Boltwood Capital Management Cuts Position in iShares 20+ Year Treasury Bond ETF $TLT

by · The Cerbat Gem

Boltwood Capital Management decreased its holdings in shares of iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT – Free Report) by 83.1% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 17,709 shares of the exchange traded fund’s stock after selling 87,150 shares during the period. Boltwood Capital Management’s holdings in iShares 20+ Year Treasury Bond ETF were worth $1,377,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Gunpowder Capital Management LLC dba Oliver Wealth Management bought a new stake in iShares 20+ Year Treasury Bond ETF during the 4th quarter worth about $31,000. Summer Road LLC boosted its stake in shares of iShares 20+ Year Treasury Bond ETF by 117.6% during the 1st quarter. Summer Road LLC now owns 370 shares of the exchange traded fund’s stock worth $32,000 after buying an additional 200 shares during the last quarter. Axiom Investment Management LLC bought a new position in shares of iShares 20+ Year Treasury Bond ETF in the 1st quarter valued at about $32,000. Versant Capital Management Inc grew its holdings in shares of iShares 20+ Year Treasury Bond ETF by 1,126.1% in the 3rd quarter. Versant Capital Management Inc now owns 564 shares of the exchange traded fund’s stock valued at $44,000 after acquiring an additional 518 shares in the last quarter. Finally, Cornerstone Planning Group LLC grew its holdings in shares of iShares 20+ Year Treasury Bond ETF by 123.6% in the 2nd quarter. Cornerstone Planning Group LLC now owns 615 shares of the exchange traded fund’s stock valued at $51,000 after acquiring an additional 340 shares in the last quarter. Institutional investors own 73.33% of the company’s stock.

iShares 20+ Year Treasury Bond ETF Stock Down 0.3%

Shares of NASDAQ:TLT traded down $0.23 during midday trading on Friday, reaching $77.48. The company had a trading volume of 61,331,637 shares, compared to its average volume of 33,700,680. iShares 20+ Year Treasury Bond ETF has a 1-year low of $76.76 and a 1-year high of $92.18. The stock has a market cap of $45.57 billion, a PE ratio of -6.75 and a beta of 0.51. The business’s 50 day moving average price is $81.76 and its 200 day moving average price is $84.32.

iShares 20+ Year Treasury Bond ETF Cuts Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, October 6th. Shareholders of record on Thursday, October 1st will be paid a $0.3116 dividend. This is a negative change from iShares 20+ Year Treasury Bond ETF’s previous monthly dividend of $0.3147. This represents a $3.74 dividend on an annualized basis and a yield of 4.8%. The ex-dividend date is Thursday, October 1st.

iShares 20+ Year Treasury Bond ETF News Summary

Here are the key news stories impacting iShares 20+ Year Treasury Bond ETF this week:

  • Positive Sentiment: A cooler-than-expected August PCE inflation reading helped push Treasury yields lower from recent highs. If the decline in yields continues, it could support TLT because prices of its long-maturity Treasury holdings generally rise when yields fall. Navigating Fixed Income Duration as Treasury Yields Retreat
  • Positive Sentiment: Heavy inflows into TLT suggest some investors are using the fund to position for eventual lower rates or to seek income at depressed prices. However, inflows have not yet offset the effect of falling bond prices. TLT ETF analysis: US Treasury yields and inflows jump
  • Neutral Sentiment: Unusually large call-option buying indicates that some traders are positioning for a rebound in TLT, but options activity is speculative and does not guarantee a change in the broader trend. Traders Buy Large Volume of Call Options on TLT
  • Negative Sentiment: A broader global bond selloff continues, with borrowing costs rising in parts of Europe. Higher long-term yields reduce the market value of TLT’s existing bonds and remain the primary reason the ETF has weakened. Global Bond Rout Continues Even as 10-Year Treasury Yield Eases
  • Negative Sentiment: Persistent oil and fuel-supply risks are keeping energy prices elevated, raising concerns about renewed inflation and delaying interest-rate cuts. That environment can push long-term yields higher and further pressure TLT. The Bond Rout Is Deepening
  • Negative Sentiment: TLT’s latest monthly distribution was reduced to $0.3116 per share from $0.3147, a modest negative for income-focused investors. The fund also traded ex-dividend on October 1, which can create mechanical downward pressure around the distribution date. TLT To Go Ex-Dividend on October 1st

iShares 20+ Year Treasury Bond ETF Profile

(Free Report)

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. The Underlying Index includes all publicly-issued the United States Treasury securities that have a remaining maturity of greater than or equal to 20 years.

See Also

Want to see what other hedge funds are holding TLT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT – Free Report).