Kelly Financial Services LLC Raises Stock Position in iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT)

Kelly Financial Services LLC lifted its holdings in shares of iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) by 10.4% during the 4th quarter, HoldingsChannel.com reports. The fund owned 74,462 shares of the exchange traded fund’s stock after buying an additional 6,988 shares during the period. iShares 20+ Year Treasury Bond ETF makes up about 1.9% of Kelly Financial Services LLC’s portfolio, making the stock its 13th biggest holding. Kelly Financial Services LLC’s holdings in iShares 20+ Year Treasury Bond ETF were worth $6,505,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in TLT. Ballew Advisors Inc raised its position in iShares 20+ Year Treasury Bond ETF by 77.7% in the fourth quarter. Ballew Advisors Inc now owns 26,066 shares of the exchange traded fund’s stock valued at $2,227,000 after purchasing an additional 11,400 shares during the period. Smith Salley Wealth Management grew its stake in shares of iShares 20+ Year Treasury Bond ETF by 1.2% in the fourth quarter. Smith Salley Wealth Management now owns 42,622 shares of the exchange traded fund’s stock valued at $3,722,000 after buying an additional 486 shares in the last quarter. TruWealth Advisors LLC purchased a new stake in shares of iShares 20+ Year Treasury Bond ETF during the 4th quarter valued at about $387,000. Integrated Investment Consultants LLC lifted its position in iShares 20+ Year Treasury Bond ETF by 74.2% during the 4th quarter. Integrated Investment Consultants LLC now owns 12,784 shares of the exchange traded fund’s stock worth $1,116,000 after acquiring an additional 5,445 shares in the last quarter. Finally, Arkadios Wealth Advisors boosted its holdings in iShares 20+ Year Treasury Bond ETF by 9.2% in the 4th quarter. Arkadios Wealth Advisors now owns 48,459 shares of the exchange traded fund’s stock worth $4,232,000 after acquiring an additional 4,086 shares during the period. 73.32% of the stock is owned by hedge funds and other institutional investors.

iShares 20+ Year Treasury Bond ETF Stock Up 0.2 %

Shares of NASDAQ:TLT opened at $87.19 on Friday. The company has a market capitalization of $51.06 billion, a price-to-earnings ratio of -7.14 and a beta of 0.06. The company has a 50 day moving average of $89.67 and a two-hundred day moving average of $93.53. iShares 20+ Year Treasury Bond ETF has a 52-week low of $84.89 and a 52-week high of $101.64.

iShares 20+ Year Treasury Bond ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Monday, December 23rd. Investors of record on Wednesday, December 18th were issued a dividend of $0.351 per share. This represents a $4.21 dividend on an annualized basis and a yield of 4.83%. This is a positive change from iShares 20+ Year Treasury Bond ETF’s previous monthly dividend of $0.31. The ex-dividend date of this dividend was Wednesday, December 18th.

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.