Pinion Investment Advisors LLC Cuts Stake in iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT)

Pinion Investment Advisors LLC decreased its holdings in iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) by 12.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor 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 & Exchange Commission.

A number of other large investors have also modified their holdings of TLT. Independence Bank of Kentucky acquired a new stake in iShares 20+ Year Treasury Bond ETF in the fourth quarter valued at approximately $26,000. Richardson Financial Services Inc. purchased a new position in iShares 20+ Year Treasury Bond ETF in the fourth quarter valued at $30,000. New Wave Wealth Advisors LLC purchased a new stake in iShares 20+ Year Treasury Bond ETF during the 4th quarter worth about $32,000. Van ECK Associates Corp boosted 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 worth $34,000 after acquiring an additional 178 shares in the last quarter. Finally, West Branch Capital LLC increased its holdings in shares of iShares 20+ Year Treasury Bond ETF by 94.9% in the 4th quarter. West Branch Capital LLC now owns 417 shares of the exchange traded fund’s stock valued at $36,000 after acquiring an additional 203 shares during the last quarter. Hedge funds and other institutional investors own 73.32% of the company’s stock.

iShares 20+ Year Treasury Bond ETF Stock Up 0.2 %

TLT stock opened at $92.57 on Tuesday. The stock has a market cap of $56.26 billion, a price-to-earnings ratio of -7.34 and a beta of 0.06. iShares 20+ Year Treasury Bond ETF has a fifty-two week low of $84.89 and a fifty-two week 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 business also recently announced a dividend, which will be paid on Thursday, March 6th. Stockholders of record on Monday, March 3rd will be issued a $0.2898 dividend. The ex-dividend date is Monday, March 3rd.

iShares 20+ Year Treasury Bond ETF 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.