The Manufacturers Life Insurance Company Sells 37,029 Shares of iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT)

The Manufacturers Life Insurance Company cut its stake in shares of iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) by 3.1% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 1,142,017 shares of the exchange traded fund’s stock after selling 37,029 shares during the period. The Manufacturers Life Insurance Company’s holdings in iShares 20+ Year Treasury Bond ETF were worth $104,814,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Motco purchased a new position in iShares 20+ Year Treasury Bond ETF during the first quarter worth about $32,000. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of iShares 20+ Year Treasury Bond ETF during the second quarter worth about $34,000. Riggs Asset Managment Co. Inc. bought a new position in shares of iShares 20+ Year Treasury Bond ETF in the second quarter worth approximately $35,000. Anfield Capital Management LLC purchased a new stake in iShares 20+ Year Treasury Bond ETF in the second quarter valued at approximately $36,000. Finally, Palisade Asset Management LLC bought a new stake in iShares 20+ Year Treasury Bond ETF during the first quarter valued at approximately $37,000. 73.32% of the stock is owned by hedge funds and other institutional investors.

iShares 20+ Year Treasury Bond ETF Stock Performance

iShares 20+ Year Treasury Bond ETF stock opened at $98.57 on Friday. iShares 20+ Year Treasury Bond ETF has a fifty-two week low of $82.42 and a fifty-two week high of $101.64. The firm’s fifty day moving average price is $97.44 and its 200-day moving average price is $93.75. The stock has a market cap of $58.43 billion, a P/E ratio of -7.14 and a beta of 0.06.

iShares 20+ Year Treasury Bond ETF Cuts Dividend

The company also recently disclosed a dividend, which was paid on Friday, September 6th. Stockholders of record on Tuesday, September 3rd were given a dividend of $0.3128 per share. The ex-dividend date of this dividend was Tuesday, September 3rd.

iShares 20+ Year Treasury Bond ETF Company 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.