Castleark Management LLC Invests $16.62 Million in iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT)

Castleark Management LLC bought a new position in iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) in the 4th quarter, Holdings Channel.com reports. The fund bought 190,360 shares of the exchange traded fund’s stock, valued at approximately $16,624,000.

Other large investors also recently added to or reduced their stakes in the company. Independence Bank of Kentucky acquired a new stake in iShares 20+ Year Treasury Bond ETF in the 4th quarter valued at $26,000. Richardson Financial Services Inc. bought a new position in shares of iShares 20+ Year Treasury Bond ETF during the fourth quarter valued at $30,000. New Wave Wealth Advisors LLC acquired a new stake in shares of iShares 20+ Year Treasury Bond ETF in the 4th quarter valued at $32,000. Van ECK Associates Corp boosted its stake in shares of iShares 20+ Year Treasury Bond ETF by 82.4% in the 4th quarter. Van ECK Associates Corp now owns 394 shares of the exchange traded fund’s stock valued at $34,000 after purchasing an additional 178 shares in the last quarter. Finally, West Branch Capital LLC grew its holdings in shares of iShares 20+ Year Treasury Bond ETF by 94.9% in the 4th quarter. West Branch Capital LLC now owns 417 shares of the exchange traded fund’s stock worth $36,000 after purchasing an additional 203 shares during the last quarter. 73.32% of the stock is owned by institutional investors.

iShares 20+ Year Treasury Bond ETF Trading Down 0.7%

Shares of iShares 20+ Year Treasury Bond ETF stock opened at $85.43 on Wednesday. The stock has a market capitalization of $46.23 billion, a price-to-earnings ratio of -6.91 and a beta of 0.06. The firm’s 50-day moving average price is $88.56 and its two-hundred day moving average price is $89.26. iShares 20+ Year Treasury Bond ETF has a 1-year low of $84.62 and a 1-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 paid a dividend of $0.3276 per share. This represents a $3.93 annualized dividend and a dividend yield of 4.60%. 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.