Nolet Wealth Management LLC Buys New Stake in iShares 20+ Year Treasury Bond ETF $TLT

Nolet Wealth Management LLC bought a new stake in iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) during the fourth quarter, Holdings Channel.com reports. The fund bought 127,885 shares of the exchange traded fund’s stock, valued at approximately $11,146,000. iShares 20+ Year Treasury Bond ETF makes up about 6.2% of Nolet Wealth Management LLC’s portfolio, making the stock its 3rd largest position.

A number of other hedge funds have also recently modified their holdings of TLT. CPR Investments Inc. grew 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 worth $6,692,000 after purchasing an additional 47,741 shares during the last quarter. Alliance Wealth Advisors LLC UT purchased a new position in iShares 20+ Year Treasury Bond ETF during the 3rd quarter worth $1,378,000. Benin Management CORP purchased a new position in iShares 20+ Year Treasury Bond ETF during the 4th quarter worth $4,655,000. Affinity Wealth Management LLC grew its position in iShares 20+ Year Treasury Bond ETF by 2.6% during the 4th quarter. Affinity Wealth Management LLC now owns 289,870 shares of the exchange traded fund’s stock worth $25,265,000 after purchasing an additional 7,325 shares during the last quarter. Finally, Consolidated Portfolio Review Corp grew its position in iShares 20+ Year Treasury Bond ETF by 129.3% during the 3rd quarter. Consolidated Portfolio Review Corp now owns 16,112 shares of the exchange traded fund’s stock worth $1,439,000 after purchasing an additional 9,084 shares during the last quarter. 73.33% of the stock is owned by hedge funds and other institutional investors.

iShares 20+ Year Treasury Bond ETF Stock Performance

Shares of iShares 20+ Year Treasury Bond ETF stock opened at $86.19 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 capitalization of $42.89 billion, a P/E ratio of -6.75 and a beta of 0.52. The company’s fifty day moving average is $85.67 and its two-hundred day moving average is $87.15.

iShares 20+ Year Treasury Bond ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Thursday, June 4th. Shareholders of record on Monday, June 1st were given a dividend of $0.3358 per share. This represents a c) annualized dividend and a yield of 4.7%. The ex-dividend date of this dividend was Monday, June 1st. This is an increase 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.