Meeder Asset Management Inc. Sells 124,158 Shares of iShares 20+ Year Treasury Bond ETF $TLT

Meeder Asset Management Inc. reduced its holdings in shares of iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) by 24.4% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 384,326 shares of the exchange traded fund’s stock after selling 124,158 shares during the period. iShares 20+ Year Treasury Bond ETF comprises about 1.9% of Meeder Asset Management Inc.’s investment portfolio, making the stock its 11th biggest position. Meeder Asset Management Inc. owned 0.08% of iShares 20+ Year Treasury Bond ETF worth $33,317,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in TLT. Scarborough Advisors LLC acquired a new stake in iShares 20+ Year Treasury Bond ETF during the first quarter valued at approximately $23,950,000. Balefire LLC raised its holdings in shares of iShares 20+ Year Treasury Bond ETF by 16.5% in the 1st quarter. Balefire LLC now owns 5,201 shares of the exchange traded fund’s stock worth $451,000 after buying an additional 737 shares in the last quarter. Parallel Advisors LLC lifted its position in shares of iShares 20+ Year Treasury Bond ETF by 8.3% during the 1st quarter. Parallel Advisors LLC now owns 4,644 shares of the exchange traded fund’s stock worth $403,000 after buying an additional 356 shares during the period. American Asset Management Inc. lifted its position in shares of iShares 20+ Year Treasury Bond ETF by 4.2% during the 1st quarter. American Asset Management Inc. now owns 6,462 shares of the exchange traded fund’s stock worth $560,000 after buying an additional 260 shares during the period. Finally, Dorsey Wright & Associates lifted its position in shares of iShares 20+ Year Treasury Bond ETF by 611.2% during the 1st quarter. Dorsey Wright & Associates now owns 37,717 shares of the exchange traded fund’s stock worth $3,270,000 after buying an additional 32,414 shares during the period. Institutional investors own 73.33% of the company’s stock.

iShares 20+ Year Treasury Bond ETF Price Performance

Shares of TLT stock opened at $84.52 on Monday. The stock’s fifty day simple moving average is $85.28 and its 200 day simple moving average is $86.72. iShares 20+ Year Treasury Bond ETF has a one year low of $82.77 and a one year high of $92.18. The firm has a market cap of $42.99 billion, a price-to-earnings ratio of -6.75 and a beta of 0.51.

iShares 20+ Year Treasury Bond ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Tuesday, July 7th. Shareholders of record on Wednesday, July 1st were issued a dividend of $0.318 per share. The ex-dividend date of this dividend was Wednesday, July 1st. This represents a c) dividend on an annualized basis 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.