First Horizon Advisors Inc. Decreases Holdings in iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT)

First Horizon Advisors Inc. reduced its stake in iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) by 12.4% during the first quarter, according to its most recent filing with the SEC. The fund owned 115,322 shares of the exchange traded fund’s stock after selling 16,357 shares during the quarter. First Horizon Advisors Inc.’s holdings in iShares 20+ Year Treasury Bond ETF were worth $10,498,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. NBC Securities Inc. purchased a new stake in shares of iShares 20+ Year Treasury Bond ETF during the 1st quarter worth approximately $25,000. Byrne Asset Management LLC bought a new stake in iShares 20+ Year Treasury Bond ETF during the 1st quarter valued at $26,000. Proathlete Wealth Management LLC purchased a new stake in shares of iShares 20+ Year Treasury Bond ETF during the first quarter worth $28,000. Coastline Trust Co purchased a new position in shares of iShares 20+ Year Treasury Bond ETF in the first quarter valued at $32,000. Finally, First Pacific Financial purchased a new stake in iShares 20+ Year Treasury Bond ETF during the 1st quarter worth about $38,000. Institutional investors own 73.32% of the company’s stock.

iShares 20+ Year Treasury Bond ETF Stock Down 0.6%

TLT stock opened at $87.58 on Thursday. The stock has a 50-day simple moving average of $86.67 and a two-hundred day simple moving average of $88.05. iShares 20+ Year Treasury Bond ETF has a twelve month low of $83.30 and a twelve month high of $101.64. The firm has a market capitalization of $48.76 billion, a PE ratio of -6.75 and a beta of 0.48.

iShares 20+ Year Treasury Bond ETF Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, July 7th. Investors of record on Tuesday, July 1st will be paid a dividend of $0.3283 per share. The ex-dividend date of this dividend is Tuesday, July 1st. This represents a $3.94 annualized dividend and a yield of 4.50%. This is a boost from iShares 20+ Year Treasury Bond ETF’s previous monthly dividend of $0.32.

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.