Investment Management Corp VA ADV Acquires Shares of 16,527 iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT)

Investment Management Corp VA ADV acquired a new stake in iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 16,527 shares of the exchange traded fund’s stock, valued at approximately $1,443,000. iShares 20+ Year Treasury Bond ETF comprises about 1.3% of Investment Management Corp VA ADV’s portfolio, making the stock its 14th largest position.

A number of other hedge funds also recently bought and sold shares of TLT. Mutual Advisors LLC raised its holdings in iShares 20+ Year Treasury Bond ETF by 5.3% in the 4th quarter. Mutual Advisors LLC now owns 121,534 shares of the exchange traded fund’s stock valued at $10,578,000 after acquiring an additional 6,146 shares during the last quarter. D.B. Root & Company LLC purchased a new stake in shares of iShares 20+ Year Treasury Bond ETF during the 4th quarter valued at approximately $535,000. Raleigh Capital Management Inc. raised its position in shares of iShares 20+ Year Treasury Bond ETF by 68.3% during the 4th quarter. Raleigh Capital Management Inc. now owns 1,441 shares of the exchange traded fund’s stock valued at $126,000 after buying an additional 585 shares during the period. Endeavor Private Wealth Inc. purchased a new stake in shares of iShares 20+ Year Treasury Bond ETF during the 4th quarter valued at approximately $907,000. Finally, Avior Wealth Management LLC raised its position in shares of iShares 20+ Year Treasury Bond ETF by 4.5% during the 4th quarter. Avior Wealth Management LLC now owns 4,589 shares of the exchange traded fund’s stock valued at $401,000 after buying an additional 199 shares during the period. Institutional investors and hedge funds own 73.32% of the company’s stock.

iShares 20+ Year Treasury Bond ETF Stock Performance

TLT stock opened at $84.41 on Friday. The firm has a market cap of $45.67 billion, a PE ratio of -6.91 and a beta of 0.06. The firm’s 50 day moving average price is $88.31 and its 200-day moving average price is $89.17. iShares 20+ Year Treasury Bond ETF has a one year low of $83.30 and a one year high of $101.64.

iShares 20+ Year Treasury Bond ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Tuesday, May 6th. Stockholders of record on Thursday, May 1st were given a dividend of $0.3276 per share. This represents a $3.93 annualized dividend and a dividend yield of 4.66%. The ex-dividend date was Thursday, May 1st. This is a positive change from iShares 20+ Year Treasury Bond ETF’s previous monthly dividend of $0.33.

About iShares 20+ Year Treasury Bond ETF

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.