Alkeon Capital Management LLC Buys New Shares in iShares 20+ Year Treasury Bond ETF $TLT

Alkeon Capital Management LLC purchased a new stake in shares of iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 511,000 shares of the exchange traded fund’s stock, valued at approximately $44,539,000. Alkeon Capital Management LLC owned 0.10% of iShares 20+ Year Treasury Bond ETF at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in TLT. Brighton Jones LLC raised its holdings 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 valued at $240,000 after acquiring an additional 601 shares during the period. Capstone Wealth Management Group LLC raised its holdings in shares of 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 valued at $4,629,000 after acquiring an additional 40,863 shares during the period. Russell Investments Group Ltd. raised its holdings in shares of iShares 20+ Year Treasury Bond ETF by 520.4% during the second quarter. Russell Investments Group Ltd. now owns 608 shares of the exchange traded fund’s stock valued at $54,000 after acquiring an additional 510 shares during the period. The Manufacturers Life Insurance Company raised its holdings in shares of iShares 20+ Year Treasury Bond ETF by 28.7% during the second quarter. The Manufacturers Life Insurance Company now owns 808,479 shares of the exchange traded fund’s stock valued at $71,348,000 after acquiring an additional 180,073 shares during the period. Finally, Alliancebernstein L.P. raised its holdings in shares of iShares 20+ Year Treasury Bond ETF by 2.3% during the second quarter. Alliancebernstein L.P. now owns 2,814,624 shares of the exchange traded fund’s stock valued at $248,391,000 after acquiring an additional 63,442 shares during the period. Institutional investors and hedge funds own 73.33% of the company’s stock.

iShares 20+ Year Treasury Bond ETF Price Performance

TLT stock opened at $85.72 on Tuesday. iShares 20+ Year Treasury Bond ETF has a 52-week low of $82.77 and a 52-week high of $92.18. The company’s 50 day simple moving average is $85.68 and its 200-day simple moving average is $87.18. The firm has a market capitalization of $42.65 billion, a P/E ratio of -6.75 and a beta of 0.52.

iShares 20+ Year Treasury Bond ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Thursday, June 4th. Stockholders of record on Monday, June 1st were issued a dividend of $0.3358 per share. 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%. The ex-dividend date was Monday, June 1st.

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. 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.