D.A. Davidson & CO. Has $17.56 Million Stock Position in iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT)

D.A. Davidson & CO. grew its stake in iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) by 73.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 192,929 shares of the exchange traded fund’s stock after purchasing an additional 81,478 shares during the period. D.A. Davidson & CO.’s holdings in iShares 20+ Year Treasury Bond ETF were worth $17,562,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the stock. Betterment LLC lifted its holdings in iShares 20+ Year Treasury Bond ETF by 916.5% during the 4th quarter. Betterment LLC now owns 56,810 shares of the exchange traded fund’s stock valued at $4,961,000 after purchasing an additional 51,221 shares during the last quarter. Palogic Value Management L.P. acquired a new stake in shares of iShares 20+ Year Treasury Bond ETF during the fourth quarter worth approximately $3,013,000. Vermillion & White Wealth Management Group LLC raised its stake in shares of iShares 20+ Year Treasury Bond ETF by 25.2% in the fourth quarter. Vermillion & White Wealth Management Group LLC now owns 13,227 shares of the exchange traded fund’s stock valued at $1,155,000 after acquiring an additional 2,666 shares during the last quarter. Kestra Advisory Services LLC boosted its holdings in shares of iShares 20+ Year Treasury Bond ETF by 37.7% in the 4th quarter. Kestra Advisory Services LLC now owns 436,498 shares of the exchange traded fund’s stock worth $38,119,000 after acquiring an additional 119,495 shares in the last quarter. Finally, Wayfinding Financial LLC bought a new stake in iShares 20+ Year Treasury Bond ETF during the 4th quarter worth approximately $4,665,000. 73.32% of the stock is owned by institutional investors and hedge funds.

iShares 20+ Year Treasury Bond ETF Price Performance

TLT stock opened at $87.58 on Thursday. The business has a fifty day moving average price of $86.67 and a 200 day moving average price of $88.05. iShares 20+ Year Treasury Bond ETF has a fifty-two week low of $83.30 and a fifty-two week high of $101.64. The stock has a market capitalization of $48.76 billion, a price-to-earnings ratio of -6.75 and a beta of 0.48.

iShares 20+ Year Treasury Bond ETF Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, July 7th. Stockholders of record on Tuesday, July 1st will be paid a $0.3283 dividend. The ex-dividend date is Tuesday, July 1st. This is a positive change from iShares 20+ Year Treasury Bond ETF’s previous monthly dividend of $0.32. This represents a $3.94 dividend on an annualized basis and a dividend yield of 4.50%.

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.