Smith Moore & CO. Sells 600 Shares of iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT)

Smith Moore & CO. trimmed its holdings in shares of iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) by 12.5% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 4,206 shares of the exchange traded fund’s stock after selling 600 shares during the period. Smith Moore & CO.’s holdings in iShares 20+ Year Treasury Bond ETF were worth $367,000 at the end of the most recent quarter.

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

iShares 20+ Year Treasury Bond ETF Price Performance

Shares of NASDAQ:TLT opened at $92.85 on Friday. The stock’s 50-day moving average is $89.95 and its 200 day moving average is $91.03. The company has a market cap of $52.76 billion, a PE ratio of -7.38 and a beta of 0.06. iShares 20+ Year Treasury Bond ETF has a 1 year low of $84.89 and a 1 year high of $101.64.

iShares 20+ Year Treasury Bond ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, April 4th. Investors of record on Tuesday, April 1st were issued a dividend of $0.3256 per share. The ex-dividend date of this dividend was Tuesday, April 1st. This represents a $3.91 dividend on an annualized basis and a dividend yield of 4.21%.

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.