Dudley Capital Management LLC Reduces Stock Position in iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT)

Dudley Capital Management LLC trimmed its holdings in shares of iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) by 35.4% in the fourth quarter, Holdings Channel reports. The institutional investor owned 7,992 shares of the exchange traded fund’s stock after selling 4,385 shares during the period. Dudley Capital Management LLC’s holdings in iShares 20+ Year Treasury Bond ETF were worth $698,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Wealthfront Advisers LLC grew its position in shares of iShares 20+ Year Treasury Bond ETF by 1,901.0% in the 4th quarter. Wealthfront Advisers LLC now owns 1,588,699 shares of the exchange traded fund’s stock valued at $138,741,000 after buying an additional 1,509,302 shares during the last quarter. Quadrature Capital Ltd purchased a new position in shares of iShares 20+ Year Treasury Bond ETF during the third quarter worth about $89,789,000. Cassaday & Co Wealth Management LLC acquired a new stake in shares of iShares 20+ Year Treasury Bond ETF during the fourth quarter worth about $68,474,000. US Bancorp DE lifted its holdings in shares of iShares 20+ Year Treasury Bond ETF by 78.0% in the 4th quarter. US Bancorp DE now owns 1,697,051 shares of the exchange traded fund’s stock valued at $148,211,000 after purchasing an additional 743,864 shares during the last quarter. Finally, DRW Securities LLC acquired a new stake in shares of iShares 20+ Year Treasury Bond ETF in the 3rd quarter valued at about $63,060,000. 73.32% of the stock is owned by institutional investors and hedge funds.

iShares 20+ Year Treasury Bond ETF Stock Down 1.0 %

NASDAQ:TLT opened at $89.77 on Tuesday. The company has a market capitalization of $54.56 billion, a PE ratio of -7.21 and a beta of 0.06. iShares 20+ Year Treasury Bond ETF has a 52-week low of $84.89 and a 52-week high of $101.64. The stock’s 50 day moving average price is $89.27 and its 200 day moving average price is $91.58.

iShares 20+ Year Treasury Bond ETF Cuts Dividend

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