Smith Moore & CO. Sells 600 Shares of iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT)

Smith Moore & CO. trimmed its position in iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) by 12.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,206 shares of the exchange traded fund’s stock after selling 600 shares during the period. Smith Moore & CO.’s holdings in iShares 20+ Year Treasury Bond ETF were worth $367,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in TLT. Independence Bank of Kentucky purchased a new stake in iShares 20+ Year Treasury Bond ETF in the fourth quarter valued at approximately $26,000. Richardson Financial Services Inc. bought a new position in shares of iShares 20+ Year Treasury Bond ETF in the 4th quarter worth $30,000. New Wave Wealth Advisors LLC purchased a new stake in shares of iShares 20+ Year Treasury Bond ETF during the 4th quarter valued at $32,000. Van ECK Associates Corp raised its position in shares of 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 valued at $34,000 after buying an additional 178 shares in the last quarter. Finally, West Branch Capital LLC lifted its holdings in shares of 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 worth $36,000 after acquiring an additional 203 shares during the last quarter. 73.32% of the stock is currently owned by hedge funds and other institutional investors.

iShares 20+ Year Treasury Bond ETF Stock Up 1.1 %

TLT opened at $92.85 on Friday. The business’s fifty day simple moving average is $89.95 and its 200 day simple moving average is $91.03. iShares 20+ Year Treasury Bond ETF has a 52 week low of $84.89 and a 52 week high of $101.64. The stock has a market cap of $52.76 billion, a PE ratio of -7.38 and a beta of 0.06.

iShares 20+ Year Treasury Bond ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, April 4th. Stockholders of record on Tuesday, April 1st were given a dividend of $0.3256 per share. The ex-dividend date was Tuesday, April 1st. This represents a $3.91 annualized dividend and a dividend yield of 4.21%.

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.