Market Street Wealth Management Advisors LLC bought a new position in iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT – Free Report) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 91,707 shares of the exchange traded fund’s stock, valued at approximately $7,133,000. iShares 20+ Year Treasury Bond ETF comprises 1.0% of Market Street Wealth Management Advisors LLC’s holdings, making the stock its 29th biggest position.
Other hedge funds have also recently made changes to their positions in the company. United Asset Strategies Inc. lifted its position in shares of iShares 20+ Year Treasury Bond ETF by 1.2% during the 1st quarter. United Asset Strategies Inc. now owns 10,398 shares of the exchange traded fund’s stock valued at $901,000 after buying an additional 126 shares during the last quarter. Stronghold Wealth Management L.L.C. increased its holdings in iShares 20+ Year Treasury Bond ETF by 0.8% in the 2nd quarter. Stronghold Wealth Management L.L.C. now owns 16,318 shares of the exchange traded fund’s stock worth $1,410,000 after acquiring an additional 132 shares during the last quarter. Ranch Capital Advisors Inc. increased its holdings in iShares 20+ Year Treasury Bond ETF by 3.5% in the 1st quarter. Ranch Capital Advisors Inc. now owns 3,940 shares of the exchange traded fund’s stock worth $342,000 after acquiring an additional 135 shares during the last quarter. Avid Wealth Partners LLC raised its stake in iShares 20+ Year Treasury Bond ETF by 2.6% in the 1st quarter. Avid Wealth Partners LLC now owns 6,155 shares of the exchange traded fund’s stock valued at $534,000 after acquiring an additional 158 shares during the period. Finally, Cox Capital Mgt LLC raised its stake in iShares 20+ Year Treasury Bond ETF by 4.4% in the 3rd quarter. Cox Capital Mgt LLC now owns 3,786 shares of the exchange traded fund’s stock valued at $294,000 after acquiring an additional 159 shares during the period. 73.33% of the stock is currently owned by institutional investors.
Key Headlines Impacting iShares 20+ Year Treasury Bond ETF
Here are the key news stories impacting iShares 20+ Year Treasury Bond ETF this week:
- Positive Sentiment: Falling October rate-hike odds support TLT. Markets sharply reduced expectations for another rate increase this month, which can benefit long-duration Treasury prices. However, the article cautions that the underlying jobs data remains difficult to interpret. October Rate-Hike Odds Just Fell From 51% to 19% in One Week
- Positive Sentiment: Recession concerns may increase demand for Treasuries. A growing set of economic warning signals could encourage defensive positioning and a flight to high-quality government bonds, providing potential support for TLT. Recession Warning: The Signals Are Lining Up
- Positive Sentiment: Strong foreign participation in a $39 billion Treasury auction is constructive. Foreign buyers reportedly took about 80% of the offering, signaling substantial demand for U.S. government debt and potentially helping contain long-term yields. Foreign Buyers Took 80% of the Treasury’s $39 Billion Auction
- Neutral Sentiment: Middle East tensions create competing forces. Geopolitical risk can drive safe-haven buying of Treasuries, but an oil-price spike could worsen inflation expectations and keep yields higher. Markets Struggle As Middle East Conflict Heats Up
- Negative Sentiment: Elevated real yields and a hawkish Fed outlook weigh on TLT. September’s 10-year yield increase came entirely from higher real yields, while Fed officials unanimously supported the prior rate hike and most favored another before year-end. Higher-for-longer policy raises the risk of further bond-price pressure. Bond Valuations Reflect Higher Hurdle for Capital Every Fed Official Backed September’s Hike
- Negative Sentiment: Recent Treasury-market weakness remains a key headwind. Reports of yields reaching a multi-decade high, alongside concerns about inflation and the economic cost of rates above 5%, underscore the risk to long-duration bonds. Markets Turn Lower As Treasury Yields Hit 24-Year High
iShares 20+ Year Treasury Bond ETF Stock Up 0.9%
iShares 20+ Year Treasury Bond ETF Cuts Dividend
The firm also recently declared a monthly dividend, which was paid on Tuesday, October 6th. Stockholders of record on Thursday, October 1st were given a $0.3116 dividend. This represents a $3.74 annualized dividend and a dividend yield of 4.8%. This is a decrease from iShares 20+ Year Treasury Bond ETF’s previous monthly dividend of $0.3147. The ex-dividend date of this dividend was Thursday, October 1st.
iShares 20+ Year Treasury Bond ETF 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. 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.
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