Independent Financial Group LLC Buys Shares of 31,490 iShares 20+ Year Treasury Bond ETF $TLT

Independent Financial Group LLC bought a new position in iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 31,490 shares of the exchange traded fund’s stock, valued at approximately $2,730,000.

Several other hedge funds have also recently modified their holdings of TLT. Helium Advisors LLC increased its holdings in iShares 20+ Year Treasury Bond ETF by 5.3% in the 1st quarter. Helium Advisors LLC now owns 13,888 shares of the exchange traded fund’s stock worth $1,204,000 after buying an additional 703 shares in the last quarter. Wealthfront Advisers LLC lifted its stake in iShares 20+ Year Treasury Bond ETF by 19.9% during the 1st quarter. Wealthfront Advisers LLC now owns 136,718 shares of the exchange traded fund’s stock valued at $11,852,000 after acquiring an additional 22,675 shares during the period. Sharpepoint LLC lifted its stake in iShares 20+ Year Treasury Bond ETF by 8.3% during the 1st quarter. Sharpepoint LLC now owns 100,315 shares of the exchange traded fund’s stock valued at $8,696,000 after acquiring an additional 7,663 shares during the period. NerdWallet Wealth Partners LLC purchased a new stake in shares of iShares 20+ Year Treasury Bond ETF during the 1st quarter valued at about $1,176,000. Finally, Bank of New York Mellon Corp boosted its holdings in shares of iShares 20+ Year Treasury Bond ETF by 8.4% during the 1st quarter. Bank of New York Mellon Corp now owns 444,657 shares of the exchange traded fund’s stock valued at $38,547,000 after acquiring an additional 34,451 shares during the last quarter. Hedge funds and other institutional investors own 73.33% of the company’s stock.

iShares 20+ Year Treasury Bond ETF Stock Up 0.4%

Shares of TLT stock opened at $84.52 on Friday. The company has a 50 day moving average price of $85.28 and a 200-day moving average price of $86.73. iShares 20+ Year Treasury Bond ETF has a 52 week low of $82.77 and a 52 week high of $92.18. The firm has a market capitalization of $42.83 billion, a PE ratio of -6.75 and a beta of 0.51.

iShares 20+ Year Treasury Bond ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Tuesday, July 7th. Investors of record on Wednesday, July 1st were issued a $0.318 dividend. The ex-dividend date was Wednesday, July 1st. This represents a c) annualized dividend and a yield of 4.5%.

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.