Cahill Financial Advisors Inc. Buys 2,037 Shares of iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT)

Cahill Financial Advisors Inc. raised its stake in shares of iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) by 5.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 39,104 shares of the exchange traded fund’s stock after purchasing an additional 2,037 shares during the period. Cahill Financial Advisors Inc.’s holdings in iShares 20+ Year Treasury Bond ETF were worth $3,415,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of TLT. Cardiff Park Advisors LLC increased its holdings in shares of iShares 20+ Year Treasury Bond ETF by 82.8% during the 4th quarter. Cardiff Park Advisors LLC now owns 1,669 shares of the exchange traded fund’s stock worth $146,000 after purchasing an additional 756 shares during the period. Cary Street Partners Financial LLC bought a new position in iShares 20+ Year Treasury Bond ETF in the fourth quarter worth $1,008,000. Brown Wealth Management LLC raised its stake in shares of iShares 20+ Year Treasury Bond ETF by 119.2% in the 4th quarter. Brown Wealth Management LLC now owns 55,007 shares of the exchange traded fund’s stock valued at $4,804,000 after buying an additional 29,917 shares in the last quarter. Benjamin Edwards Inc. boosted its holdings in iShares 20+ Year Treasury Bond ETF by 7.3% during the fourth quarter. Benjamin Edwards Inc. now owns 28,765 shares of the exchange traded fund’s stock valued at $2,512,000 after purchasing an additional 1,954 shares in the last quarter. Finally, Alteri Wealth LLC acquired a new position in shares of iShares 20+ Year Treasury Bond ETF in the 4th quarter worth approximately $737,000. 73.32% of the stock is currently owned by institutional investors and hedge funds.

iShares 20+ Year Treasury Bond ETF Stock Performance

TLT opened at $87.73 on Monday. The firm has a market cap of $47.65 billion, a price-to-earnings ratio of -7.06 and a beta of 0.06. iShares 20+ Year Treasury Bond ETF has a twelve month low of $84.89 and a twelve month high of $101.64. The firm’s 50-day simple moving average is $89.66 and its 200-day simple moving average is $89.72.

iShares 20+ Year Treasury Bond ETF Increases Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, May 6th. Stockholders of record on Thursday, May 1st will be paid a $0.3276 dividend. This is a boost from iShares 20+ Year Treasury Bond ETF’s previous monthly dividend of $0.33. This represents a $3.93 annualized dividend and a dividend yield of 4.48%. The ex-dividend date of this dividend is Thursday, May 1st.

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.