Confluence Investment Management LLC Has $209,000 Holdings in iShares 20+ Year Treasury Bond ETF $TLT

Confluence Investment Management LLC decreased its holdings in iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) by 92.7% during the 4th quarter, according to the company in its most recent filing with the SEC. 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 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Cary Street Partners Investment Advisory LLC raised its stake in shares of iShares 20+ Year Treasury Bond ETF by 130.9% in the second quarter. Cary Street Partners Investment Advisory LLC now owns 284 shares of the exchange traded fund’s stock worth $25,000 after purchasing an additional 161 shares during the last quarter. Greykasell Wealth Strategies Inc. purchased a new position in shares of iShares 20+ Year Treasury Bond ETF during the third quarter valued at approximately $27,000. Strategic Investment Advisors MI bought a new stake in iShares 20+ Year Treasury Bond ETF during the third quarter worth $27,000. Ameritas Investment Partners Inc. bought a new stake in iShares 20+ Year Treasury Bond ETF during the second quarter worth $33,000. Finally, First Command Advisory Services Inc. purchased a new stake in iShares 20+ Year Treasury Bond ETF in the 3rd quarter valued at $33,000. Institutional investors and hedge funds own 73.33% of the company’s stock.

iShares 20+ Year Treasury Bond ETF Trading Down 1.9%

Shares of NASDAQ:TLT opened at $85.83 on Friday. The stock’s fifty day simple moving average is $88.22 and its two-hundred day simple moving average is $88.87. iShares 20+ Year Treasury Bond ETF has a 1-year low of $83.29 and a 1-year high of $94.09. The stock has a market cap of $44.54 billion, a PE ratio of -6.75 and a beta of 0.53.

iShares 20+ Year Treasury Bond ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, March 5th. Stockholders of record on Monday, March 2nd were issued a $0.3006 dividend. The ex-dividend date was Monday, March 2nd. This represents a c) annualized dividend and a dividend 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.