Baird Financial Group Inc. Decreases Position in iShares 20+ Year Treasury Bond ETF $TLT

Baird Financial Group Inc. decreased its position in iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) by 51.3% during the 2nd quarter, Holdings Channel.com reports. The firm owned 73,185 shares of the exchange traded fund’s stock after selling 77,192 shares during the period. Baird Financial Group Inc.’s holdings in iShares 20+ Year Treasury Bond ETF were worth $6,459,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Dynamic Wealth Strategies LLC purchased a new stake in iShares 20+ Year Treasury Bond ETF in the second quarter worth $1,948,000. FPC Investment Advisory Inc. grew its stake in shares of iShares 20+ Year Treasury Bond ETF by 2.5% during the 2nd quarter. FPC Investment Advisory Inc. now owns 110,236 shares of the exchange traded fund’s stock worth $9,626,000 after acquiring an additional 2,706 shares during the period. Kilter Group LLC purchased a new stake in iShares 20+ Year Treasury Bond ETF in the 2nd quarter worth about $37,000. EverSource Wealth Advisors LLC raised its stake in iShares 20+ Year Treasury Bond ETF by 234.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 8,936 shares of the exchange traded fund’s stock valued at $789,000 after acquiring an additional 6,262 shares during the period. Finally, Luminist Capital LLC lifted its holdings in iShares 20+ Year Treasury Bond ETF by 16.9% during the second quarter. Luminist Capital LLC now owns 48,030 shares of the exchange traded fund’s stock valued at $4,233,000 after purchasing an additional 6,940 shares during the last quarter. 73.33% of the stock is owned by institutional investors.

iShares 20+ Year Treasury Bond ETF Stock Down 0.3%

Shares of NASDAQ:TLT opened at $87.88 on Tuesday. The firm has a market capitalization of $48.14 billion, a PE ratio of -6.75 and a beta of 0.53. The company has a 50-day moving average price of $89.96 and a two-hundred day moving average price of $88.09. iShares 20+ Year Treasury Bond ETF has a twelve month low of $83.29 and a twelve month high of $94.09.

iShares 20+ Year Treasury Bond ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Thursday, December 4th. Investors of record on Monday, December 1st were issued a $0.3206 dividend. The ex-dividend date of this dividend was Monday, December 1st. This represents a c) annualized dividend and a yield of 4.4%.

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.