Patten Group Inc. Purchases Shares of 9,213 iShares 20+ Year Treasury Bond ETF $TLT

Patten Group Inc. purchased a new stake in iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) during the 4th quarter, HoldingsChannel.com reports. The fund purchased 9,213 shares of the exchange traded fund’s stock, valued at approximately $803,000.

Several other institutional investors have also recently added to or reduced their stakes in TLT. Assetmark Inc. boosted its position in shares of iShares 20+ Year Treasury Bond ETF by 652.3% during the 3rd quarter. Assetmark Inc. now owns 1,628,189 shares of the exchange traded fund’s stock worth $145,511,000 after purchasing an additional 1,411,767 shares in the last quarter. Cibc World Market Inc. increased its position in iShares 20+ Year Treasury Bond ETF by 429.3% in the 3rd quarter. Cibc World Market Inc. now owns 1,490,621 shares of the exchange traded fund’s stock valued at $133,217,000 after buying an additional 1,208,976 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in iShares 20+ Year Treasury Bond ETF by 3.0% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 41,721,495 shares of the exchange traded fund’s stock worth $3,728,650,000 after buying an additional 1,195,788 shares during the period. Prudential PLC boosted its holdings in iShares 20+ Year Treasury Bond ETF by 104.9% in the third quarter. Prudential PLC now owns 1,046,620 shares of the exchange traded fund’s stock worth $93,536,000 after acquiring an additional 535,870 shares in the last quarter. Finally, Envestnet Asset Management Inc. boosted its holdings in iShares 20+ Year Treasury Bond ETF by 8.6% in the third quarter. Envestnet Asset Management Inc. now owns 6,657,532 shares of the exchange traded fund’s stock worth $594,984,000 after acquiring an additional 527,803 shares in the last quarter. 73.33% of the stock is owned by institutional investors and hedge funds.

iShares 20+ Year Treasury Bond ETF Stock Performance

Shares of NASDAQ:TLT opened at $87.21 on Wednesday. iShares 20+ Year Treasury Bond ETF has a 52-week low of $83.29 and a 52-week high of $92.18. The business’s 50 day simple moving average is $87.87 and its two-hundred day simple moving average is $88.55. The firm has a market cap of $42.50 billion, a P/E ratio of -6.75 and a beta of 0.57.

iShares 20+ Year Treasury Bond ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Tuesday, April 7th. Stockholders of record on Wednesday, April 1st were given a dividend of $0.3448 per share. The ex-dividend date of this dividend was Wednesday, April 1st. This is a positive change from iShares 20+ Year Treasury Bond ETF’s previous monthly dividend of $0.30. This represents a c) dividend on an annualized basis and a dividend yield of 4.7%.

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. The Underlying Index includes all publicly-issued the United States Treasury securities that have a remaining maturity of greater than or equal to 20 years.