New Century Financial Group LLC Sells 5,497 Shares of iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT)

New Century Financial Group LLC reduced its stake in shares of iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) by 61.8% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 3,393 shares of the exchange traded fund’s stock after selling 5,497 shares during the period. New Century Financial Group LLC’s holdings in iShares 20+ Year Treasury Bond ETF were worth $309,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of TLT. Brighton Jones LLC grew its position in shares of iShares 20+ Year Treasury Bond ETF by 28.0% during the 4th quarter. Brighton Jones LLC now owns 2,747 shares of the exchange traded fund’s stock valued at $240,000 after acquiring an additional 601 shares during the period. Van ECK Associates Corp lifted its stake in shares of iShares 20+ Year Treasury Bond ETF by 82.4% during the 4th quarter. Van ECK Associates Corp now owns 394 shares of the exchange traded fund’s stock valued at $34,000 after buying an additional 178 shares in the last quarter. Life Planning Partners Inc purchased a new stake in shares of iShares 20+ Year Treasury Bond ETF during the 4th quarter valued at approximately $12,050,000. Farmers & Merchants Trust Co of Chambersburg PA lifted its stake in shares of iShares 20+ Year Treasury Bond ETF by 17.6% during the 4th quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 106,988 shares of the exchange traded fund’s stock valued at $9,343,000 after buying an additional 16,038 shares in the last quarter. Finally, Rooted Wealth Advisors Inc. lifted its stake in shares of iShares 20+ Year Treasury Bond ETF by 9.0% during the 4th quarter. Rooted Wealth Advisors Inc. now owns 7,301 shares of the exchange traded fund’s stock valued at $627,000 after buying an additional 602 shares in the last quarter. 73.32% of the stock is owned by institutional investors.

iShares 20+ Year Treasury Bond ETF Trading Down 1.0%

Shares of TLT stock opened at $86.33 on Friday. The stock has a market capitalization of $46.71 billion, a P/E ratio of -6.75 and a beta of 0.06. The firm’s 50 day moving average is $86.77 and its 200 day moving average is $88.58. iShares 20+ Year Treasury Bond ETF has a 12 month low of $83.30 and a 12 month high of $101.64.

iShares 20+ Year Treasury Bond ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Thursday, June 5th. Investors of record on Monday, June 2nd were paid a dividend of $0.3195 per share. This represents a $3.83 dividend on an annualized basis and a dividend yield of 4.44%. The ex-dividend date of this dividend was Monday, June 2nd.

iShares 20+ Year Treasury Bond ETF Company 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.