Avalon Capital Management Sells 157,641 Shares of iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT)

Avalon Capital Management cut its stake in shares of iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) by 97.7% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,783 shares of the exchange traded fund’s stock after selling 157,641 shares during the quarter. Avalon Capital Management’s holdings in iShares 20+ Year Treasury Bond ETF were worth $358,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of TLT. Psagot Value Holdings Ltd. Israel purchased a new position in iShares 20+ Year Treasury Bond ETF during the fourth quarter valued at approximately $25,000. Register Financial Advisors LLC purchased a new position in iShares 20+ Year Treasury Bond ETF during the fourth quarter valued at approximately $28,000. Rosenberg Matthew Hamilton increased its holdings in iShares 20+ Year Treasury Bond ETF by 8,825.0% during the fourth quarter. Rosenberg Matthew Hamilton now owns 357 shares of the exchange traded fund’s stock valued at $35,000 after buying an additional 353 shares during the period. Cherry Tree Wealth Management LLC purchased a new position in iShares 20+ Year Treasury Bond ETF in the fourth quarter worth $44,000. Finally, Delos Wealth Advisors LLC grew its holdings in iShares 20+ Year Treasury Bond ETF by 365.0% in the third quarter. Delos Wealth Advisors LLC now owns 465 shares of the exchange traded fund’s stock worth $45,000 after purchasing an additional 365 shares during the last quarter. 73.32% of the stock is owned by hedge funds and other institutional investors.

iShares 20+ Year Treasury Bond ETF Trading Down 1.9 %

Shares of TLT stock traded down $1.74 during trading hours on Friday, reaching $91.78. 55,119,554 shares of the company’s stock were exchanged, compared to its average volume of 40,682,316. The stock’s 50 day moving average is $91.35 and its 200-day moving average is $93.46. iShares 20+ Year Treasury Bond ETF has a fifty-two week low of $82.42 and a fifty-two week high of $103.25. The company has a market cap of $46.89 billion, a price-to-earnings ratio of -7.14 and a beta of 0.06.

iShares 20+ Year Treasury Bond ETF Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Friday, June 7th. Stockholders of record on Monday, June 3rd were paid a dividend of $0.3083 per share. This represents a $3.70 annualized dividend and a dividend yield of 4.03%. The ex-dividend date was Monday, June 3rd.

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.