Dorsey & Whitney Trust CO LLC Invests $5.84 Million in iShares 20+ Year Treasury Bond ETF $TLT

Dorsey & Whitney Trust CO LLC purchased a new position in shares of iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 66,966 shares of the exchange traded fund’s stock, valued at approximately $5,837,000.

A number of other hedge funds have also modified their holdings of TLT. CPR Investments Inc. boosted its holdings in iShares 20+ Year Treasury Bond ETF by 164.4% during the 4th quarter. CPR Investments Inc. now owns 76,780 shares of the exchange traded fund’s stock valued at $6,692,000 after acquiring an additional 47,741 shares during the period. Alliance Wealth Advisors LLC UT acquired a new stake in iShares 20+ Year Treasury Bond ETF in the 3rd quarter valued at about $1,378,000. Benin Management CORP acquired a new stake in iShares 20+ Year Treasury Bond ETF in the 4th quarter valued at about $4,655,000. Affinity Wealth Management LLC lifted its stake in iShares 20+ Year Treasury Bond ETF by 2.6% during the fourth quarter. Affinity Wealth Management LLC now owns 289,870 shares of the exchange traded fund’s stock worth $25,265,000 after purchasing an additional 7,325 shares during the last quarter. Finally, Consolidated Portfolio Review Corp lifted its stake in iShares 20+ Year Treasury Bond ETF by 129.3% during the third quarter. Consolidated Portfolio Review Corp now owns 16,112 shares of the exchange traded fund’s stock worth $1,439,000 after purchasing an additional 9,084 shares during the last quarter. 73.33% of the stock is currently owned by hedge funds and other institutional investors.

iShares 20+ Year Treasury Bond ETF Stock Down 0.3%

TLT stock opened at $84.88 on Thursday. The stock has a market cap of $42.24 billion, a price-to-earnings ratio of -6.75 and a beta of 0.52. iShares 20+ Year Treasury Bond ETF has a fifty-two week low of $82.77 and a fifty-two week high of $92.18. The business has a 50 day moving average price of $85.72 and a 200 day moving average price of $87.27.

iShares 20+ Year Treasury Bond ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Thursday, June 4th. Shareholders of record on Monday, June 1st were given a dividend of $0.3358 per share. This represents a c) annualized dividend and a yield of 4.7%. This is a positive change from iShares 20+ Year Treasury Bond ETF’s previous monthly dividend of $0.32. The ex-dividend date of this dividend was Monday, June 1st.

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.