Flagship Harbor Advisors LLC Reduces Holdings in iShares 20+ Year Treasury Bond ETF

In the fourth quarter, Flagship Harbor Advisors LLC reduced its investment in the iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT – Free Report) by 12.7%, as indicated by recent reports from Holdings Channel.com. Following this reduction, Flagship Harbor Advisors LLC now holds 5,273 shares of this exchange-traded fund after selling 770 shares during the quarter. According to the latest SEC filing, the value of their stake in the iShares 20+ Year Treasury Bond ETF is approximately $461,000.

In addition to Flagship Harbor Advisors LLC, several other hedge funds and institutional investors have also adjusted their positions in this ETF recently. For instance, Assetmark Inc. significantly increased its stake in the ETF by a staggering 3,121.7% in the third quarter, acquiring an additional 4,322,688 shares, bringing its total to 4,461,161 shares, which are now valued at around $437,640,000.

Furthermore, Harvest Portfolios Group Inc. boosted its shareholdings by 33.0% during the same period, now owning 2,753,709 shares worth approximately $270,139,000 after adding 683,915 shares. Similarly, Mirae Asset Global Investments Co. Ltd. expanded its holdings by 51.9%, obtaining 709,409 additional shares to reach 2,075,806 shares valued at about $204,612,000.

Hantz Financial Services Inc. increased its stake by 14.0%, now holding 1,782,601 shares following an acquisition of 219,372 shares, and Commonwealth Equity Services LLC raised its position by 25.4%, owning a total of 1,748,635 shares with an added 354,610 shares during the last quarter. Overall, about 73.32% of the ETF's stock is currently owned by hedge funds and institutional investors.

Performance of iShares 20+ Year Treasury Bond ETF

The iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) opened at $88.18 on Wednesday, with a market capitalization of $52.12 billion. The ETF currently has a PE ratio of -7.14 and a beta of 0.06. Its performance over the past year shows a low of $84.89 and a high of $101.64, while the 50-day and 200-day simple moving averages are $89.26 and $93.29, respectively.

Recent Dividend Announcement

The fund recently declared a monthly dividend, which was distributed on December 23rd. Shareholders who were on record as of December 18th received a dividend payment of $0.351 per share. This was an increase from the previous monthly dividend of $0.31, representing an annualized dividend of $4.21 and a dividend yield of 4.78%.

Overview of iShares 20+ Year Treasury Bond ETF

The iShares 20+ Year Treasury Bond ETF is an exchange-traded fund that aims to reflect the investment performance of an index that includes United States Treasury bonds with maturities exceeding 20 years. This fund specifically tracks the Barclays U.S. 20+ Year Treasury Bond Index, which evaluates the performance of public obligations issued by the U.S. Treasury that have remaining maturities of 20 years or more.

ETFs, Investing, Dividends