Atria Investments Inc has reduced its stake in the iShares 20+ Year Treasury Bond ETF (NASDAQ: TLT) by selling 6,797 shares, marking a 4.5% decrease in its holdings during the third quarter of 2023. According to the company’s latest filing with the Securities and Exchange Commission, Atria now owns a total of 145,898 shares of the exchange-traded fund, valued at approximately $13,039,000.
Several other institutional investors have also adjusted their positions in the iShares 20+ Year Treasury Bond ETF recently. Notably, Cary Street Partners Investment Advisory LLC increased its stake by an impressive 130.9% in the second quarter, resulting in ownership of 284 shares valued at around $25,000 after acquiring an additional 161 shares. Similarly, Clearstead Trust LLC and Greykasell Wealth Strategies Inc. each acquired new positions in the ETF valued at approximately $25,000 and $27,000, respectively, during the second and third quarters.
The trend of institutional investment continues, with Smartleaf Asset Management LLC and First Command Advisory Services Inc. also establishing new positions, each worth about $33,000. Currently, institutional investors and hedge funds hold 73.33% of the stock, reflecting strong institutional interest in the ETF.
iShares 20+ Year Treasury Bond ETF Performance and Dividends
On Friday, shares of the iShares 20+ Year Treasury Bond ETF opened at $89.23. The ETF has a market capitalization of $46.30 billion, a price-to-earnings (P/E) ratio of -6.75, and a beta of 0.53, indicating lower volatility compared to the overall market. Over the past year, the ETF has experienced a low of $83.29 and a high of $94.09. Its 50-day moving average stands at $87.69, while the 200-day moving average is at $88.54.
In addition to its trading performance, the ETF recently declared a monthly dividend, which was paid on February 5, 2024. Investors on record as of February 2 received a dividend of $0.3319 per share, translating to an annualized yield of 4.5%. The ex-dividend date for this payment was also February 2, indicating the ongoing commitment of the ETF to return value to its shareholders.
The iShares 20+ Year Treasury Bond ETF aims to track the investment results of the Barclays U.S. 20+ Year Treasury Bond Index, which includes publicly issued U.S. Treasury securities with remaining maturities of over 20 years. This focus on long-term government bonds makes it a popular choice for investors seeking stability and income in uncertain economic conditions.
For those interested in the latest movements in institutional investments related to the iShares 20+ Year Treasury Bond ETF, platforms like HoldingsChannel.com provide updated information on 13F filings and insider trades.