Sugar Maple Asset Management LLC Invests $1 Million in iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT)

Sugar Maple Asset Management LLC bought a new stake in iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 11,000 shares of the exchange traded fund’s stock, valued at approximately $1,001,000. iShares 20+ Year Treasury Bond ETF comprises about 0.8% of Sugar Maple Asset Management LLC’s holdings, making the stock its 26th biggest holding.

Several other institutional investors have also recently bought and sold shares of the company. Bay Rivers Group boosted its position in iShares 20+ Year Treasury Bond ETF by 1.4% during the first quarter. Bay Rivers Group now owns 80,475 shares of the exchange traded fund’s stock valued at $7,326,000 after purchasing an additional 1,116 shares during the last quarter. Matrix Trust Co acquired a new stake in shares of iShares 20+ Year Treasury Bond ETF in the 1st quarter valued at approximately $1,313,000. GenWealth Group Inc. bought a new position in shares of iShares 20+ Year Treasury Bond ETF in the first quarter valued at $58,861,000. Granite Bay Wealth Management LLC increased its holdings in iShares 20+ Year Treasury Bond ETF by 18.5% during the first quarter. Granite Bay Wealth Management LLC now owns 133,104 shares of the exchange traded fund’s stock worth $12,116,000 after buying an additional 20,793 shares during the last quarter. Finally, Iams Wealth Management LLC raised its position in iShares 20+ Year Treasury Bond ETF by 126.6% during the first quarter. Iams Wealth Management LLC now owns 7,622 shares of the exchange traded fund’s stock worth $694,000 after acquiring an additional 4,259 shares in the last quarter. Institutional investors own 73.32% of the company’s stock.

iShares 20+ Year Treasury Bond ETF Price Performance

Shares of TLT opened at $86.39 on Thursday. The company has a market cap of $46.75 billion, a PE ratio of -6.91 and a beta of 0.06. The firm has a 50-day moving average of $87.46 and a 200-day moving average of $88.82. iShares 20+ Year Treasury Bond ETF has a one year low of $83.30 and a one year high of $101.64.

iShares 20+ Year Treasury Bond ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, June 5th. Shareholders of record on Monday, June 2nd will be paid a $0.3195 dividend. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $3.83 annualized dividend and a yield of 4.44%.

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.