NewEdge Wealth LLC Purchases 11,496 Shares of iShares 20+ Year Treasury Bond ETF $TLT

NewEdge Wealth LLC raised its position in shares of iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) by 102.0% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 22,771 shares of the exchange traded fund’s stock after purchasing an additional 11,496 shares during the quarter. NewEdge Wealth LLC’s holdings in iShares 20+ Year Treasury Bond ETF were worth $1,974,000 as of its most recent SEC filing.

A number of other hedge funds have also 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 in the fourth quarter worth $31,000. Summer Road LLC lifted its stake in shares of iShares 20+ Year Treasury Bond ETF by 117.6% during the 1st quarter. Summer Road LLC now owns 370 shares of the exchange traded fund’s stock valued at $32,000 after buying an additional 200 shares in the last quarter. Trust Co. of Vermont lifted its stake in shares of 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 in the last quarter. Stone House Investment Management LLC boosted its holdings in iShares 20+ Year Treasury Bond ETF by 1,066.7% in the 4th quarter. Stone House Investment Management LLC now owns 385 shares of the exchange traded fund’s stock worth $34,000 after buying an additional 352 shares during the period. Finally, Albion Financial Group UT bought a new position in iShares 20+ Year Treasury Bond ETF in the 4th quarter worth $36,000. 73.33% of the stock is currently owned by institutional investors.

iShares 20+ Year Treasury Bond ETF Stock Performance

Shares of TLT stock opened at $83.25 on Friday. The stock has a fifty day simple moving average of $85.15 and a two-hundred day simple moving average of $86.59. The firm has a market capitalization of $42.25 billion, a PE ratio of -6.75 and a beta of 0.51. iShares 20+ Year Treasury Bond ETF has a 52-week low of $82.77 and a 52-week high of $92.18.

iShares 20+ Year Treasury Bond ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Tuesday, July 7th. Stockholders 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) dividend on an annualized basis and a dividend yield of 4.6%.

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. 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.