Farmers & Merchants Trust Co of Chambersburg PA Has $20.47 Million Stake in iShares 20+ Year Treasury Bond ETF $TLT

Farmers & Merchants Trust Co of Chambersburg PA raised its holdings in shares of iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) by 15.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 236,117 shares of the exchange traded fund’s stock after buying an additional 31,067 shares during the period. iShares 20+ Year Treasury Bond ETF comprises approximately 5.6% of Farmers & Merchants Trust Co of Chambersburg PA’s portfolio, making the stock its 2nd largest position. Farmers & Merchants Trust Co of Chambersburg PA’s holdings in iShares 20+ Year Treasury Bond ETF were worth $20,469,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of TLT. Brighton Jones LLC increased its stake in shares of iShares 20+ Year Treasury Bond ETF by 28.0% in the fourth quarter. Brighton Jones LLC now owns 2,747 shares of the exchange traded fund’s stock worth $240,000 after buying an additional 601 shares during the period. Capstone Wealth Management Group LLC boosted its position in iShares 20+ Year Treasury Bond ETF by 409.3% during 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 buying an additional 40,863 shares during the period. Russell Investments Group Ltd. boosted its position in iShares 20+ Year Treasury Bond ETF by 520.4% during the 2nd quarter. Russell Investments Group Ltd. now owns 608 shares of the exchange traded fund’s stock valued at $54,000 after buying an additional 510 shares during the period. The Manufacturers Life Insurance Company grew its holdings in iShares 20+ Year Treasury Bond ETF by 28.7% in 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 acquiring an additional 180,073 shares during the last quarter. Finally, Alliancebernstein L.P. grew its holdings in iShares 20+ Year Treasury Bond ETF by 2.3% in the 2nd quarter. Alliancebernstein L.P. now owns 2,814,624 shares of the exchange traded fund’s stock worth $248,391,000 after acquiring an additional 63,442 shares during the last quarter. 73.33% of the stock is owned by institutional investors.

iShares 20+ Year Treasury Bond ETF Trading Down 0.2%

TLT stock opened at $84.36 on Thursday. The stock has a market capitalization of $41.17 billion, a price-to-earnings ratio of -6.75 and a beta of 0.51. The firm’s 50-day moving average price is $85.50 and its two-hundred day moving average price is $86.89. iShares 20+ Year Treasury Bond ETF has a 12-month low of $82.77 and a 12-month high of $92.18.

iShares 20+ Year Treasury Bond ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Tuesday, July 7th. Investors of record on Wednesday, July 1st were issued a dividend of $0.318 per share. This represents a c) dividend on an annualized basis and a 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.