GM Advisory Group LLC Decreases Stock Position in iShares 20+ Year Treasury Bond ETF $TLT

GM Advisory Group LLC trimmed its stake in shares of iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) by 6.3% in the 3rd quarter, HoldingsChannel reports. The firm owned 263,564 shares of the exchange traded fund’s stock after selling 17,773 shares during the period. iShares 20+ Year Treasury Bond ETF makes up 1.0% of GM Advisory Group LLC’s investment portfolio, making the stock its 22nd biggest position. GM Advisory Group LLC’s holdings in iShares 20+ Year Treasury Bond ETF were worth $23,555,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the stock. Cary Street Partners Investment Advisory LLC boosted its stake in shares of iShares 20+ Year Treasury Bond ETF by 130.9% in the 2nd quarter. Cary Street Partners Investment Advisory LLC now owns 284 shares of the exchange traded fund’s stock valued at $25,000 after buying an additional 161 shares during the period. Greykasell Wealth Strategies Inc. purchased a new stake in shares of iShares 20+ Year Treasury Bond ETF during the third quarter worth approximately $27,000. Ameritas Investment Partners Inc. purchased a new stake in shares of iShares 20+ Year Treasury Bond ETF during the second quarter worth approximately $33,000. First Command Advisory Services Inc. acquired a new stake in iShares 20+ Year Treasury Bond ETF in the third quarter valued at approximately $33,000. Finally, Smartleaf Asset Management LLC acquired a new stake in iShares 20+ Year Treasury Bond ETF in the third quarter valued at approximately $33,000. Hedge funds and other institutional investors own 73.33% of the company’s stock.

iShares 20+ Year Treasury Bond ETF Stock Up 0.3%

Shares of iShares 20+ Year Treasury Bond ETF stock opened at $87.45 on Wednesday. iShares 20+ Year Treasury Bond ETF has a 52-week low of $83.29 and a 52-week high of $94.09. The company has a market capitalization of $45.38 billion, a P/E ratio of -6.75 and a beta of 0.53. The company has a 50 day moving average of $88.28 and a 200 day moving average of $88.87.

iShares 20+ Year Treasury Bond ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Thursday, March 5th. Stockholders of record on Monday, March 2nd were issued a $0.3006 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date was Monday, March 2nd.

iShares 20+ Year Treasury Bond ETF Company 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. The Underlying Index includes all publicly-issued the United States Treasury securities that have a remaining maturity of greater than or equal to 20 years.