Pinion Investment Advisors LLC Lowers Stock Holdings in iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT)

Pinion Investment Advisors LLC cut its stake in shares of iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) by 12.8% in the 4th quarter, Holdings Channel.com reports. The firm owned 2,869 shares of the exchange traded fund’s stock after selling 421 shares during the period. Pinion Investment Advisors LLC’s holdings in iShares 20+ Year Treasury Bond ETF were worth $251,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Principal Financial Group Inc. grew its stake in shares of iShares 20+ Year Treasury Bond ETF by 45.5% during the 3rd quarter. Principal Financial Group Inc. now owns 88,273 shares of the exchange traded fund’s stock worth $8,660,000 after purchasing an additional 27,586 shares during the period. Commerce Bank grew its position in iShares 20+ Year Treasury Bond ETF by 32.7% during the third quarter. Commerce Bank now owns 9,840 shares of the exchange traded fund’s stock worth $965,000 after buying an additional 2,426 shares during the period. ST Germain D J Co. Inc. increased its holdings in iShares 20+ Year Treasury Bond ETF by 73.1% in the fourth quarter. ST Germain D J Co. Inc. now owns 476 shares of the exchange traded fund’s stock valued at $42,000 after buying an additional 201 shares in the last quarter. Cornerstone Wealth Management LLC lifted its position in shares of iShares 20+ Year Treasury Bond ETF by 5.6% during the 4th quarter. Cornerstone Wealth Management LLC now owns 3,782 shares of the exchange traded fund’s stock valued at $330,000 after acquiring an additional 201 shares during the period. Finally, Dynasty Wealth Management LLC grew its holdings in shares of iShares 20+ Year Treasury Bond ETF by 50.7% in the 4th quarter. Dynasty Wealth Management LLC now owns 905,254 shares of the exchange traded fund’s stock worth $79,056,000 after acquiring an additional 304,416 shares during the period. 73.32% of the stock is owned by institutional investors and hedge funds.

iShares 20+ Year Treasury Bond ETF Price Performance

NASDAQ TLT opened at $92.57 on Tuesday. The company has a market capitalization of $56.26 billion, a P/E ratio of -7.34 and a beta of 0.06. iShares 20+ Year Treasury Bond ETF has a 1-year low of $84.89 and a 1-year high of $101.64. The business has a 50 day moving average price of $88.07 and a 200 day moving average price of $92.39.

iShares 20+ Year Treasury Bond ETF Cuts Dividend

The firm also recently declared a dividend, which will be paid on Thursday, March 6th. Stockholders of record on Monday, March 3rd will be given a $0.2898 dividend. The ex-dividend date is Monday, March 3rd.

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.