Summit Financial LLC Sells 37,020 Shares of iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT)

Summit Financial LLC lowered its stake in iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) by 28.6% in the 4th quarter, Holdings Channel reports. The firm owned 92,488 shares of the exchange traded fund’s stock after selling 37,020 shares during the quarter. Summit Financial LLC’s holdings in iShares 20+ Year Treasury Bond ETF were worth $8,077,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in TLT. Hazlett Burt & Watson Inc. raised its stake in shares of iShares 20+ Year Treasury Bond ETF by 4.9% during the fourth quarter. Hazlett Burt & Watson Inc. now owns 2,446 shares of the exchange traded fund’s stock valued at $214,000 after acquiring an additional 115 shares during the last quarter. Hollencrest Capital Management raised its position in iShares 20+ Year Treasury Bond ETF by 0.9% during the 4th quarter. Hollencrest Capital Management now owns 14,419 shares of the exchange traded fund’s stock valued at $1,259,000 after purchasing an additional 122 shares during the last quarter. New Republic Capital LLC raised its position in iShares 20+ Year Treasury Bond ETF by 12.2% during the 4th quarter. New Republic Capital LLC now owns 1,289 shares of the exchange traded fund’s stock valued at $113,000 after purchasing an additional 140 shares during the last quarter. Pinnacle Family Advisors LLC grew its position in shares of iShares 20+ Year Treasury Bond ETF by 6.3% in the 3rd quarter. Pinnacle Family Advisors LLC now owns 2,472 shares of the exchange traded fund’s stock worth $242,000 after buying an additional 147 shares during the last quarter. Finally, Claro Advisors LLC increased its stake in shares of iShares 20+ Year Treasury Bond ETF by 0.9% during the fourth quarter. Claro Advisors LLC now owns 16,347 shares of the exchange traded fund’s stock valued at $1,428,000 after buying an additional 149 shares during the period. Hedge funds and other institutional investors own 73.32% of the company’s stock.

iShares 20+ Year Treasury Bond ETF Stock Up 1.4 %

Shares of TLT stock opened at $90.14 on Monday. The firm has a market capitalization of $54.79 billion, a price-to-earnings ratio of -7.21 and a beta of 0.06. The stock has a fifty day moving average of $89.51 and a 200 day moving average of $91.28. iShares 20+ Year Treasury Bond ETF has a 52 week low of $84.89 and a 52 week high of $101.64.

iShares 20+ Year Treasury Bond ETF Cuts Dividend

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

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.