Mechanics Bank Trust Department Reduces Position in iShares 20+ Year Treasury Bond ETF $TLT

Mechanics Bank Trust Department trimmed its stake in iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) by 27.8% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 36,611 shares of the exchange traded fund’s stock after selling 14,070 shares during the quarter. Mechanics Bank Trust Department’s holdings in iShares 20+ Year Treasury Bond ETF were worth $3,272,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in TLT. Mather Group LLC. increased its position in iShares 20+ Year Treasury Bond ETF by 3.4% during the 3rd quarter. Mather Group LLC. now owns 3,538 shares of the exchange traded fund’s stock worth $316,000 after purchasing an additional 115 shares in the last quarter. Empirical Asset Management LLC boosted its stake in shares of iShares 20+ Year Treasury Bond ETF by 2.1% during the 2nd quarter. Empirical Asset Management LLC now owns 5,737 shares of the exchange traded fund’s stock worth $506,000 after purchasing an additional 117 shares during the last quarter. SteelPeak Wealth LLC grew its holdings in shares of iShares 20+ Year Treasury Bond ETF by 3.3% during the third quarter. SteelPeak Wealth LLC now owns 3,705 shares of the exchange traded fund’s stock worth $331,000 after buying an additional 118 shares in the last quarter. Real Talk Capital LLC raised its position in shares of iShares 20+ Year Treasury Bond ETF by 1.1% in the first quarter. Real Talk Capital LLC now owns 12,242 shares of the exchange traded fund’s stock valued at $1,115,000 after buying an additional 129 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB lifted its stake in shares of iShares 20+ Year Treasury Bond ETF by 38.4% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 465 shares of the exchange traded fund’s stock valued at $41,000 after buying an additional 129 shares during the period. 73.33% of the stock is currently owned by hedge funds and other institutional investors.

iShares 20+ Year Treasury Bond ETF Stock Performance

Shares of NASDAQ TLT opened at $87.03 on Monday. The firm has a market cap of $47.88 billion, a P/E ratio of -6.75 and a beta of 0.53. iShares 20+ Year Treasury Bond ETF has a 1 year low of $83.29 and a 1 year high of $94.09. The firm’s 50 day moving average price is $88.94 and its 200 day moving average price is $88.34.

iShares 20+ Year Treasury Bond ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Wednesday, December 24th. Stockholders of record on Friday, December 19th were issued a dividend of $0.3424 per share. This represents a c) annualized dividend and a dividend yield of 4.7%. This is a positive change from iShares 20+ Year Treasury Bond ETF’s previous monthly dividend of $0.32. The ex-dividend date was Friday, December 19th.

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.