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

In the fourth quarter, Flagship Harbor Advisors LLC reduced its stake in the iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) by 12.7%. According to reports from Holdings Channel.com, the firm sold 770 shares, leaving it with a total of 5,273 shares. As of the latest SEC filing, the value of Flagship Harbor Advisors LLC's holdings in the ETF stands at $461,000.

Several other hedge funds and institutional investors have also made recent adjustments to their positions in TLT. For instance, Assetmark Inc. saw a significant increase, growing its stake by an impressive 3,121.7% in the third quarter. After acquiring an additional 4,322,688 shares, Assetmark now owns a total of 4,461,161 shares, valued at approximately $437.64 million. Similarly, Harvest Portfolios Group Inc. increased its stake by 33.0%, acquiring an additional 683,915 shares, bringing its total to 2,753,709 shares worth $270.14 million.

Mirae Asset Global Investments Co. Ltd. also raised its position by 51.9%, now owning 2,075,806 shares valued at $204.61 million after acquiring an additional 709,409 shares. Hantz Financial Services Inc. and Commonwealth Equity Services LLC followed suit, with Hantz increasing its holdings by 14.0% and Commonwealth elevating its position by 25.4%. These adjustments reflect a broader trend among institutional investors, as approximately 73.32% of TLT's stock is currently held by hedge funds and other institutional backers.

Performance of iShares 20+ Year Treasury Bond ETF

The iShares 20+ Year Treasury Bond ETF is currently trading at $88.18 as of the latest session. This ETF boasts a market capitalization of about $52.12 billion, with a price-to-earnings (PE) ratio of -7.14 and a beta of 0.06. Over the past year, the ETF has recorded a low of $84.89 and a high of $101.64. The 50-day simple moving average stands at $89.26, while the 200-day simple moving average is at $93.29.

Recent Dividend Increase

Recently, the iShares 20+ Year Treasury Bond ETF announced an increase in its monthly dividend, which was paid on December 23rd. Shareholders who were recorded as of December 18th received a dividend of $0.351 per share, marking a positive change from the prior dividend of $0.31. This new dividend translates to an annualized total of $4.21 per share, providing a dividend yield of 4.78%.

About iShares 20+ Year Treasury Bond ETF

The iShares 20+ Year Treasury Bond ETF is designed to track the investment results of an index comprised of U.S. Treasury bonds with maturities exceeding 20 years. Specifically, it seeks to replicate the performance of the Barclays U.S. 20+ Year Treasury Bond Index. This index reflects the performance of public obligations issued by the U.S. Treasury that have a residual maturity of 20 years or longer.

ETF, Bonds, Investment