iShares 20+ Year Treasury Bond ETF $TLT Shares Sold by Fortis Group Advisors LLC

Fortis Group Advisors LLC lowered its holdings in iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) by 59.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 40,590 shares of the exchange traded fund’s stock after selling 60,175 shares during the period. Fortis Group Advisors LLC’s holdings in iShares 20+ Year Treasury Bond ETF were worth $3,537,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in TLT. Assetmark Inc. increased its position in shares of iShares 20+ Year Treasury Bond ETF by 652.3% in the third quarter. Assetmark Inc. now owns 1,628,189 shares of the exchange traded fund’s stock worth $145,511,000 after acquiring an additional 1,411,767 shares in the last quarter. Cibc World Market Inc. increased its position in shares of iShares 20+ Year Treasury Bond ETF by 429.3% in the third quarter. Cibc World Market Inc. now owns 1,490,621 shares of the exchange traded fund’s stock worth $133,217,000 after acquiring an additional 1,208,976 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its position in shares of iShares 20+ Year Treasury Bond ETF by 3.0% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 41,721,495 shares of the exchange traded fund’s stock worth $3,728,650,000 after acquiring an additional 1,195,788 shares in the last quarter. Prudential PLC increased its position in shares of iShares 20+ Year Treasury Bond ETF by 104.9% in the third quarter. Prudential PLC now owns 1,046,620 shares of the exchange traded fund’s stock worth $93,536,000 after acquiring an additional 535,870 shares in the last quarter. Finally, Envestnet Asset Management Inc. increased its position in shares of iShares 20+ Year Treasury Bond ETF by 8.6% in the third quarter. Envestnet Asset Management Inc. now owns 6,657,532 shares of the exchange traded fund’s stock worth $594,984,000 after acquiring an additional 527,803 shares in the last quarter. Institutional investors and hedge funds own 73.33% of the company’s stock.

iShares 20+ Year Treasury Bond ETF News Roundup

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 Up 1.1%

iShares 20+ Year Treasury Bond ETF stock 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 firm has a fifty day moving average of $86.22 and a 200-day moving average of $87.73. The firm has a market capitalization of $41.75 billion, a P/E ratio of -6.75 and a beta of 0.53.

iShares 20+ Year Treasury Bond ETF Dividend Announcement

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

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.