CVS HEALTH Corp Takes $1.73 Million Position in iShares 20+ Year Treasury Bond ETF $TLT

CVS HEALTH Corp purchased a new stake in iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) during the first quarter, HoldingsChannel.com reports. The firm purchased 20,000 shares of the exchange traded fund’s stock, valued at approximately $1,734,000. iShares 20+ Year Treasury Bond ETF makes up approximately 0.8% of CVS HEALTH Corp’s investment portfolio, making the stock its 18th biggest holding.

A number of other institutional investors and hedge funds have also recently bought and sold shares of TLT. Gunpowder Capital Management LLC dba Oliver Wealth Management purchased a new position in iShares 20+ Year Treasury Bond ETF in the fourth quarter worth $31,000. Summer Road LLC boosted its position 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 worth $32,000 after purchasing an additional 200 shares in the last quarter. Trust Co. of Vermont boosted its position 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 worth $33,000 after purchasing an additional 181 shares in the last quarter. Stone House Investment Management LLC grew its stake in shares of iShares 20+ Year Treasury Bond ETF by 1,066.7% during the 4th quarter. Stone House Investment Management LLC now owns 385 shares of the exchange traded fund’s stock worth $34,000 after purchasing an additional 352 shares during the period. Finally, Albion Financial Group UT acquired a new position in shares of iShares 20+ Year Treasury Bond ETF during the 4th quarter worth $36,000. Institutional investors and hedge funds own 73.33% of the company’s stock.

iShares 20+ Year Treasury Bond ETF Stock Down 0.7%

Shares of TLT opened at $83.89 on Tuesday. The company has a 50-day simple moving average of $85.25 and a 200-day simple moving average of $86.70. The company has a market capitalization of $42.67 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 business also recently disclosed a monthly dividend, which was paid on Tuesday, July 7th. Investors of record on Wednesday, July 1st were issued a dividend of $0.318 per share. The ex-dividend date of this dividend was Wednesday, July 1st. This represents a c) dividend on an annualized basis and a yield of 4.5%.

iShares 20+ Year Treasury Bond ETF 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.