Benin Management CORP Acquires Shares of 53,408 iShares 20+ Year Treasury Bond ETF $TLT

Benin Management CORP acquired a new position in shares of iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) in the fourth quarter, Holdings Channel reports. The fund acquired 53,408 shares of the exchange traded fund’s stock, valued at approximately $4,655,000. iShares 20+ Year Treasury Bond ETF comprises 1.0% of Benin Management CORP’s investment portfolio, making the stock its 15th largest position.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Brighton Jones LLC increased its stake in shares of iShares 20+ Year Treasury Bond ETF by 28.0% during the fourth quarter. Brighton Jones LLC now owns 2,747 shares of the exchange traded fund’s stock worth $240,000 after acquiring an additional 601 shares during the period. Capstone Wealth Management Group LLC raised its holdings in iShares 20+ Year Treasury Bond ETF by 409.3% during the first quarter. Capstone Wealth Management Group LLC now owns 50,847 shares of the exchange traded fund’s stock worth $4,629,000 after purchasing an additional 40,863 shares in the last quarter. Franklin Resources Inc. lifted its position in iShares 20+ Year Treasury Bond ETF by 124.3% in the second quarter. Franklin Resources Inc. now owns 54,502 shares of the exchange traded fund’s stock valued at $4,810,000 after purchasing an additional 278,869 shares during the period. Global Retirement Partners LLC acquired a new stake in iShares 20+ Year Treasury Bond ETF in the second quarter valued at about $764,000. Finally, Ameritas Investment Partners Inc. purchased a new stake in iShares 20+ Year Treasury Bond ETF in the 2nd quarter valued at approximately $33,000. 73.33% of the stock is currently owned by hedge funds and other institutional investors.

iShares 20+ Year Treasury Bond ETF Trading Up 1.0%

NASDAQ TLT opened at $86.84 on Thursday. The business’s 50 day moving average is $88.13 and its two-hundred day moving average is $88.85. iShares 20+ Year Treasury Bond ETF has a 12-month low of $83.29 and a 12-month high of $94.09. The stock has a market capitalization of $45.06 billion, a price-to-earnings ratio of -6.75 and a beta of 0.53.

iShares 20+ Year Treasury Bond ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Thursday, March 5th. Investors of record on Monday, March 2nd were paid a $0.3006 dividend. The ex-dividend date was Monday, March 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 4.2%.

About iShares 20+ Year Treasury Bond ETF

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.