Royal Fund Management LLC raised its position in iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT – Free Report) by 3.8% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 215,893 shares of the exchange traded fund’s stock after buying an additional 7,878 shares during the quarter. iShares 20+ Year Treasury Bond ETF accounts for 1.3% of Royal Fund Management LLC’s holdings, making the stock its 12th biggest holding. Royal Fund Management LLC’s holdings in iShares 20+ Year Treasury Bond ETF were worth $16,792,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Benin Management CORP boosted its position in shares of iShares 20+ Year Treasury Bond ETF by 35.7% in the third quarter. Benin Management CORP now owns 155,533 shares of the exchange traded fund’s stock valued at $12,097,000 after acquiring an additional 40,900 shares during the period. Root Financial Partners LLC acquired a new position in shares of iShares 20+ Year Treasury Bond ETF in the third quarter valued at about $57,000. Crescent Grove Advisors LLC increased its position in iShares 20+ Year Treasury Bond ETF by 21.3% during the third quarter. Crescent Grove Advisors LLC now owns 14,023 shares of the exchange traded fund’s stock worth $1,091,000 after acquiring an additional 2,462 shares during the period. LCW Services LLC raised its stake in iShares 20+ Year Treasury Bond ETF by 7.1% in the 3rd quarter. LCW Services LLC now owns 71,301 shares of the exchange traded fund’s stock worth $5,546,000 after purchasing an additional 4,745 shares in the last quarter. Finally, Kings Path Partners LLC acquired a new stake in iShares 20+ Year Treasury Bond ETF in the 3rd quarter worth about $93,000. 73.33% of the stock is owned by institutional investors and hedge funds.
iShares 20+ Year Treasury Bond ETF Stock Up 1.9%
NASDAQ TLT opened at $81.74 on Friday. The company has a market capitalization of $47.79 billion, a P/E ratio of -6.75 and a beta of 0.52. iShares 20+ Year Treasury Bond ETF has a 12-month low of $76.43 and a 12-month high of $92.18. The firm has a 50-day moving average price of $80.57 and a two-hundred day moving average price of $83.50.
iShares 20+ Year Treasury Bond ETF Cuts Dividend
The firm also recently announced a monthly dividend, which was paid on Tuesday, October 6th. Stockholders of record on Thursday, October 1st were issued a dividend of $0.3116 per share. This is a drop from iShares 20+ Year Treasury Bond ETF’s previous monthly dividend of $0.3147. This represents a $3.74 annualized dividend and a dividend yield of 4.6%. The ex-dividend date of this dividend was Thursday, October 1st.
iShares 20+ Year Treasury Bond ETF Company 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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