FPC Investment Advisory Inc. Sells 11,730 Shares of iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT)

FPC Investment Advisory Inc. lowered its position in iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) by 11.3% during the fourth quarter, HoldingsChannel.com reports. The fund owned 92,427 shares of the exchange traded fund’s stock after selling 11,730 shares during the quarter. iShares 20+ Year Treasury Bond ETF accounts for approximately 5.9% of FPC Investment Advisory Inc.’s holdings, making the stock its 7th largest holding. FPC Investment Advisory Inc.’s holdings in iShares 20+ Year Treasury Bond ETF were worth $8,111,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also modified their holdings of TLT. Independence Bank of Kentucky purchased a new stake in iShares 20+ Year Treasury Bond ETF in the 4th quarter valued at approximately $26,000. Richardson Financial Services Inc. purchased a new stake in iShares 20+ Year Treasury Bond ETF in the 4th quarter valued at approximately $30,000. New Wave Wealth Advisors LLC purchased a new stake in iShares 20+ Year Treasury Bond ETF in the 4th quarter valued at approximately $32,000. Van ECK Associates Corp lifted its stake in iShares 20+ Year Treasury Bond ETF by 82.4% in the 4th quarter. Van ECK Associates Corp now owns 394 shares of the exchange traded fund’s stock valued at $34,000 after buying an additional 178 shares in the last quarter. Finally, West Branch Capital LLC lifted its stake in iShares 20+ Year Treasury Bond ETF by 94.9% in the 4th quarter. West Branch Capital LLC now owns 417 shares of the exchange traded fund’s stock valued at $36,000 after buying an additional 203 shares in the last quarter. Institutional investors and hedge funds own 73.32% of the company’s stock.

iShares 20+ Year Treasury Bond ETF Stock Performance

TLT stock opened at $89.57 on Friday. iShares 20+ Year Treasury Bond ETF has a 1 year low of $84.89 and a 1 year high of $101.64. The stock’s 50 day moving average price is $87.86 and its 200 day moving average price is $92.60. The firm has a market cap of $54.44 billion, a P/E ratio of -7.14 and a beta of 0.06.

iShares 20+ Year Treasury Bond ETF Cuts Dividend

The firm also recently declared a dividend, which was paid on Thursday, February 6th. Shareholders of record on Monday, February 3rd were paid a dividend of $0.3123 per share. The ex-dividend date of this dividend was Monday, February 3rd.

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.