iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) Shares Sold by Valmark Advisers Inc.

Valmark Advisers Inc. trimmed its holdings in iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) by 6.9% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,784 shares of the exchange traded fund’s stock after selling 279 shares during the quarter. Valmark Advisers Inc.’s holdings in iShares 20+ Year Treasury Bond ETF were worth $371,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the stock. Motco acquired a new stake in shares of iShares 20+ Year Treasury Bond ETF during the first quarter worth about $32,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in iShares 20+ Year Treasury Bond ETF during the second quarter worth approximately $34,000. Riggs Asset Managment Co. Inc. purchased a new stake in iShares 20+ Year Treasury Bond ETF in the second quarter valued at approximately $35,000. ORG Wealth Partners LLC acquired a new stake in shares of iShares 20+ Year Treasury Bond ETF in the third quarter valued at approximately $35,000. Finally, Anfield Capital Management LLC purchased a new position in shares of iShares 20+ Year Treasury Bond ETF during the second quarter worth approximately $36,000. 73.32% of the stock is currently owned by hedge funds and other institutional investors.

iShares 20+ Year Treasury Bond ETF Price Performance

TLT stock opened at $92.45 on Friday. The company has a market cap of $58.99 billion, a price-to-earnings ratio of -7.14 and a beta of 0.06. The company has a fifty day moving average price of $96.76 and a 200 day moving average price of $94.00. iShares 20+ Year Treasury Bond ETF has a 12 month low of $83.55 and a 12 month high of $101.64.

iShares 20+ Year Treasury Bond ETF Cuts Dividend

The firm also recently announced a dividend, which was paid on Friday, September 6th. Stockholders of record on Tuesday, September 3rd were issued a $0.3128 dividend. The ex-dividend date was Tuesday, September 3rd.

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.