Cadent Capital Advisors LLC Purchases 71,708 Shares of iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT)

Cadent Capital Advisors LLC increased its stake in iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) by 96.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 145,915 shares of the exchange traded fund’s stock after purchasing an additional 71,708 shares during the quarter. iShares 20+ Year Treasury Bond ETF makes up 4.7% of Cadent Capital Advisors LLC’s investment portfolio, making the stock its 6th largest holding. Cadent Capital Advisors LLC’s holdings in iShares 20+ Year Treasury Bond ETF were worth $13,283,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently added to or reduced their stakes in the company. NBC Securities Inc. bought a new stake in iShares 20+ Year Treasury Bond ETF during the 1st quarter worth approximately $25,000. Byrne Asset Management LLC bought a new stake in iShares 20+ Year Treasury Bond ETF during the first quarter worth $26,000. Van ECK Associates Corp boosted its position in iShares 20+ Year Treasury Bond ETF by 82.4% during the fourth quarter. Van ECK Associates Corp now owns 394 shares of the exchange traded fund’s stock worth $34,000 after purchasing an additional 178 shares during the period. Highline Wealth Partners LLC bought a new position in shares of iShares 20+ Year Treasury Bond ETF during the first quarter worth approximately $41,000. Finally, Abound Wealth Management acquired a new stake in iShares 20+ Year Treasury Bond ETF in the 1st quarter worth about $43,000. 73.32% of the stock is owned by institutional investors and hedge funds.

iShares 20+ Year Treasury Bond ETF Stock Performance

Shares of TLT stock opened at $86.50 on Wednesday. iShares 20+ Year Treasury Bond ETF has a fifty-two week low of $83.30 and a fifty-two week high of $101.64. The stock’s fifty day moving average price is $86.67 and its two-hundred day moving average price is $88.45. The company has a market cap of $46.81 billion, a PE ratio of -6.75 and a beta of 0.06.

iShares 20+ Year Treasury Bond ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Thursday, June 5th. Shareholders of record on Monday, June 2nd were issued a dividend of $0.3195 per share. This represents a $3.83 dividend on an annualized basis and a yield of 4.43%. The ex-dividend date of this dividend was Monday, June 2nd.

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.