Ridgeline Wealth LLC Acquires New Holdings in iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT)

Ridgeline Wealth LLC bought a new position in shares of iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 2,831 shares of the exchange traded fund’s stock, valued at approximately $247,000.

Several other hedge funds and other institutional investors have also bought and sold shares of TLT. ORG Wealth Partners LLC bought a new position in shares of iShares 20+ Year Treasury Bond ETF during the 3rd quarter worth approximately $35,000. Prospera Private Wealth LLC acquired a new position in shares of iShares 20+ Year Treasury Bond ETF during the third quarter worth $42,000. CarsonAllaria Wealth Management Ltd. purchased a new stake in shares of iShares 20+ Year Treasury Bond ETF during the 3rd quarter valued at $59,000. PSI Advisors LLC boosted its position in shares of iShares 20+ Year Treasury Bond ETF by 58.4% in the 3rd quarter. PSI Advisors LLC now owns 654 shares of the exchange traded fund’s stock worth $64,000 after purchasing an additional 241 shares in the last quarter. Finally, Signaturefd LLC grew its stake in iShares 20+ Year Treasury Bond ETF by 100.7% during the 3rd quarter. Signaturefd LLC now owns 899 shares of the exchange traded fund’s stock worth $88,000 after buying an additional 451 shares during the last quarter. Institutional investors own 73.32% of the company’s stock.

iShares 20+ Year Treasury Bond ETF Stock Performance

NASDAQ:TLT traded down $0.39 during mid-day trading on Monday, hitting $86.90. 30,148,470 shares of the company’s stock traded hands, compared to its average volume of 26,647,111. The company has a fifty day moving average of $90.80 and a 200 day moving average of $94.00. iShares 20+ Year Treasury Bond ETF has a twelve month low of $86.67 and a twelve month high of $101.64. The company has a market capitalization of $50.02 billion, a P/E ratio of -7.14 and a beta of 0.06.

iShares 20+ Year Treasury Bond ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Monday, December 23rd. Stockholders of record on Wednesday, December 18th were issued a dividend of $0.351 per share. The ex-dividend date was Wednesday, December 18th. This represents a $4.21 annualized dividend and a dividend yield of 4.85%. This is an increase from iShares 20+ Year Treasury Bond ETF’s previous monthly dividend of $0.31.

iShares 20+ Year Treasury Bond ETF Company 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.