Ballast Advisors LLC Has $245,000 Stock Holdings in iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT)

Ballast Advisors LLC lowered its stake in shares of iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) by 21.7% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,809 shares of the exchange traded fund’s stock after selling 779 shares during the period. Ballast Advisors LLC’s holdings in iShares 20+ Year Treasury Bond ETF were worth $245,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of TLT. Independence Bank of Kentucky bought a new stake in iShares 20+ Year Treasury Bond ETF in the fourth quarter worth approximately $26,000. Richardson Financial Services Inc. acquired a new position in iShares 20+ Year Treasury Bond ETF during the fourth quarter worth $30,000. New Wave Wealth Advisors LLC bought a new position in iShares 20+ Year Treasury Bond ETF during the fourth quarter valued at about $32,000. Van ECK Associates Corp lifted its position in shares of iShares 20+ Year Treasury Bond ETF by 82.4% in the fourth quarter. Van ECK Associates Corp now owns 394 shares of the exchange traded fund’s stock worth $34,000 after buying an additional 178 shares during the last quarter. Finally, West Branch Capital LLC increased its holdings in shares of iShares 20+ Year Treasury Bond ETF by 94.9% during the 4th quarter. West Branch Capital LLC now owns 417 shares of the exchange traded fund’s stock valued at $36,000 after acquiring an additional 203 shares during the last quarter. 73.32% of the stock is currently owned by hedge funds and other institutional investors.

iShares 20+ Year Treasury Bond ETF Stock Performance

TLT opened at $91.24 on Friday. The firm has a market cap of $51.28 billion, a P/E ratio of -7.21 and a beta of 0.36. The business has a 50 day moving average price of $89.08 and a 200 day moving average price of $91.78. iShares 20+ Year Treasury Bond ETF has a twelve month low of $84.89 and a twelve month high of $101.64.

iShares 20+ Year Treasury Bond ETF Cuts Dividend

The company also recently announced a dividend, which was paid on Thursday, March 6th. Investors of record on Monday, March 3rd were paid a $0.2898 dividend. The ex-dividend date of this dividend was Monday, March 3rd.

About iShares 20+ Year Treasury Bond ETF

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.