AK Global Asset Management LLC Makes New $2.15 Million Investment in iShares 20+ Year Treasury Bond ETF $TLT

AK Global Asset Management LLC acquired a new stake in shares of iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) in the first quarter, Holdings Channel.com reports. The fund acquired 24,825 shares of the exchange traded fund’s stock, valued at approximately $2,152,000. iShares 20+ Year Treasury Bond ETF comprises about 2.1% of AK Global Asset Management LLC’s holdings, making the stock its 14th biggest holding.

A number of other hedge funds have also modified their holdings of the stock. Brighton Jones LLC raised its position 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 purchasing an additional 601 shares during the period. Capstone Wealth Management Group LLC boosted its position in shares of iShares 20+ Year Treasury Bond ETF by 409.3% in the 1st quarter. Capstone Wealth Management Group LLC now owns 50,847 shares of the exchange traded fund’s stock valued at $4,629,000 after purchasing an additional 40,863 shares during the period. Russell Investments Group Ltd. increased its stake in iShares 20+ Year Treasury Bond ETF by 520.4% in the 2nd quarter. Russell Investments Group Ltd. now owns 608 shares of the exchange traded fund’s stock worth $54,000 after purchasing an additional 510 shares in the last quarter. The Manufacturers Life Insurance Company raised its holdings in iShares 20+ Year Treasury Bond ETF by 28.7% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 808,479 shares of the exchange traded fund’s stock worth $71,348,000 after buying an additional 180,073 shares during the period. Finally, Alliancebernstein L.P. raised its holdings in iShares 20+ Year Treasury Bond ETF by 2.3% during the 2nd quarter. Alliancebernstein L.P. now owns 2,814,624 shares of the exchange traded fund’s stock worth $248,391,000 after buying an additional 63,442 shares during the period. 73.33% of the stock is currently owned by institutional investors and hedge funds.

iShares 20+ Year Treasury Bond ETF Trading Down 1.1%

TLT stock opened at $84.55 on Wednesday. iShares 20+ Year Treasury Bond ETF has a one year low of $82.77 and a one year high of $92.18. The firm has a 50-day moving average of $85.54 and a two-hundred day moving average of $86.92. The firm has a market capitalization of $41.26 billion, a PE ratio of -6.75 and a beta of 0.51.

iShares 20+ Year Treasury Bond ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Tuesday, July 7th. Investors of record on Wednesday, July 1st were given 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

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.