Summit Wealth Group LLC Has $735,000 Holdings in iShares 20+ Year Treasury Bond ETF $TLT

Summit Wealth Group LLC lessened its holdings in iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) by 79.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,328 shares of the exchange traded fund’s stock after selling 31,764 shares during the period. Summit Wealth Group LLC’s holdings in iShares 20+ Year Treasury Bond ETF were worth $735,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of TLT. Goldman Sachs Group Inc. lifted its stake in shares of iShares 20+ Year Treasury Bond ETF by 200.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 36,052,581 shares of the exchange traded fund’s stock valued at $3,281,866,000 after purchasing an additional 71,888,500 shares during the last quarter. Simplex Trading LLC acquired a new stake in shares of iShares 20+ Year Treasury Bond ETF in the 1st quarter valued at $278,367,000. Assetmark Inc. lifted its stake in shares of iShares 20+ Year Treasury Bond ETF by 415.4% in the 1st quarter. Assetmark Inc. now owns 1,678,685 shares of the exchange traded fund’s stock valued at $152,811,000 after purchasing an additional 1,352,977 shares during the last quarter. Eisler Capital Management Ltd. acquired a new stake in shares of iShares 20+ Year Treasury Bond ETF in the 1st quarter valued at $94,839,000. Finally, Electron Capital Partners LLC acquired a new stake in shares of iShares 20+ Year Treasury Bond ETF in the 1st quarter valued at $78,067,000. Institutional investors and hedge funds own 73.33% of the company’s stock.

iShares 20+ Year Treasury Bond ETF Trading Down 1.1%

TLT stock opened at $88.96 on Thursday. iShares 20+ Year Treasury Bond ETF has a 1 year low of $83.29 and a 1 year high of $94.85. The company has a fifty day simple moving average of $89.66 and a 200 day simple moving average of $87.70. The firm has a market cap of $48.73 billion, a PE ratio of -6.75 and a beta of 0.53.

iShares 20+ Year Treasury Bond ETF Increases Dividend

The company also recently announced a monthly dividend, which will be paid on Thursday, November 6th. Investors of record on Monday, November 3rd will be issued a $0.3251 dividend. This is a boost from iShares 20+ Year Treasury Bond ETF’s previous monthly dividend of $0.31. The ex-dividend date is Monday, November 3rd. This represents a c) annualized dividend and a yield of 4.4%.

iShares 20+ Year Treasury Bond ETF 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.