Commonwealth Financial Services LLC Sells 77,757 Shares of iShares 20+ Year Treasury Bond ETF $TLT

Commonwealth Financial Services LLC cut its stake in shares of iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) by 94.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,442 shares of the exchange traded fund’s stock after selling 77,757 shares during the period. Commonwealth Financial Services LLC’s holdings in iShares 20+ Year Treasury Bond ETF were worth $385,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of TLT. Brighton Jones LLC increased its stake in iShares 20+ Year Treasury Bond ETF by 28.0% in the 4th quarter. Brighton Jones LLC now owns 2,747 shares of the exchange traded fund’s stock valued at $240,000 after buying an additional 601 shares during the last quarter. Capstone Wealth Management Group LLC boosted its stake in shares of iShares 20+ Year Treasury Bond ETF by 409.3% in the 1st quarter. Capstone Wealth Management Group LLC now owns 50,847 shares of the exchange traded fund’s stock worth $4,629,000 after buying an additional 40,863 shares during the last quarter. Russell Investments Group Ltd. grew its holdings in shares of iShares 20+ Year Treasury Bond ETF by 520.4% in the second quarter. Russell Investments Group Ltd. now owns 608 shares of the exchange traded fund’s stock valued at $54,000 after acquiring an additional 510 shares in the last quarter. The Manufacturers Life Insurance Company grew its holdings in shares of iShares 20+ Year Treasury Bond ETF by 28.7% in the second quarter. The Manufacturers Life Insurance Company now owns 808,479 shares of the exchange traded fund’s stock valued at $71,348,000 after acquiring an additional 180,073 shares in the last quarter. Finally, Alliancebernstein L.P. grew its holdings in shares of iShares 20+ Year Treasury Bond ETF by 2.3% in the second quarter. Alliancebernstein L.P. now owns 2,814,624 shares of the exchange traded fund’s stock valued at $248,391,000 after acquiring an additional 63,442 shares in the last quarter. 73.33% of the stock is owned by hedge funds and other institutional investors.

iShares 20+ Year Treasury Bond ETF Stock Performance

Shares of TLT opened at $84.52 on Monday. The stock has a 50 day moving average of $85.28 and a 200 day moving average of $86.72. The company has a market capitalization of $42.99 billion, a price-to-earnings ratio of -6.75 and a beta of 0.51. iShares 20+ Year Treasury Bond ETF has a 12 month low of $82.77 and a 12 month high of $92.18.

iShares 20+ Year Treasury Bond ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Tuesday, July 7th. Shareholders of record on Wednesday, July 1st were paid a $0.318 dividend. This represents a c) dividend on an annualized basis and a yield of 4.5%. The ex-dividend date was Wednesday, July 1st.

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. 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.