Independent Advisor Alliance Boosts Position in iShares 20+ Year Treasury Bond ETF $TLT

Independent Advisor Alliance grew its stake in iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) by 104.7% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 70,441 shares of the exchange traded fund’s stock after buying an additional 36,029 shares during the period. Independent Advisor Alliance’s holdings in iShares 20+ Year Treasury Bond ETF were worth $6,295,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in TLT. JPMorgan Chase & Co. increased its holdings in shares of iShares 20+ Year Treasury Bond ETF by 84.9% in the 2nd quarter. JPMorgan Chase & Co. now owns 7,909,435 shares of the exchange traded fund’s stock valued at $698,008,000 after acquiring an additional 3,632,572 shares during the period. Northwestern Mutual Wealth Management Co. boosted its stake in iShares 20+ Year Treasury Bond ETF by 6.6% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 40,525,707 shares of the exchange traded fund’s stock worth $3,576,394,000 after purchasing an additional 2,508,650 shares during the period. Privium Fund Management UK Ltd purchased a new position in iShares 20+ Year Treasury Bond ETF during the 2nd quarter worth $51,588,000. Meeder Asset Management Inc. acquired a new position in iShares 20+ Year Treasury Bond ETF in the third quarter valued at $45,443,000. Finally, Quaker Wealth Management LLC raised its holdings in shares of iShares 20+ Year Treasury Bond ETF by 205.6% in the second quarter. Quaker Wealth Management LLC now owns 173,786 shares of the exchange traded fund’s stock valued at $15,337,000 after buying an additional 338,376 shares during the last quarter. Hedge funds and other institutional investors own 73.33% of the company’s stock.

iShares 20+ Year Treasury Bond ETF Stock Performance

Shares of TLT opened at $87.13 on Friday. iShares 20+ Year Treasury Bond ETF has a fifty-two week low of $83.29 and a fifty-two week high of $94.09. The firm has a 50-day simple moving average of $88.06 and a 200-day simple moving average of $88.45. The company has a market capitalization of $45.34 billion, a price-to-earnings ratio of -6.75 and a beta of 0.53.

iShares 20+ Year Treasury Bond ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Wednesday, December 24th. Stockholders of record on Friday, December 19th were issued a $0.3424 dividend. The ex-dividend date of this dividend was Friday, December 19th. This is an increase from iShares 20+ Year Treasury Bond ETF’s previous monthly dividend of $0.32. This represents a c) dividend on an annualized basis and a dividend yield of 4.7%.

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.