CMC Financial Group Invests $2.28 Million in iShares 20+ Year Treasury Bond ETF $TLT

CMC Financial Group purchased a new position in iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 26,329 shares of the exchange traded fund’s stock, valued at approximately $2,282,000. iShares 20+ Year Treasury Bond ETF comprises about 4.5% of CMC Financial Group’s holdings, making the stock its 6th biggest position.

Several other hedge funds and other institutional investors have also modified their holdings of TLT. CPR Investments Inc. boosted its position in iShares 20+ Year Treasury Bond ETF by 164.4% during the 4th quarter. CPR Investments Inc. now owns 76,780 shares of the exchange traded fund’s stock valued at $6,692,000 after purchasing an additional 47,741 shares during the period. Benin Management CORP acquired a new stake in iShares 20+ Year Treasury Bond ETF in the fourth quarter worth $4,655,000. Caldwell Trust Co increased its position in iShares 20+ Year Treasury Bond ETF by 1,038.7% in the fourth quarter. Caldwell Trust Co now owns 6,627 shares of the exchange traded fund’s stock worth $578,000 after buying an additional 6,045 shares during the period. Affinity Wealth Management LLC increased its position in iShares 20+ Year Treasury Bond ETF by 2.6% in the fourth quarter. Affinity Wealth Management LLC now owns 289,870 shares of the exchange traded fund’s stock worth $25,265,000 after buying an additional 7,325 shares during the period. Finally, Sanctuary Advisors LLC lifted its stake in iShares 20+ Year Treasury Bond ETF by 15.1% in the fourth quarter. Sanctuary Advisors LLC now owns 244,123 shares of the exchange traded fund’s stock valued at $21,278,000 after buying an additional 31,983 shares during 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 TLT opened at $83.66 on Wednesday. iShares 20+ Year Treasury Bond ETF has a 1 year low of $82.77 and a 1 year high of $92.18. The company has a market cap of $42.55 billion, a price-to-earnings ratio of -6.75 and a beta of 0.51. The firm has a fifty day moving average of $85.22 and a 200-day moving average of $86.67.

iShares 20+ Year Treasury Bond ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Tuesday, July 7th. Investors of record on Wednesday, July 1st were given a $0.318 dividend. The ex-dividend date was Wednesday, July 1st. This represents a c) annualized dividend and a yield of 4.6%.

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. 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.