Envestnet Asset Management Inc. Has $1.39 Billion Stake in iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT)

Envestnet Asset Management Inc. lifted its stake in iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) by 1.9% in the fourth quarter, HoldingsChannel.com reports. The firm owned 15,956,950 shares of the exchange traded fund’s stock after purchasing an additional 298,003 shares during the quarter. Envestnet Asset Management Inc.’s holdings in iShares 20+ Year Treasury Bond ETF were worth $1,393,520,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Independence Bank of Kentucky bought a new position in iShares 20+ Year Treasury Bond ETF in the 4th quarter valued at $26,000. Richardson Financial Services Inc. bought a new position in iShares 20+ Year Treasury Bond ETF in the fourth quarter valued at about $30,000. New Wave Wealth Advisors LLC acquired a new stake in iShares 20+ Year Treasury Bond ETF in the fourth quarter worth about $32,000. Van ECK Associates Corp increased its position in iShares 20+ Year Treasury Bond ETF by 82.4% in the fourth quarter. Van ECK Associates Corp now owns 394 shares of the exchange traded fund’s stock worth $34,000 after purchasing an additional 178 shares during the period. Finally, West Branch Capital LLC raised its holdings in iShares 20+ Year Treasury Bond ETF by 94.9% during the 4th quarter. West Branch Capital LLC now owns 417 shares of the exchange traded fund’s stock worth $36,000 after purchasing an additional 203 shares during the last quarter. Institutional investors own 73.32% of the company’s stock.

iShares 20+ Year Treasury Bond ETF Trading Up 1.1 %

Shares of NASDAQ TLT opened at $92.85 on Friday. iShares 20+ Year Treasury Bond ETF has a 1 year low of $84.89 and a 1 year high of $101.64. The firm’s 50-day moving average is $89.95 and its 200-day moving average is $91.10. The firm has a market capitalization of $52.76 billion, a PE ratio of -7.38 and a beta of 0.47.

iShares 20+ Year Treasury Bond ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, April 4th. Shareholders of record on Tuesday, April 1st were paid a $0.3256 dividend. The ex-dividend date was Tuesday, April 1st. This represents a $3.91 dividend on an annualized basis and a yield of 4.21%.

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.