394 shares of the exchange traded fund’s stock worth $34,000 after purchasing an additional 178 shares during the last quarter. Finally, West Branch Capital LLC increased its stake in iShares 20+ Year Treasury Bond ETF by 94.9% during the 4th quarter. West Branch Capital LLC now owns 417 shares of the exchange traded fund’s stock valued at $36,000 after purchasing an additional 203 shares in the last quarter. Hedge funds and other institutional investors own 73.32% of the company’s stock.

iShares 20+ Year Treasury Bond ETF Trading Up 0.1 %

NASDAQ:TLT opened at $87.02 on Friday. The company has a market capitalization of $47.09 billion, a P/E ratio of -7.06 and a beta of 0.06. iShares 20+ Year Treasury Bond ETF has a 12 month low of $84.89 and a 12 month high of $101.64. The firm has a fifty day simple moving average of $89.20 and a 200-day simple moving average of $89.58.

iShares 20+ Year Treasury Bond ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Tuesday, May 6th. Shareholders of record on Thursday, May 1st were given a dividend of $0.3276 per share. The ex-dividend date was Thursday, May 1st. This represents a $3.93 dividend on an annualized basis and a yield of 4.52%. This is a boost from iShares 20+ Year Treasury Bond ETF’s previous monthly dividend of $0.33.

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.