Summit X LLC Grows Stock Position in iShares 20+ Year Treasury Bond ETF $TLT

Summit X LLC boosted its position in shares of iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) by 29.2% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 59,367 shares of the exchange traded fund’s stock after buying an additional 13,414 shares during the quarter. iShares 20+ Year Treasury Bond ETF accounts for approximately 1.0% of Summit X LLC’s investment portfolio, making the stock its 23rd largest position. Summit X LLC’s holdings in iShares 20+ Year Treasury Bond ETF were worth $5,239,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Security Benefit Life Insurance Co. KS boosted its stake in shares of iShares 20+ Year Treasury Bond ETF by 22.2% during the 2nd quarter. Security Benefit Life Insurance Co. KS now owns 110,000 shares of the exchange traded fund’s stock worth $9,708,000 after purchasing an additional 20,000 shares during the period. Midwest Trust Co bought a new stake in iShares 20+ Year Treasury Bond ETF in the second quarter worth about $643,000. FDx Advisors Inc. boosted its position in shares of iShares 20+ Year Treasury Bond ETF by 1.7% during the second quarter. FDx Advisors Inc. now owns 32,310 shares of the exchange traded fund’s stock valued at $2,851,000 after buying an additional 537 shares during the period. Rathbones Group PLC bought a new position in shares of iShares 20+ Year Treasury Bond ETF during the second quarter valued at approximately $227,000. Finally, Marathon Trading Investment Management LLC purchased a new stake in shares of iShares 20+ Year Treasury Bond ETF in the second quarter worth approximately $5,601,000. Institutional investors own 73.33% of the company’s stock.

iShares 20+ Year Treasury Bond ETF Stock Performance

Shares of TLT stock opened at $89.57 on Friday. The stock has a 50 day moving average price of $89.77 and a 200 day moving average price of $87.75. The firm has a market capitalization of $49.07 billion, a P/E ratio of -6.75 and a beta of 0.53. iShares 20+ Year Treasury Bond ETF has a 52-week low of $83.29 and a 52-week high of $94.85.

iShares 20+ Year Treasury Bond ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Thursday, November 6th. Investors of record on Monday, November 3rd were issued a dividend of $0.3251 per share. This represents a c) dividend on an annualized basis and a yield of 4.4%. The ex-dividend date was Monday, November 3rd. This is a positive change from iShares 20+ Year Treasury Bond ETF’s previous monthly dividend of $0.31.

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.