Verus Capital Partners LLC Reduces Stake in iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT)

Verus Capital Partners LLC lessened its stake in shares of iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) by 9.5% in the fourth quarter, Holdings Channel reports. The institutional investor owned 38,042 shares of the exchange traded fund’s stock after selling 3,993 shares during the quarter. Verus Capital Partners LLC’s holdings in iShares 20+ Year Treasury Bond ETF were worth $3,322,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Independence Bank of Kentucky purchased a new stake in shares of iShares 20+ Year Treasury Bond ETF in the fourth quarter worth $26,000. Richardson Financial Services Inc. purchased a new stake in shares of iShares 20+ Year Treasury Bond ETF in the 4th quarter valued at about $30,000. New Wave Wealth Advisors LLC bought a new stake in shares of iShares 20+ Year Treasury Bond ETF during the 4th quarter valued at about $32,000. Van ECK Associates Corp boosted its position in shares of iShares 20+ Year Treasury Bond ETF by 82.4% during the 4th quarter. Van ECK Associates Corp now owns 394 shares of the exchange traded fund’s stock valued at $34,000 after acquiring an additional 178 shares during the last quarter. Finally, West Branch Capital LLC increased its position in shares of iShares 20+ Year Treasury Bond ETF by 94.9% in the fourth quarter. West Branch Capital LLC now owns 417 shares of the exchange traded fund’s stock worth $36,000 after purchasing an additional 203 shares during the last quarter. 73.32% of the stock is currently owned by institutional investors.

iShares 20+ Year Treasury Bond ETF Price Performance

Shares of TLT opened at $91.31 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 company has a market capitalization of $55.50 billion, a P/E ratio of -7.14 and a beta of 0.06. The firm’s 50 day simple moving average is $87.99 and its 200 day simple moving average is $92.49.

iShares 20+ Year Treasury Bond ETF Cuts Dividend

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