HighMark Wealth Management LLC Invests $3.13 Million in iShares 20+ Year Treasury Bond ETF $TLT

HighMark Wealth Management LLC purchased a new stake in iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 35,426 shares of the exchange traded fund’s stock, valued at approximately $3,126,000. iShares 20+ Year Treasury Bond ETF accounts for about 1.5% of HighMark Wealth Management LLC’s holdings, making the stock its 12th biggest holding.

A number of other institutional investors have also recently modified their holdings of the business. Brighton Jones LLC lifted its holdings in iShares 20+ Year Treasury Bond ETF by 28.0% in the fourth quarter. Brighton Jones LLC now owns 2,747 shares of the exchange traded fund’s stock valued at $240,000 after acquiring an additional 601 shares during the period. NBC Securities Inc. purchased a new position in shares of iShares 20+ Year Treasury Bond ETF in the 1st quarter valued at about $25,000. Matrix Trust Co acquired a new stake in shares of iShares 20+ Year Treasury Bond ETF in the first quarter valued at about $1,313,000. Bay Rivers Group lifted its stake in shares of iShares 20+ Year Treasury Bond ETF by 1.4% in the first quarter. Bay Rivers Group now owns 80,475 shares of the exchange traded fund’s stock valued at $7,326,000 after purchasing an additional 1,116 shares during the period. Finally, Sugar Maple Asset Management LLC purchased a new stake in iShares 20+ Year Treasury Bond ETF during the first quarter worth about $1,001,000. 73.33% of the stock is currently owned by hedge funds and other institutional investors.

iShares 20+ Year Treasury Bond ETF Trading Up 0.3%

Shares of TLT opened at $89.55 on Friday. iShares 20+ Year Treasury Bond ETF has a twelve month low of $83.29 and a twelve month high of $97.51. The firm has a market capitalization of $48.93 billion, a P/E ratio of -6.75 and a beta of 0.06. The firm’s 50-day moving average is $87.96 and its two-hundred day moving average is $87.55.

iShares 20+ Year Treasury Bond ETF Cuts Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, October 6th. Investors of record on Wednesday, October 1st will be issued a $0.3104 dividend. The ex-dividend date is Wednesday, October 1st. This represents a c) dividend on an annualized basis and a dividend yield of 4.2%.

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.