Mayflower Financial Advisors LLC Reduces Position in iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT)

Mayflower Financial Advisors LLC trimmed its holdings in iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) by 14.7% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 22,509 shares of the exchange traded fund’s stock after selling 3,870 shares during the period. Mayflower Financial Advisors LLC’s holdings in iShares 20+ Year Treasury Bond ETF were worth $2,208,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Northwestern Mutual Wealth Management Co. grew its position in iShares 20+ Year Treasury Bond ETF by 2,810.7% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 32,622,890 shares of the exchange traded fund’s stock valued at $2,994,131,000 after acquiring an additional 31,502,110 shares during the last quarter. Jane Street Group LLC increased its stake in iShares 20+ Year Treasury Bond ETF by 49.1% in the 1st quarter. Jane Street Group LLC now owns 19,599,021 shares of the exchange traded fund’s stock worth $1,854,459,000 after buying an additional 6,457,638 shares during the period. Assetmark Inc. lifted its holdings in iShares 20+ Year Treasury Bond ETF by 3,121.7% during the 3rd quarter. Assetmark Inc. now owns 4,461,161 shares of the exchange traded fund’s stock valued at $437,640,000 after buying an additional 4,322,688 shares in the last quarter. Annex Advisory Services LLC boosted its position in iShares 20+ Year Treasury Bond ETF by 11,463.6% in the 2nd quarter. Annex Advisory Services LLC now owns 2,538,906 shares of the exchange traded fund’s stock valued at $233,021,000 after buying an additional 2,516,950 shares during the period. Finally, Hantz Financial Services Inc. bought a new position in iShares 20+ Year Treasury Bond ETF in the 2nd quarter worth about $143,473,000. 73.32% of the stock is owned by institutional investors.

iShares 20+ Year Treasury Bond ETF Stock Performance

Shares of NASDAQ:TLT opened at $92.49 on Friday. The firm’s 50 day simple moving average is $95.92 and its 200-day simple moving average is $94.14. iShares 20+ Year Treasury Bond ETF has a one year low of $86.74 and a one year high of $101.64. The firm has a market cap of $59.92 billion, a PE ratio of -7.14 and a beta of 0.06.

iShares 20+ Year Treasury Bond ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Wednesday, November 6th. Shareholders of record on Friday, November 1st were issued a dividend of $0.3105 per share. This is an increase from iShares 20+ Year Treasury Bond ETF’s previous monthly dividend of $0.29. This represents a $3.73 annualized dividend and a yield of 4.03%. The ex-dividend date was Friday, November 1st.

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.