Kaydan Wealth Management Inc. Sells 75,429 Shares of iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT)

Kaydan Wealth Management Inc. decreased its holdings in iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) by 26.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 215,183 shares of the exchange traded fund’s stock after selling 75,429 shares during the quarter. iShares 20+ Year Treasury Bond ETF comprises about 6.2% of Kaydan Wealth Management Inc.’s portfolio, making the stock its 7th biggest position. Kaydan Wealth Management Inc.’s holdings in iShares 20+ Year Treasury Bond ETF were worth $18,792,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. ORG Wealth Partners LLC acquired a new stake in shares of iShares 20+ Year Treasury Bond ETF during the third quarter worth $35,000. Prospera Private Wealth LLC acquired a new stake in iShares 20+ Year Treasury Bond ETF during the 3rd quarter worth about $42,000. ST Germain D J Co. Inc. grew its stake in iShares 20+ Year Treasury Bond ETF by 73.1% during the 4th quarter. ST Germain D J Co. Inc. now owns 476 shares of the exchange traded fund’s stock valued at $42,000 after purchasing an additional 201 shares during the last quarter. CarsonAllaria Wealth Management Ltd. acquired a new position in shares of iShares 20+ Year Treasury Bond ETF in the third quarter valued at about $59,000. Finally, PSI Advisors LLC raised its stake in shares of iShares 20+ Year Treasury Bond ETF by 58.4% in the third quarter. PSI Advisors LLC now owns 654 shares of the exchange traded fund’s stock worth $64,000 after purchasing an additional 241 shares during the last quarter. 73.32% of the stock is currently owned by hedge funds and other institutional investors.

iShares 20+ Year Treasury Bond ETF Stock Up 0.2 %

iShares 20+ Year Treasury Bond ETF stock opened at $87.19 on Monday. iShares 20+ Year Treasury Bond ETF has a 52 week low of $84.89 and a 52 week high of $101.64. The stock has a 50-day moving average price of $89.67 and a 200 day moving average price of $93.54. The company has a market capitalization of $51.62 billion, a price-to-earnings ratio of -7.14 and a beta of 0.06.

iShares 20+ Year Treasury Bond ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Monday, December 23rd. Stockholders of record on Wednesday, December 18th were issued a $0.351 dividend. This is an increase from iShares 20+ Year Treasury Bond ETF’s previous monthly dividend of $0.31. This represents a $4.21 annualized dividend and a dividend yield of 4.83%. The ex-dividend date was Wednesday, December 18th.

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.