Summit Financial LLC Has $6.75 Million Stake in iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT)

Summit Financial LLC reduced its stake in shares of iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) by 17.1% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 68,271 shares of the exchange traded fund’s stock after selling 14,036 shares during the quarter. Summit Financial LLC’s holdings in iShares 20+ Year Treasury Bond ETF were worth $6,751,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Shelton Capital Management lifted its holdings in iShares 20+ Year Treasury Bond ETF by 5.3% during the 3rd quarter. Shelton Capital Management now owns 2,391 shares of the exchange traded fund’s stock valued at $212,000 after purchasing an additional 120 shares during the last quarter. Atticus Wealth Management LLC grew its position in shares of iShares 20+ Year Treasury Bond ETF by 35.0% in the third quarter. Atticus Wealth Management LLC now owns 556 shares of the exchange traded fund’s stock valued at $49,000 after purchasing an additional 144 shares during the last quarter. Solstein Capital LLC lifted its holdings in iShares 20+ Year Treasury Bond ETF by 1.9% during the 4th quarter. Solstein Capital LLC now owns 8,582 shares of the exchange traded fund’s stock worth $849,000 after purchasing an additional 164 shares during the last quarter. Banco Santander S.A. boosted its stake in iShares 20+ Year Treasury Bond ETF by 0.7% in the 3rd quarter. Banco Santander S.A. now owns 26,434 shares of the exchange traded fund’s stock valued at $2,344,000 after purchasing an additional 171 shares during the period. Finally, Western Financial Corp CA grew its holdings in iShares 20+ Year Treasury Bond ETF by 4.4% in the 4th quarter. Western Financial Corp CA now owns 4,225 shares of the exchange traded fund’s stock valued at $418,000 after buying an additional 177 shares in the last quarter. 73.32% of the stock is owned by institutional investors.

iShares 20+ Year Treasury Bond ETF Stock Up 0.7 %

Shares of TLT traded up $0.65 during midday trading on Wednesday, reaching $88.56. 59,425,435 shares of the stock were exchanged, compared to its average volume of 43,551,277. The stock’s 50 day simple moving average is $92.22 and its 200 day simple moving average is $92.59. The company has a market cap of $44.84 billion, a P/E ratio of -7.07 and a beta of 0.06. iShares 20+ Year Treasury Bond ETF has a twelve month low of $82.42 and a twelve month high of $106.60.

iShares 20+ Year Treasury Bond ETF Announces Dividend

The business also recently announced a dividend, which will be paid on Tuesday, May 7th. Stockholders of record on Thursday, May 2nd will be given a dividend of $0.3077 per share. The ex-dividend date is Wednesday, May 1st.

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.