Confluence Investment Management LLC Sells 30,543 Shares of iShares 20+ Year Treasury Bond ETF $TLT

Confluence Investment Management LLC lessened its holdings in iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) by 92.7% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 2,399 shares of the exchange traded fund’s stock after selling 30,543 shares during the quarter. Confluence Investment Management LLC’s holdings in iShares 20+ Year Treasury Bond ETF were worth $209,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. GK Wealth Management LLC boosted its position in iShares 20+ Year Treasury Bond ETF by 4.6% in the fourth quarter. GK Wealth Management LLC now owns 5,882 shares of the exchange traded fund’s stock worth $513,000 after purchasing an additional 259 shares during the last quarter. Foguth Wealth Management LLC. bought a new position in iShares 20+ Year Treasury Bond ETF in the 4th quarter valued at $5,850,000. Boltwood Capital Management increased its position in shares of iShares 20+ Year Treasury Bond ETF by 8.4% during the 4th quarter. Boltwood Capital Management now owns 19,064 shares of the exchange traded fund’s stock valued at $1,662,000 after purchasing an additional 1,479 shares during the last quarter. Insight Wealth Strategies LLC increased its position in shares of iShares 20+ Year Treasury Bond ETF by 2.2% during the 4th quarter. Insight Wealth Strategies LLC now owns 320,946 shares of the exchange traded fund’s stock valued at $27,974,000 after purchasing an additional 6,786 shares during the last quarter. Finally, Global Wealth Strategies & Associates raised its stake in shares of iShares 20+ Year Treasury Bond ETF by 7.4% during the 4th quarter. Global Wealth Strategies & Associates now owns 75,993 shares of the exchange traded fund’s stock worth $6,624,000 after purchasing an additional 5,245 shares during the period. 73.33% of the stock is owned by institutional investors.

iShares 20+ Year Treasury Bond ETF Stock Performance

Shares of NASDAQ:TLT opened at $85.83 on Friday. The company’s 50-day moving average is $88.22 and its 200 day moving average is $88.87. The company has a market capitalization of $44.54 billion, a P/E ratio of -6.75 and a beta of 0.53. iShares 20+ Year Treasury Bond ETF has a fifty-two week low of $83.29 and a fifty-two week high of $94.09.

iShares 20+ Year Treasury Bond ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Thursday, March 5th. Shareholders of record on Monday, March 2nd were given a $0.3006 dividend. The ex-dividend date of this dividend was Monday, March 2nd. This represents a c) annualized dividend and a yield of 4.2%.

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.