GDS Wealth Management Sells 14,536 Shares of iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT)

GDS Wealth Management reduced its stake in iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) by 32.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,915 shares of the exchange traded fund’s stock after selling 14,536 shares during the period. GDS Wealth Management’s holdings in iShares 20+ Year Treasury Bond ETF were worth $2,612,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. Alpha Financial Partners LLC purchased a new stake in shares of iShares 20+ Year Treasury Bond ETF in the 3rd quarter worth approximately $2,701,000. Consilio Wealth Advisors LLC increased its stake in iShares 20+ Year Treasury Bond ETF by 3.2% during the 3rd quarter. Consilio Wealth Advisors LLC now owns 29,756 shares of the exchange traded fund’s stock valued at $2,919,000 after purchasing an additional 926 shares in the last quarter. Miracle Mile Advisors LLC acquired a new position in iShares 20+ Year Treasury Bond ETF during the 3rd quarter valued at approximately $303,000. Heartwood Wealth Advisors LLC increased its stake in shares of iShares 20+ Year Treasury Bond ETF by 1.0% in the third quarter. Heartwood Wealth Advisors LLC now owns 88,454 shares of the exchange traded fund’s stock worth $8,677,000 after acquiring an additional 880 shares during the period. Finally, Ignite Planners LLC acquired a new stake in shares of iShares 20+ Year Treasury Bond ETF in the third quarter worth $223,000. 73.32% of the stock is currently owned by institutional investors.

iShares 20+ Year Treasury Bond ETF Price Performance

NASDAQ:TLT opened at $88.16 on Tuesday. The firm has a market capitalization of $53.58 billion, a P/E ratio of -7.14 and a beta of 0.06. The company’s fifty day moving average price is $89.03 and its 200-day moving average price is $93.13. iShares 20+ Year Treasury Bond ETF has a 1-year low of $84.89 and a 1-year high of $101.64.

iShares 20+ Year Treasury Bond ETF Cuts Dividend

The company also recently declared a dividend, which will be paid on Thursday, February 6th. Investors of record on Monday, February 3rd will be given a dividend of $0.3123 per share. The ex-dividend date is Monday, February 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.