Cinctive Capital Management LP Sells 670,000 Shares of iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT)

Cinctive Capital Management LP decreased its stake in shares of iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) by 87.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 100,000 shares of the exchange traded fund’s stock after selling 670,000 shares during the period. Cinctive Capital Management LP’s holdings in iShares 20+ Year Treasury Bond ETF were worth $9,810,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of TLT. Massmutual Trust Co. FSB ADV boosted its position in iShares 20+ Year Treasury Bond ETF by 120.5% in the second quarter. Massmutual Trust Co. FSB ADV now owns 741 shares of the exchange traded fund’s stock worth $68,000 after purchasing an additional 405 shares during the last quarter. HBW Advisory Services LLC bought a new stake in shares of iShares 20+ Year Treasury Bond ETF during the 2nd quarter valued at $302,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of iShares 20+ Year Treasury Bond ETF in the 2nd quarter worth $34,000. Harbor Capital Advisors Inc. raised its holdings in iShares 20+ Year Treasury Bond ETF by 261.1% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 1,993 shares of the exchange traded fund’s stock worth $183,000 after purchasing an additional 1,441 shares during the period. Finally, Kingswood Wealth Advisors LLC lifted its position in iShares 20+ Year Treasury Bond ETF by 511.8% during the second quarter. Kingswood Wealth Advisors LLC now owns 18,679 shares of the exchange traded fund’s stock valued at $1,714,000 after purchasing an additional 15,626 shares in the last quarter. 73.32% of the stock is owned by institutional investors.

iShares 20+ Year Treasury Bond ETF Trading Up 1.0 %

Shares of NASDAQ:TLT opened at $93.97 on Monday. The stock has a 50 day moving average of $93.44 and a 200 day moving average of $94.33. The company has a market cap of $59.70 billion, a PE ratio of -7.14 and a beta of 0.06. iShares 20+ Year Treasury Bond ETF has a 12-month low of $87.34 and a 12-month high of $101.64.

iShares 20+ Year Treasury Bond ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Wednesday, November 6th. Shareholders of record on Friday, November 1st were given a $0.3105 dividend. This is a positive change from iShares 20+ Year Treasury Bond ETF’s previous monthly dividend of $0.29. This represents a $3.73 dividend on an annualized basis and a dividend yield of 3.97%. The ex-dividend date of this dividend was Friday, November 1st.

iShares 20+ Year Treasury Bond ETF 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.