PNC Financial Services Group Inc. Cuts Holdings in iShares 20+ Year Treasury Bond ETF $TLT

PNC Financial Services Group Inc. lowered its position in iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) by 3.1% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 317,709 shares of the exchange traded fund’s stock after selling 10,237 shares during the period. PNC Financial Services Group Inc.’s holdings in iShares 20+ Year Treasury Bond ETF were worth $27,542,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Brighton Jones LLC boosted its position in iShares 20+ Year Treasury Bond ETF by 28.0% during the fourth quarter. Brighton Jones LLC now owns 2,747 shares of the exchange traded fund’s stock worth $240,000 after purchasing an additional 601 shares in the last quarter. Capstone Wealth Management Group LLC grew its holdings in iShares 20+ Year Treasury Bond ETF by 409.3% in the first quarter. Capstone Wealth Management Group LLC now owns 50,847 shares of the exchange traded fund’s stock valued at $4,629,000 after purchasing an additional 40,863 shares during the period. Russell Investments Group Ltd. increased its position in shares of iShares 20+ Year Treasury Bond ETF by 520.4% in the second quarter. Russell Investments Group Ltd. now owns 608 shares of the exchange traded fund’s stock valued at $54,000 after buying an additional 510 shares in the last quarter. The Manufacturers Life Insurance Company increased its position in shares of iShares 20+ Year Treasury Bond ETF by 28.7% in the second quarter. The Manufacturers Life Insurance Company now owns 808,479 shares of the exchange traded fund’s stock valued at $71,348,000 after buying an additional 180,073 shares in the last quarter. Finally, Alliancebernstein L.P. raised its stake in shares of iShares 20+ Year Treasury Bond ETF by 2.3% during the 2nd quarter. Alliancebernstein L.P. now owns 2,814,624 shares of the exchange traded fund’s stock worth $248,391,000 after buying an additional 63,442 shares during the period. 73.33% of the stock is owned by hedge funds and other institutional investors.

iShares 20+ Year Treasury Bond ETF Price Performance

Shares of NASDAQ:TLT opened at $83.25 on Friday. iShares 20+ Year Treasury Bond ETF has a 1 year low of $82.77 and a 1 year high of $92.18. The firm has a market capitalization of $41.83 billion, a price-to-earnings ratio of -6.75 and a beta of 0.51. The business’s 50 day moving average price is $85.15 and its 200-day moving average price is $86.59.

iShares 20+ Year Treasury Bond ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Tuesday, July 7th. Shareholders of record on Wednesday, July 1st were given a dividend of $0.318 per share. The ex-dividend date was Wednesday, July 1st. This represents a c) dividend on an annualized basis and a yield of 4.6%.

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.