Bank of New York Mellon Corp Boosts Stock Holdings in iShares 20+ Year Treasury Bond ETF $TLT

Bank of New York Mellon Corp lifted its stake in iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) by 8.4% during the 1st quarter, Holdings Channel reports. The institutional investor owned 444,657 shares of the exchange traded fund’s stock after buying an additional 34,451 shares during the period. Bank of New York Mellon Corp’s holdings in iShares 20+ Year Treasury Bond ETF were worth $38,547,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of TLT. Gunpowder Capital Management LLC dba Oliver Wealth Management purchased a new stake in shares of iShares 20+ Year Treasury Bond ETF during the fourth quarter valued at approximately $31,000. Summer Road LLC increased its stake in shares of iShares 20+ Year Treasury Bond ETF by 117.6% in the first quarter. Summer Road LLC now owns 370 shares of the exchange traded fund’s stock worth $32,000 after buying an additional 200 shares during the period. Trust Co. of Vermont raised its holdings in iShares 20+ Year Treasury Bond ETF by 90.5% during the 4th quarter. Trust Co. of Vermont now owns 381 shares of the exchange traded fund’s stock valued at $33,000 after buying an additional 181 shares during the last quarter. Stone House Investment Management LLC raised its holdings in iShares 20+ Year Treasury Bond ETF by 1,066.7% during the 4th quarter. Stone House Investment Management LLC now owns 385 shares of the exchange traded fund’s stock valued at $34,000 after buying an additional 352 shares during the last quarter. Finally, Albion Financial Group UT purchased a new stake in iShares 20+ Year Treasury Bond ETF during the 4th quarter valued at $36,000. Institutional investors own 73.33% of the company’s stock.

iShares 20+ Year Treasury Bond ETF Stock Up 0.1%

Shares of iShares 20+ Year Treasury Bond ETF stock opened at $83.25 on Friday. The firm has a market cap of $42.25 billion, a PE ratio of -6.75 and a beta of 0.51. iShares 20+ Year Treasury Bond ETF has a 12-month low of $82.77 and a 12-month high of $92.18. The company’s fifty day simple moving average is $85.15 and its two-hundred day simple moving average is $86.59.

iShares 20+ Year Treasury Bond ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Tuesday, July 7th. Investors of record on Wednesday, July 1st were paid a $0.318 dividend. The ex-dividend date of this dividend was Wednesday, July 1st. This represents a c) annualized dividend and a dividend yield of 4.6%.

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.