BluePointe Capital Management LLC Lowers Stock Position in iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT)

BluePointe Capital Management LLC lessened its holdings in shares of iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) by 46.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,220 shares of the exchange traded fund’s stock after selling 5,372 shares during the period. BluePointe Capital Management LLC’s holdings in iShares 20+ Year Treasury Bond ETF were worth $543,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of TLT. Independence Bank of Kentucky bought a new position in iShares 20+ Year Treasury Bond ETF during the 4th quarter valued at approximately $26,000. Richardson Financial Services Inc. purchased a new stake in shares of iShares 20+ Year Treasury Bond ETF in the fourth quarter worth $30,000. New Wave Wealth Advisors LLC bought a new position in shares of iShares 20+ Year Treasury Bond ETF during the fourth quarter valued at $32,000. Van ECK Associates Corp raised its position in shares of iShares 20+ Year Treasury Bond ETF by 82.4% in the 4th quarter. Van ECK Associates Corp now owns 394 shares of the exchange traded fund’s stock worth $34,000 after purchasing an additional 178 shares during the last quarter. Finally, West Branch Capital LLC raised its position 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 worth $36,000 after purchasing an additional 203 shares during the last quarter. 73.32% of the stock is owned by hedge funds and other institutional investors.

iShares 20+ Year Treasury Bond ETF Stock Performance

Shares of TLT stock opened at $91.18 on Thursday. The company has a market capitalization of $51.24 billion, a price-to-earnings ratio of -7.21 and a beta of 0.36. iShares 20+ Year Treasury Bond ETF has a one year low of $84.89 and a one year high of $101.64. The company’s 50-day moving average is $88.98 and its 200 day moving average is $91.79.

iShares 20+ Year Treasury Bond ETF Cuts Dividend

The company also recently declared a dividend, which was paid on Thursday, March 6th. Stockholders of record on Monday, March 3rd were issued a dividend of $0.2898 per share. The ex-dividend date was 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.