Cullen Frost Bankers Inc. Has $6.78 Million Position in iShares 20+ Year Treasury Bond ETF $TLT

Cullen Frost Bankers Inc. lessened its position in iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) by 30.3% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 77,802 shares of the exchange traded fund’s stock after selling 33,802 shares during the period. Cullen Frost Bankers Inc.’s holdings in iShares 20+ Year Treasury Bond ETF were worth $6,781,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Silverlake Wealth Management LLC boosted its stake in shares of iShares 20+ Year Treasury Bond ETF by 0.6% in the 4th quarter. Silverlake Wealth Management LLC now owns 21,019 shares of the exchange traded fund’s stock valued at $1,832,000 after purchasing an additional 115 shares in the last quarter. Yukon Wealth Management Inc. boosted its stake in shares of iShares 20+ Year Treasury Bond ETF by 0.5% in the 3rd quarter. Yukon Wealth Management Inc. now owns 23,442 shares of the exchange traded fund’s stock valued at $2,095,000 after purchasing an additional 118 shares in the last quarter. Harvest Fund Management Co. Ltd boosted its stake in shares of iShares 20+ Year Treasury Bond ETF by 15.8% in the 3rd quarter. Harvest Fund Management Co. Ltd now owns 922 shares of the exchange traded fund’s stock valued at $82,000 after purchasing an additional 126 shares in the last quarter. Cornerstone Wealth Management LLC boosted its stake in shares of iShares 20+ Year Treasury Bond ETF by 3.8% in the 4th quarter. Cornerstone Wealth Management LLC now owns 3,775 shares of the exchange traded fund’s stock valued at $329,000 after purchasing an additional 138 shares in the last quarter. Finally, Friedenthal Financial boosted its stake in shares of iShares 20+ Year Treasury Bond ETF by 3.9% in the 4th quarter. Friedenthal Financial now owns 3,756 shares of the exchange traded fund’s stock valued at $327,000 after purchasing an additional 140 shares in the last quarter. Institutional investors and hedge funds own 73.33% of the company’s stock.

Key Headlines Impacting iShares 20+ Year Treasury Bond ETF

Here are the key news stories impacting iShares 20+ Year Treasury Bond ETF this week:

• Positive Sentiment: Some analysts and market commentary argue that TLT may be nearing a bottom, with a few pieces recommending bond exposure as long-dated Treasury prices have been hit hard. Treasury ETF Falls. A Record Low Looms
• Positive Sentiment: Fixed-income ETFs are having a strong year overall as investors seek to lock in elevated yields, which could help support demand for Treasury funds like TLT over time. Bond ETFs Are Having A Banner Year As Investors Rush To Lock In High Yields
• Neutral Sentiment: Several articles highlight that inflation remains above the Fed’s target and that the bond market is reacting to a more hawkish rate outlook, which keeps long-duration Treasury ETFs volatile. There’s a Bond ETF That Resets Its Income for Inflation Every Six Months. Almost None of Your Friends Own It.
• Negative Sentiment: Rising long-term Treasury yields remain the biggest headwind for TLT, since higher yields push bond prices lower; coverage noted the 10-year yield near 4.7% and the 30-year yield at a 19-year high. The Global Bond Rout Is Accelerating. Here’s What to Know.
• Negative Sentiment: Fear that the Federal Reserve may keep policy tighter for longer is weighing on bond ETFs broadly, adding further downside pressure to TLT. Fed Rate Hike Fears: Rippling Through ETF Flows

iShares 20+ Year Treasury Bond ETF Stock Performance

Shares of NASDAQ:TLT opened at $83.91 on Thursday. iShares 20+ Year Treasury Bond ETF has a 52 week low of $82.77 and a 52 week high of $92.18. The company’s fifty day moving average is $86.22 and its 200-day moving average is $87.73. The company has a market capitalization of $41.75 billion, a PE ratio of -6.75 and a beta of 0.53.

iShares 20+ Year Treasury Bond ETF Announces Dividend

The business also recently declared a monthly dividend, which was paid on Wednesday, May 6th. Investors of record on Friday, May 1st were given a dividend of $0.3153 per share. The ex-dividend date was Friday, May 1st. This represents a c) annualized dividend and a yield of 4.5%.

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. The Underlying Index includes all publicly-issued the United States Treasury securities that have a remaining maturity of greater than or equal to 20 years.