First Pacific Financial Acquires New Shares in iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT)

First Pacific Financial bought a new stake in iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) during the 1st quarter, Holdings Channel.com reports. The institutional investor bought 422 shares of the exchange traded fund’s stock, valued at approximately $38,000.

A number of other hedge funds have also made changes to their positions in TLT. Brighton Jones LLC boosted its position in shares of iShares 20+ Year Treasury Bond ETF by 28.0% in the 4th quarter. Brighton Jones LLC now owns 2,747 shares of the exchange traded fund’s stock worth $240,000 after buying an additional 601 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in shares of iShares 20+ Year Treasury Bond ETF by 86.8% in the fourth quarter. Principal Financial Group Inc. now owns 164,867 shares of the exchange traded fund’s stock valued at $14,398,000 after purchasing an additional 76,594 shares in the last quarter. Wealthspire Advisors LLC acquired a new stake in shares of iShares 20+ Year Treasury Bond ETF in the fourth quarter valued at approximately $245,000. Bank of New York Mellon Corp increased its stake in shares of iShares 20+ Year Treasury Bond ETF by 5.4% during the 4th quarter. Bank of New York Mellon Corp now owns 945,303 shares of the exchange traded fund’s stock worth $82,553,000 after purchasing an additional 48,563 shares in the last quarter. Finally, FFT Wealth Management LLC purchased a new position in shares of iShares 20+ Year Treasury Bond ETF during the 4th quarter worth approximately $7,838,000. Hedge funds and other institutional investors own 73.32% of the company’s stock.

iShares 20+ Year Treasury Bond ETF Stock Performance

TLT stock opened at $87.51 on Thursday. The stock’s 50 day moving average price is $86.58 and its 200 day moving average price is $88.20. The firm has a market cap of $47.35 billion, a P/E ratio of -6.75 and a beta of 0.06. iShares 20+ Year Treasury Bond ETF has a 1 year low of $83.30 and a 1 year high of $101.64.

iShares 20+ Year Treasury Bond ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Thursday, June 5th. Stockholders of record on Monday, June 2nd were issued a $0.3195 dividend. The ex-dividend date was Monday, June 2nd. This represents a $3.83 dividend on an annualized basis and a dividend yield of 4.38%.

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.