Professional Financial Advisors LLC Sells 45,720 Shares of iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT)

Professional Financial Advisors LLC cut its position in shares of iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) by 83.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 8,793 shares of the exchange traded fund’s stock after selling 45,720 shares during the quarter. Professional Financial Advisors LLC’s holdings in iShares 20+ Year Treasury Bond ETF were worth $768,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Principal Financial Group Inc. lifted its stake in iShares 20+ Year Treasury Bond ETF by 45.5% in the third quarter. Principal Financial Group Inc. now owns 88,273 shares of the exchange traded fund’s stock valued at $8,660,000 after acquiring an additional 27,586 shares during the last quarter. Vontobel Holding Ltd. grew its holdings in iShares 20+ Year Treasury Bond ETF by 99.7% during the third quarter. Vontobel Holding Ltd. now owns 72,263 shares of the exchange traded fund’s stock worth $7,089,000 after purchasing an additional 36,070 shares during the period. RPg Family Wealth Advisory LLC increased its position in iShares 20+ Year Treasury Bond ETF by 11.5% during the second quarter. RPg Family Wealth Advisory LLC now owns 24,583 shares of the exchange traded fund’s stock worth $2,256,000 after buying an additional 2,541 shares during the last quarter. Full Sail Capital LLC raised its stake in iShares 20+ Year Treasury Bond ETF by 5.3% in the second quarter. Full Sail Capital LLC now owns 70,398 shares of the exchange traded fund’s stock valued at $6,461,000 after buying an additional 3,530 shares during the period. Finally, Commerce Bank boosted its stake in shares of iShares 20+ Year Treasury Bond ETF by 32.7% during the 3rd quarter. Commerce Bank now owns 9,840 shares of the exchange traded fund’s stock worth $965,000 after acquiring an additional 2,426 shares during the period. Institutional investors own 73.32% of the company’s stock.

iShares 20+ Year Treasury Bond ETF Price Performance

Shares of TLT opened at $85.43 on Tuesday. The firm has a market capitalization of $49.57 billion, a PE ratio of -7.14 and a beta of 0.06. The company’s 50-day moving average is $90.22 and its 200-day moving average is $93.73. iShares 20+ Year Treasury Bond ETF has a fifty-two week low of $85.04 and a fifty-two week high of $101.64.

iShares 20+ Year Treasury Bond ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Monday, December 23rd. Stockholders of record on Wednesday, December 18th were issued a dividend of $0.351 per share. The ex-dividend date of this dividend was Wednesday, December 18th. This represents a $4.21 dividend on an annualized basis and a dividend yield of 4.93%. This is an increase from iShares 20+ Year Treasury Bond ETF’s previous monthly dividend of $0.31.

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.