Sowell Financial Services LLC Cuts Stock Position in iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT)

Sowell Financial Services LLC decreased its holdings in shares of iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) by 60.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 52,916 shares of the exchange traded fund’s stock after selling 79,485 shares during the quarter. Sowell Financial Services LLC’s holdings in iShares 20+ Year Treasury Bond ETF were worth $4,621,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Assetmark Inc. grew its position in iShares 20+ Year Treasury Bond ETF by 3,121.7% in the third quarter. Assetmark Inc. now owns 4,461,161 shares of the exchange traded fund’s stock valued at $437,640,000 after acquiring an additional 4,322,688 shares in the last quarter. Quadrature Capital Ltd purchased a new position in shares of iShares 20+ Year Treasury Bond ETF in the third quarter valued at $89,789,000. Cassaday & Co Wealth Management LLC acquired a new stake in iShares 20+ Year Treasury Bond ETF during the 4th quarter valued at $68,474,000. US Bancorp DE increased its stake in iShares 20+ Year Treasury Bond ETF by 78.0% during the 4th quarter. US Bancorp DE now owns 1,697,051 shares of the exchange traded fund’s stock worth $148,211,000 after buying an additional 743,864 shares during the period. Finally, DRW Securities LLC purchased a new stake in iShares 20+ Year Treasury Bond ETF during the 3rd quarter worth $63,060,000. 73.32% of the stock is owned by hedge funds and other institutional investors.

iShares 20+ Year Treasury Bond ETF Price Performance

NASDAQ:TLT opened at $90.11 on Friday. The firm has a 50-day moving average of $88.41 and a two-hundred day moving average of $92.19. The stock has a market cap of $54.77 billion, a P/E ratio of -7.34 and a beta of 0.06. iShares 20+ Year Treasury Bond ETF has a 1-year low of $84.89 and a 1-year high of $101.64.

iShares 20+ Year Treasury Bond ETF Cuts Dividend

The firm also recently declared a dividend, which was paid on Thursday, March 6th. Investors of record on Monday, March 3rd were issued a $0.2898 dividend. The ex-dividend date was Monday, March 3rd.

About iShares 20+ Year Treasury Bond ETF

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.