Indie Asset Partners LLC Trims Stock Position in iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT)

Indie Asset Partners LLC trimmed its stake in iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) by 69.5% in the 3rd quarter, HoldingsChannel reports. The firm owned 5,567 shares of the exchange traded fund’s stock after selling 12,664 shares during the quarter. Indie Asset Partners LLC’s holdings in iShares 20+ Year Treasury Bond ETF were worth $546,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Motco bought a new stake in iShares 20+ Year Treasury Bond ETF during the 1st quarter valued at approximately $32,000. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of iShares 20+ Year Treasury Bond ETF in the 2nd quarter valued at approximately $34,000. Riggs Asset Managment Co. Inc. bought a new stake in shares of iShares 20+ Year Treasury Bond ETF during the second quarter valued at approximately $35,000. ORG Wealth Partners LLC purchased a new stake in iShares 20+ Year Treasury Bond ETF in the third quarter worth $35,000. Finally, Anfield Capital Management LLC bought a new position in iShares 20+ Year Treasury Bond ETF in the second quarter worth $36,000. Hedge funds and other institutional investors own 73.32% of the company’s stock.

iShares 20+ Year Treasury Bond ETF Trading Down 1.4 %

Shares of TLT stock opened at $90.84 on Friday. The company’s fifty day moving average price is $96.50 and its 200-day moving average price is $94.00. The stock has a market cap of $57.97 billion, a PE ratio of -7.14 and a beta of 0.06. iShares 20+ Year Treasury Bond ETF has a 12 month low of $86.22 and a 12 month high of $101.64.

iShares 20+ Year Treasury Bond ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, November 6th. Shareholders of record on Friday, November 1st will be issued a $0.3105 dividend. This represents a $3.73 dividend on an annualized basis and a yield of 4.10%. The ex-dividend date of this dividend is Friday, November 1st. This is a boost from iShares 20+ Year Treasury Bond ETF’s previous monthly dividend of $0.29.

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.