Rafferty Asset Management LLC Sells 5,373,843 Shares of iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT)

Rafferty Asset Management LLC lowered its stake in iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) by 11.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 41,834,302 shares of the exchange traded fund’s stock after selling 5,373,843 shares during the period. iShares 20+ Year Treasury Bond ETF accounts for 12.9% of Rafferty Asset Management LLC’s holdings, making the stock its largest holding. Rafferty Asset Management LLC owned approximately 0.07% of iShares 20+ Year Treasury Bond ETF worth $3,653,390,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently modified their holdings of the business. Fiduciary Alliance LLC bought a new position in iShares 20+ Year Treasury Bond ETF during the fourth quarter worth $292,000. Affinity Capital Advisors LLC increased its stake in iShares 20+ Year Treasury Bond ETF by 20.1% in the fourth quarter. Affinity Capital Advisors LLC now owns 14,037 shares of the exchange traded fund’s stock valued at $1,206,000 after purchasing an additional 2,347 shares in the last quarter. SeaCrest Wealth Management LLC increased its stake in iShares 20+ Year Treasury Bond ETF by 37.4% in the fourth quarter. SeaCrest Wealth Management LLC now owns 6,274 shares of the exchange traded fund’s stock valued at $548,000 after purchasing an additional 1,707 shares in the last quarter. Pines Wealth Management LLC bought a new stake in iShares 20+ Year Treasury Bond ETF in the fourth quarter valued at $451,000. Finally, Park Avenue Securities LLC increased its stake in iShares 20+ Year Treasury Bond ETF by 14.8% in the fourth quarter. Park Avenue Securities LLC now owns 767,634 shares of the exchange traded fund’s stock valued at $67,037,000 after purchasing an additional 98,927 shares in the last quarter. Institutional investors own 73.32% of the company’s stock.

iShares 20+ Year Treasury Bond ETF Trading Down 0.7%

TLT opened at $85.32 on Thursday. iShares 20+ Year Treasury Bond ETF has a 1-year low of $84.89 and a 1-year high of $101.64. The company has a market cap of $46.17 billion, a P/E ratio of -7.06 and a beta of 0.06. The company has a fifty day moving average price of $88.92 and a two-hundred day moving average price of $89.44.

iShares 20+ Year Treasury Bond ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Tuesday, May 6th. Shareholders of record on Thursday, May 1st were paid a $0.3276 dividend. This is an increase from iShares 20+ Year Treasury Bond ETF’s previous monthly dividend of $0.33. This represents a $3.93 annualized dividend and a yield of 4.61%. The ex-dividend date of this dividend was Thursday, May 1st.

About iShares 20+ Year Treasury Bond ETF

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.