Marshall & Sterling Wealth Advisors Inc. Purchases New Shares in iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT)

Marshall & Sterling Wealth Advisors Inc. purchased a new stake in shares of iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) in the fourth quarter, Holdings Channel.com reports. The fund purchased 14,375 shares of the exchange traded fund’s stock, valued at approximately $1,255,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of TLT. Principal Financial Group Inc. raised its stake in shares of iShares 20+ Year Treasury Bond ETF by 45.5% during the third quarter. Principal Financial Group Inc. now owns 88,273 shares of the exchange traded fund’s stock worth $8,660,000 after buying an additional 27,586 shares during the last quarter. Betterment LLC raised its stake in shares of iShares 20+ Year Treasury Bond ETF by 916.5% during the fourth quarter. Betterment LLC now owns 56,810 shares of the exchange traded fund’s stock worth $4,961,000 after buying an additional 51,221 shares during the last quarter. Palogic Value Management L.P. bought a new stake in shares of iShares 20+ Year Treasury Bond ETF during the fourth quarter worth approximately $3,013,000. ST Germain D J Co. Inc. raised its stake in shares of iShares 20+ Year Treasury Bond ETF by 73.1% during the fourth quarter. ST Germain D J Co. Inc. now owns 476 shares of the exchange traded fund’s stock worth $42,000 after buying an additional 201 shares during the last quarter. Finally, Cornerstone Wealth Management LLC raised its stake in shares of iShares 20+ Year Treasury Bond ETF by 5.6% during the fourth quarter. Cornerstone Wealth Management LLC now owns 3,782 shares of the exchange traded fund’s stock worth $330,000 after buying an additional 201 shares during the last quarter. 73.32% of the stock is owned by institutional investors and hedge funds.

iShares 20+ Year Treasury Bond ETF Price Performance

TLT opened at $88.89 on Monday. The company has a market cap of $48.35 billion, a price-to-earnings ratio of -7.06 and a beta of 0.06. The firm has a 50 day simple moving average of $89.70 and a 200 day simple moving average of $89.91. iShares 20+ Year Treasury Bond ETF has a fifty-two week low of $84.89 and a fifty-two week 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. Stockholders of record on Tuesday, April 1st were issued a $0.3256 dividend. This represents a $3.91 annualized dividend and a dividend yield of 4.40%. 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.