iShares 20+ Year Treasury Bond ETF $TLT Shares Sold by Archer Investment Management LLC

Archer Investment Management LLC trimmed its holdings in iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) by 27.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 44,911 shares of the exchange traded fund’s stock after selling 16,941 shares during the period. iShares 20+ Year Treasury Bond ETF comprises approximately 2.1% of Archer Investment Management LLC’s holdings, making the stock its 13th largest holding. Archer Investment Management LLC’s holdings in iShares 20+ Year Treasury Bond ETF were worth $3,914,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Brighton Jones LLC increased its holdings in shares of 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 worth $240,000 after acquiring an additional 601 shares during the period. Capstone Wealth Management Group LLC lifted its position in 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 valued at $4,629,000 after purchasing an additional 40,863 shares during the last quarter. Franklin Resources Inc. boosted its stake in iShares 20+ Year Treasury Bond ETF by 124.3% during the 2nd quarter. Franklin Resources Inc. now owns 54,502 shares of the exchange traded fund’s stock valued at $4,810,000 after purchasing an additional 278,869 shares during the period. Global Retirement Partners LLC bought a new position in iShares 20+ Year Treasury Bond ETF in the 2nd quarter worth about $764,000. Finally, Ameritas Investment Partners Inc. bought a new position in iShares 20+ Year Treasury Bond ETF in the 2nd quarter worth about $33,000. Institutional investors and hedge funds own 73.33% of the company’s stock.

iShares 20+ Year Treasury Bond ETF Price Performance

TLT opened at $86.01 on Wednesday. The stock’s 50 day moving average price is $88.16 and its 200 day moving average price is $88.86. The stock has a market cap of $44.63 billion, a P/E ratio of -6.75 and a beta of 0.53. iShares 20+ Year Treasury Bond ETF has a 12 month low of $83.29 and a 12 month high of $94.09.

iShares 20+ Year Treasury Bond ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, March 5th. Investors of record on Monday, March 2nd were paid a dividend of $0.3006 per share. 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.