Bank of New York Mellon Corp Sells 449,813 Shares of iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT)

Bank of New York Mellon Corp trimmed its holdings in shares of iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) by 47.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 495,490 shares of the exchange traded fund’s stock after selling 449,813 shares during the period. Bank of New York Mellon Corp owned 0.09% of iShares 20+ Year Treasury Bond ETF worth $45,104,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of TLT. Envestnet Asset Management Inc. increased its stake in iShares 20+ Year Treasury Bond ETF by 1.9% in the fourth quarter. Envestnet Asset Management Inc. now owns 15,956,950 shares of the exchange traded fund’s stock valued at $1,393,520,000 after purchasing an additional 298,003 shares in the last quarter. FMR LLC increased its stake in iShares 20+ Year Treasury Bond ETF by 24.3% in the fourth quarter. FMR LLC now owns 7,274,989 shares of the exchange traded fund’s stock valued at $635,325,000 after purchasing an additional 1,421,699 shares in the last quarter. LPL Financial LLC increased its stake in iShares 20+ Year Treasury Bond ETF by 4.1% in the fourth quarter. LPL Financial LLC now owns 6,035,096 shares of the exchange traded fund’s stock valued at $527,045,000 after purchasing an additional 235,504 shares in the last quarter. Capula Management Ltd bought a new stake in iShares 20+ Year Treasury Bond ETF in the fourth quarter valued at approximately $455,550,000. Finally, Mackenzie Financial Corp increased its stake in iShares 20+ Year Treasury Bond ETF by 0.9% in the fourth quarter. Mackenzie Financial Corp now owns 3,911,300 shares of the exchange traded fund’s stock valued at $341,574,000 after purchasing an additional 35,500 shares in the last quarter. 73.32% of the stock is owned by institutional investors.

iShares 20+ Year Treasury Bond ETF Stock Performance

Shares of NASDAQ:TLT opened at $85.79 on Monday. iShares 20+ Year Treasury Bond ETF has a 52 week low of $83.30 and a 52 week high of $101.64. The company has a market capitalization of $46.53 billion, a PE ratio of -6.75 and a beta of 0.06. The company has a 50 day moving average price of $86.33 and a two-hundred day moving average price of $87.95.

iShares 20+ Year Treasury Bond ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Monday, July 7th. Shareholders of record on Tuesday, July 1st were paid a $0.3283 dividend. This represents a $3.94 annualized dividend and a yield of 4.59%. The ex-dividend date of this dividend was Tuesday, July 1st. This is an increase from iShares 20+ Year Treasury Bond ETF’s previous monthly dividend of $0.32.

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.