Independent Financial Group LLC Buys Shares of 31,490 iShares 20+ Year Treasury Bond ETF $TLT

Independent Financial Group LLC bought a new position in iShares 20+ Year Treasury Bond ETF (NASDAQ:TLTFree Report) during the 1st quarter, Holdings Channel.com reports. The fund bought 31,490 shares of the exchange traded fund’s stock, valued at approximately $2,730,000.

A number of other large investors have also made changes to their positions in TLT. Bank of America Corp DE lifted its stake in shares of iShares 20+ Year Treasury Bond ETF by 10.5% in the 4th quarter. Bank of America Corp DE now owns 109,057,503 shares of the exchange traded fund’s stock worth $9,505,452,000 after purchasing an additional 10,380,437 shares during the period. Northwestern Mutual Wealth Management Co. grew its position in iShares 20+ Year Treasury Bond ETF by 3.4% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 43,140,136 shares of the exchange traded fund’s stock valued at $3,760,094,000 after buying an additional 1,418,641 shares during the period. Morgan Stanley grew its position in iShares 20+ Year Treasury Bond ETF by 31.3% during the fourth quarter. Morgan Stanley now owns 19,186,986 shares of the exchange traded fund’s stock valued at $1,672,338,000 after buying an additional 4,577,906 shares during the period. JPMorgan Chase & Co. increased its holdings in iShares 20+ Year Treasury Bond ETF by 125.5% during the fourth quarter. JPMorgan Chase & Co. now owns 8,997,581 shares of the exchange traded fund’s stock valued at $784,229,000 after buying an additional 44,234,543 shares during the last quarter. Finally, Pureheart Capital Pte Ltd. purchased a new stake in iShares 20+ Year Treasury Bond ETF during the fourth quarter valued at approximately $292,683,000. 73.33% of the stock is currently owned by institutional investors.

iShares 20+ Year Treasury Bond ETF Trading Up 0.4%

TLT opened at $84.52 on Friday. iShares 20+ Year Treasury Bond ETF has a 1-year low of $82.77 and a 1-year high of $92.18. The company has a market capitalization of $42.83 billion, a PE ratio of -6.75 and a beta of 0.51. The firm’s 50 day simple moving average is $85.28 and its two-hundred day simple moving average is $86.73.

iShares 20+ Year Treasury Bond ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Tuesday, July 7th. Stockholders of record on Wednesday, July 1st were paid a $0.318 dividend. This represents a c) annualized dividend and a dividend yield of 4.5%. The ex-dividend date was Wednesday, July 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.

Further Reading

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Institutional Ownership by Quarter for iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT)

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