Northwestern Mutual Wealth Management Co. Cuts Position in iShares 20+ Year Treasury Bond ETF $TLT

Northwestern Mutual Wealth Management Co. lessened its position in shares of iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) by 98.1% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 779,992 shares of the exchange traded fund’s stock after selling 40,941,503 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in iShares 20+ Year Treasury Bond ETF were worth $67,984,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Greykasell Wealth Strategies Inc. purchased a new position in iShares 20+ Year Treasury Bond ETF during the 3rd quarter valued at approximately $27,000. Strategic Investment Advisors MI purchased a new position in iShares 20+ Year Treasury Bond ETF during the 3rd quarter valued at approximately $27,000. First Command Advisory Services Inc. purchased a new position in iShares 20+ Year Treasury Bond ETF during the 3rd quarter valued at approximately $33,000. Smartleaf Asset Management LLC purchased a new position in iShares 20+ Year Treasury Bond ETF during the 3rd quarter valued at approximately $33,000. Finally, Trust Co. of Vermont grew its holdings in iShares 20+ Year Treasury Bond ETF by 90.5% during the 4th quarter. Trust Co. of Vermont now owns 381 shares of the exchange traded fund’s stock valued at $33,000 after buying an additional 181 shares in the last quarter. Hedge funds and other institutional investors own 73.33% of the company’s stock.

iShares 20+ Year Treasury Bond ETF Stock Performance

Shares of iShares 20+ Year Treasury Bond ETF stock opened at $83.66 on Monday. The stock has a market cap of $41.63 billion, a price-to-earnings ratio of -6.75 and a beta of 0.53. The stock has a 50 day moving average price of $86.54 and a 200-day moving average price of $87.89. iShares 20+ Year Treasury Bond ETF has a one year low of $83.29 and a one year high of $92.18.

iShares 20+ Year Treasury Bond ETF Announces Dividend

The business also recently announced a monthly dividend, which was paid on Wednesday, May 6th. Stockholders of record on Friday, May 1st were issued a $0.3153 dividend. The ex-dividend date was Friday, May 1st. This represents a c) dividend on an annualized basis and a dividend yield of 4.5%.

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.