Verus Capital Partners LLC raised its position in iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT – Free Report) by 55.6% during the third quarter, HoldingsChannel reports. The firm owned 61,722 shares of the exchange traded fund’s stock after purchasing an additional 22,057 shares during the period. Verus Capital Partners LLC’s holdings in iShares 20+ Year Treasury Bond ETF were worth $4,801,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. grew its holdings in shares of iShares 20+ Year Treasury Bond ETF by 18.3% during the second quarter. Envestnet Asset Management Inc. now owns 5,550,822 shares of the exchange traded fund’s stock worth $479,702,000 after buying an additional 860,164 shares in the last quarter. Aozora Bank LTD. acquired a new stake in shares of iShares 20+ Year Treasury Bond ETF in the second quarter valued at about $198,507,000. The Manufacturers Life Insurance Company raised its position in shares of iShares 20+ Year Treasury Bond ETF by 141.9% in the second quarter. The Manufacturers Life Insurance Company now owns 1,311,965 shares of the exchange traded fund’s stock valued at $113,380,000 after buying an additional 769,615 shares during the last quarter. HighTower Advisors LLC lifted its stake in shares of iShares 20+ Year Treasury Bond ETF by 30.1% in the second quarter. HighTower Advisors LLC now owns 1,052,408 shares of the exchange traded fund’s stock worth $90,949,000 after buying an additional 243,793 shares in the last quarter. Finally, Commonwealth Equity Services LLC lifted its stake in shares of iShares 20+ Year Treasury Bond ETF by 15.6% in the third quarter. Commonwealth Equity Services LLC now owns 999,752 shares of the exchange traded fund’s stock worth $77,761,000 after buying an additional 134,943 shares in the last quarter. Institutional investors and hedge funds own 73.33% of the company’s stock.
iShares 20+ Year Treasury Bond ETF Trading Down 0.0%
TLT opened at $81.92 on Friday. The firm has a market capitalization of $49.09 billion, a PE ratio of -6.75 and a beta of 0.51. iShares 20+ Year Treasury Bond ETF has a twelve month low of $76.43 and a twelve month high of $90.86. The firm’s 50-day moving average price is $80.38 and its 200 day moving average price is $84.50.
iShares 20+ Year Treasury Bond ETF Increases Dividend
The firm also recently disclosed a monthly dividend, which was paid on Thursday, November 5th. Shareholders of record on Monday, November 2nd were issued a $0.3432 dividend. This represents a $4.12 dividend on an annualized basis and a yield of 5.0%. The ex-dividend date was Monday, November 2nd. This is a positive change from iShares 20+ Year Treasury Bond ETF’s previous monthly dividend of $0.3116.
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.
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