Benjamin F. Edwards & Company Inc. Acquires 18,176 Shares of iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT)

Benjamin F. Edwards & Company Inc. raised its position in iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) by 281.5% during the 4th quarter, HoldingsChannel.com reports. The firm owned 24,633 shares of the exchange traded fund’s stock after purchasing an additional 18,176 shares during the period. Benjamin F. Edwards & Company Inc.’s holdings in iShares 20+ Year Treasury Bond ETF were worth $2,436,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of TLT. SVB Wealth LLC acquired a new stake in shares of iShares 20+ Year Treasury Bond ETF in the 3rd quarter valued at about $336,000. J.W. Cole Advisors Inc. acquired a new stake in shares of iShares 20+ Year Treasury Bond ETF in the 3rd quarter valued at about $483,000. Bank of New York Mellon Corp raised its stake in shares of iShares 20+ Year Treasury Bond ETF by 147.7% in the 3rd quarter. Bank of New York Mellon Corp now owns 1,274,165 shares of the exchange traded fund’s stock valued at $113,006,000 after purchasing an additional 759,792 shares during the period. Veracity Capital LLC acquired a new stake in shares of iShares 20+ Year Treasury Bond ETF in the third quarter valued at about $266,000. Finally, Beacon Financial Advisory LLC acquired a new stake in shares of iShares 20+ Year Treasury Bond ETF in the third quarter valued at about $280,000. Institutional investors and hedge funds own 73.32% of the company’s stock.

iShares 20+ Year Treasury Bond ETF Stock Performance

NASDAQ:TLT opened at $89.84 on Friday. The stock’s 50-day simple moving average is $91.99 and its 200 day simple moving average is $92.62. The company has a market cap of $45.90 billion, a P/E ratio of -7.07 and a beta of 0.06. iShares 20+ Year Treasury Bond ETF has a 52-week low of $82.42 and a 52-week high of $106.45.

iShares 20+ Year Treasury Bond ETF Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Tuesday, May 7th. Investors of record on Thursday, May 2nd will be given a $0.3077 dividend. This represents a $3.69 dividend on an annualized basis and a dividend yield of 4.11%. The ex-dividend date is Wednesday, May 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.