Alkeon Capital Management LLC Invests $44.54 Million in iShares 20+ Year Treasury Bond ETF $TLT

Alkeon Capital Management LLC purchased a new position in shares of iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) during the 4th quarter, HoldingsChannel reports. The firm purchased 511,000 shares of the exchange traded fund’s stock, valued at approximately $44,539,000.

Several other hedge funds also recently modified their holdings of TLT. Brighton Jones LLC increased its stake in shares of iShares 20+ Year Treasury Bond ETF by 28.0% during the 4th quarter. Brighton Jones LLC now owns 2,747 shares of the exchange traded fund’s stock worth $240,000 after purchasing an additional 601 shares during the last quarter. Capstone Wealth Management Group LLC increased its stake in shares of iShares 20+ Year Treasury Bond ETF by 409.3% during the 1st quarter. Capstone Wealth Management Group LLC now owns 50,847 shares of the exchange traded fund’s stock worth $4,629,000 after purchasing an additional 40,863 shares during the last quarter. Russell Investments Group Ltd. increased its stake in shares of iShares 20+ Year Treasury Bond ETF by 520.4% during the 2nd quarter. Russell Investments Group Ltd. now owns 608 shares of the exchange traded fund’s stock worth $54,000 after purchasing an additional 510 shares during the last quarter. The Manufacturers Life Insurance Company increased its stake in shares of iShares 20+ Year Treasury Bond ETF by 28.7% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 808,479 shares of the exchange traded fund’s stock worth $71,348,000 after purchasing an additional 180,073 shares during the last quarter. Finally, Alliancebernstein L.P. grew its stake in iShares 20+ Year Treasury Bond ETF by 2.3% in the 2nd quarter. Alliancebernstein L.P. now owns 2,814,624 shares of the exchange traded fund’s stock valued at $248,391,000 after buying an additional 63,442 shares during the last quarter. Institutional investors and hedge funds own 73.33% of the company’s stock.

iShares 20+ Year Treasury Bond ETF Trading Down 0.1%

NASDAQ:TLT opened at $85.72 on Tuesday. iShares 20+ Year Treasury Bond ETF has a 1 year low of $82.77 and a 1 year high of $92.18. The firm’s fifty day simple moving average is $85.68 and its 200 day simple moving average is $87.18. The firm has a market capitalization of $42.65 billion, a PE ratio of -6.75 and a beta of 0.52.

iShares 20+ Year Treasury Bond ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, June 4th. Investors of record on Monday, June 1st were paid a $0.3358 dividend. This represents a c) dividend on an annualized basis and a yield of 4.7%. The ex-dividend date was Monday, June 1st. This is a boost from iShares 20+ Year Treasury Bond ETF’s previous monthly dividend of $0.32.

About iShares 20+ Year Treasury Bond ETF

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.