Lewis Asset Management LLC Raises Stock Holdings in iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT)

Lewis Asset Management LLC grew its stake in iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) by 42.1% during the third quarter, Holdings Channel.com reports. The fund owned 8,351 shares of the exchange traded fund’s stock after acquiring an additional 2,475 shares during the period. Lewis Asset Management LLC’s holdings in iShares 20+ Year Treasury Bond ETF were worth $819,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Motco acquired a new stake in iShares 20+ Year Treasury Bond ETF during the 1st quarter worth approximately $32,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of iShares 20+ Year Treasury Bond ETF during the 2nd quarter worth $34,000. Riggs Asset Managment Co. Inc. acquired a new position in shares of iShares 20+ Year Treasury Bond ETF during the second quarter worth $35,000. ORG Wealth Partners LLC purchased a new position in shares of iShares 20+ Year Treasury Bond ETF in the 3rd quarter valued at about $35,000. Finally, Anfield Capital Management LLC purchased a new position in iShares 20+ Year Treasury Bond ETF in the second quarter valued at approximately $36,000. Hedge funds and other institutional investors own 73.32% of the company’s stock.

iShares 20+ Year Treasury Bond ETF Trading Up 1.3 %

Shares of iShares 20+ Year Treasury Bond ETF stock opened at $91.33 on Friday. The company has a fifty day simple moving average of $96.00 and a 200-day simple moving average of $94.08. iShares 20+ Year Treasury Bond ETF has a 12-month low of $86.74 and a 12-month high of $101.64. The stock has a market cap of $59.16 billion, a price-to-earnings ratio of -7.14 and a beta of 0.06.

iShares 20+ Year Treasury Bond ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Wednesday, November 6th. Stockholders of record on Friday, November 1st were issued a $0.3105 dividend. This is an increase from iShares 20+ Year Treasury Bond ETF’s previous monthly dividend of $0.29. This represents a $3.73 annualized dividend and a dividend yield of 4.08%. The ex-dividend date of this dividend was Friday, November 1st.

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.