Envestnet Portfolio Solutions Inc. Acquires 662,248 Shares of iShares 20+ Year Treasury Bond ETF $TLT

Envestnet Portfolio Solutions Inc. boosted its holdings in iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) by 2,830.0% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 685,649 shares of the exchange traded fund’s stock after buying an additional 662,248 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in iShares 20+ Year Treasury Bond ETF were worth $59,254,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in TLT. Northwestern Mutual Wealth Management Co. raised its position in shares of iShares 20+ Year Treasury Bond ETF by 3.4% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 43,140,136 shares of the exchange traded fund’s stock worth $3,760,094,000 after buying an additional 1,418,641 shares in the last quarter. JPMorgan Chase & Co. grew its position in iShares 20+ Year Treasury Bond ETF by 125.5% during the fourth quarter. JPMorgan Chase & Co. now owns 8,997,581 shares of the exchange traded fund’s stock worth $784,229,000 after buying an additional 44,234,543 shares in the last quarter. Envestnet Asset Management Inc. grew its position in 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. bought a new position in iShares 20+ Year Treasury Bond ETF in the 2nd quarter worth about $198,507,000. Finally, The Manufacturers Life Insurance Company increased its stake in iShares 20+ Year Treasury Bond ETF by 141.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,311,965 shares of the exchange traded fund’s stock worth $113,380,000 after acquiring an additional 769,615 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 Price Performance

Shares of NASDAQ:TLT traded down $1.29 on Wednesday, hitting $80.46. The company’s stock had a trading volume of 53,385,312 shares, compared to its average volume of 32,362,654. The company has a market capitalization of $46.98 billion, a PE ratio of -6.75 and a beta of 0.51. The company has a 50-day simple moving average of $82.48 and a 200 day simple moving average of $84.77. iShares 20+ Year Treasury Bond ETF has a 1 year low of $80.22 and a 1 year high of $92.18.

iShares 20+ Year Treasury Bond ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, September 4th. Investors of record on Tuesday, September 1st were given a $0.3147 dividend. This represents a c) annualized dividend and a dividend yield of 4.7%. The ex-dividend date was Tuesday, September 1st.

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. 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.