iShares 20+ Year Treasury Bond ETF $TLT Shares Newly Bought by Ridgepath Capital Management LLC

Ridgepath Capital Management LLC acquired a new stake in shares of iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) during the third quarter, according to its most recent disclosure with the SEC. The fund acquired 102,328 shares of the exchange traded fund’s stock, valued at approximately $7,959,000. iShares 20+ Year Treasury Bond ETF makes up about 4.4% of Ridgepath Capital Management LLC’s holdings, making the stock its 6th largest position.

A number of other hedge funds also recently made changes to their positions in TLT. LGL Partners LLC purchased a new stake in shares of iShares 20+ Year Treasury Bond ETF during the second quarter worth about $776,000. Belvedere Trading LLC bought a new stake in iShares 20+ Year Treasury Bond ETF during the 2nd quarter valued at approximately $2,823,000. Waverly Advisors LLC raised its stake in iShares 20+ Year Treasury Bond ETF by 38.3% during the 2nd quarter. Waverly Advisors LLC now owns 36,173 shares of the exchange traded fund’s stock valued at $3,126,000 after purchasing an additional 10,009 shares during the period. HighTower Advisors LLC lifted its holdings in iShares 20+ Year Treasury Bond ETF by 30.1% in the 2nd quarter. HighTower Advisors LLC now owns 1,052,408 shares of the exchange traded fund’s stock worth $90,949,000 after purchasing an additional 243,793 shares in the last quarter. Finally, Envestnet Asset Management Inc. lifted its holdings in iShares 20+ Year Treasury Bond ETF by 18.3% in the 2nd quarter. Envestnet Asset Management Inc. now owns 5,550,822 shares of the exchange traded fund’s stock worth $479,702,000 after purchasing an additional 860,164 shares in the last quarter. 73.33% of the stock is currently owned by institutional investors.

iShares 20+ Year Treasury Bond ETF Price Performance

TLT stock opened at $81.84 on Monday. iShares 20+ Year Treasury Bond ETF has a 1-year low of $76.43 and a 1-year high of $90.86. The company has a market capitalization of $47.57 billion, a price-to-earnings ratio of -6.75 and a beta of 0.52. The business has a 50 day simple moving average of $80.50 and a two-hundred day simple moving average of $84.65.

iShares 20+ Year Treasury Bond ETF Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Thursday, November 5th. Stockholders of record on Monday, November 2nd will be given a dividend of $0.3432 per share. The ex-dividend date is Monday, November 2nd. This is an increase from iShares 20+ Year Treasury Bond ETF’s previous monthly dividend of $0.3116. This represents a $4.12 annualized dividend and a dividend yield of 5.0%.

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.