Axxcess Wealth Management LLC Sells 1,828 Shares of iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT)

Axxcess Wealth Management LLC lessened its holdings in shares of iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) by 3.2% in the 1st quarter, Holdings Channel.com reports. The firm owned 56,167 shares of the exchange traded fund’s stock after selling 1,828 shares during the quarter. Axxcess Wealth Management LLC’s holdings in iShares 20+ Year Treasury Bond ETF were worth $5,315,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Psagot Value Holdings Ltd. Israel acquired a new stake in iShares 20+ Year Treasury Bond ETF in the 4th quarter worth $25,000. Bfsg LLC lifted its stake in shares of iShares 20+ Year Treasury Bond ETF by 1,400.0% in the first quarter. Bfsg LLC now owns 315 shares of the exchange traded fund’s stock valued at $30,000 after buying an additional 294 shares during the period. Motco acquired a new stake in iShares 20+ Year Treasury Bond ETF during the first quarter worth about $32,000. Palisade Asset Management LLC bought a new position in iShares 20+ Year Treasury Bond ETF during the first quarter valued at about $37,000. Finally, Cherry Tree Wealth Management LLC acquired a new position in iShares 20+ Year Treasury Bond ETF in the 4th quarter valued at approximately $44,000. Institutional investors own 73.32% of the company’s stock.

iShares 20+ Year Treasury Bond ETF Price Performance

Shares of NASDAQ TLT traded up $0.72 during trading hours on Friday, reaching $92.99. The stock had a trading volume of 32,534,100 shares, compared to its average volume of 39,892,398. The company has a market cap of $56.49 billion, a price-to-earnings ratio of -7.14 and a beta of 0.06. iShares 20+ Year Treasury Bond ETF has a twelve month low of $82.42 and a twelve month high of $100.93. The business’s fifty day moving average is $92.43 and its two-hundred day moving average is $92.69.

iShares 20+ Year Treasury Bond ETF Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, July 5th. Shareholders of record on Monday, July 1st were issued a dividend of $0.2911 per share. The ex-dividend date was Monday, July 1st. This represents a $3.49 dividend on an annualized basis and a dividend yield of 3.76%.

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.