Bank of America Corp DE Sells 24,459,574 Shares of iShares 20+ Year Treasury Bond ETF $TLT

Bank of America Corp DE lowered its stake in iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) by 22.4% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 84,597,929 shares of the exchange traded fund’s stock after selling 24,459,574 shares during the period. Bank of America Corp DE owned approximately 17.00% of iShares 20+ Year Treasury Bond ETF worth $7,333,794,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of TLT. Gunpowder Capital Management LLC dba Oliver Wealth Management bought a new stake in shares of iShares 20+ Year Treasury Bond ETF during the fourth quarter worth approximately $31,000. Summer Road LLC grew its position in shares of iShares 20+ Year Treasury Bond ETF by 117.6% in the first quarter. Summer Road LLC now owns 370 shares of the exchange traded fund’s stock valued at $32,000 after purchasing an additional 200 shares during the last quarter. Trust Co. of Vermont increased its stake in shares of iShares 20+ Year Treasury Bond ETF by 90.5% during the fourth quarter. Trust Co. of Vermont now owns 381 shares of the exchange traded fund’s stock worth $33,000 after purchasing an additional 181 shares during the period. Stone House Investment Management LLC increased its stake in shares of iShares 20+ Year Treasury Bond ETF by 1,066.7% during the fourth quarter. Stone House Investment Management LLC now owns 385 shares of the exchange traded fund’s stock worth $34,000 after purchasing an additional 352 shares during the period. Finally, Albion Financial Group UT acquired a new stake in iShares 20+ Year Treasury Bond ETF during the 4th quarter worth approximately $36,000. 73.33% of the stock is owned by institutional investors.

iShares 20+ Year Treasury Bond ETF Trading Down 1.7%

NASDAQ:TLT opened at $82.85 on Thursday. The stock has a 50 day simple moving average of $85.16 and a 200 day simple moving average of $86.51. The stock has a market cap of $42.40 billion, a P/E ratio of -6.75 and a beta of 0.51. iShares 20+ Year Treasury Bond ETF has a 1-year low of $82.70 and a 1-year high of $92.18.

iShares 20+ Year Treasury Bond ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Tuesday, July 7th. Shareholders of record on Wednesday, July 1st were given a dividend of $0.318 per share. The ex-dividend date was Wednesday, July 1st. This represents a c) annualized dividend and a yield of 4.6%.

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. 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.