Savvy Advisors Inc. Invests $820,000 in iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT)

Savvy Advisors Inc. 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 13F filing with the Securities & Exchange Commission. The fund acquired 9,385 shares of the exchange traded fund’s stock, valued at approximately $820,000.

Several other institutional investors have also modified their holdings of TLT. Principal Financial Group Inc. boosted its position in shares of iShares 20+ Year Treasury Bond ETF by 45.5% during the 3rd quarter. Principal Financial Group Inc. now owns 88,273 shares of the exchange traded fund’s stock worth $8,660,000 after acquiring an additional 27,586 shares in the last quarter. ST Germain D J Co. Inc. grew its stake in shares of iShares 20+ Year Treasury Bond ETF by 73.1% in 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. Cornerstone Wealth Management LLC grew its position in iShares 20+ Year Treasury Bond ETF by 5.6% in the 4th quarter. Cornerstone Wealth Management LLC now owns 3,782 shares of the exchange traded fund’s stock valued at $330,000 after buying an additional 201 shares during the last quarter. Palogic Value Management L.P. acquired a new position in shares of iShares 20+ Year Treasury Bond ETF during the fourth quarter worth about $3,013,000. Finally, Dynasty Wealth Management LLC increased its position in iShares 20+ Year Treasury Bond ETF by 50.7% during the 4th quarter. Dynasty Wealth Management LLC now owns 905,254 shares of the exchange traded fund’s stock worth $79,056,000 after purchasing an additional 304,416 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

NASDAQ:TLT opened at $86.89 on Monday. The stock has a fifty day moving average price of $89.96 and a two-hundred day moving average price of $90.52. The stock has a market capitalization of $47.60 billion, a price-to-earnings ratio of -7.38 and a beta of 0.06. iShares 20+ Year Treasury Bond ETF has a 1 year low of $84.89 and a 1 year high of $101.64.

iShares 20+ Year Treasury Bond ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Friday, April 4th. Investors of record on Tuesday, April 1st were issued a $0.3256 dividend. This represents a $3.91 dividend on an annualized basis and a dividend yield of 4.50%. The ex-dividend date of this dividend was Tuesday, April 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.