Ocean Park Asset Management LLC Buys 328,200 Shares of iShares 20+ Year Treasury Bond ETF $TLT

Ocean Park Asset Management LLC boosted its position in shares of iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) by 249.8% during the 1st quarter, Holdings Channel reports. The institutional investor owned 459,600 shares of the exchange traded fund’s stock after purchasing an additional 328,200 shares during the quarter. iShares 20+ Year Treasury Bond ETF makes up approximately 2.0% of Ocean Park Asset Management LLC’s investment portfolio, making the stock its 14th biggest position. Ocean Park Asset Management LLC’s holdings in iShares 20+ Year Treasury Bond ETF were worth $39,843,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of TLT. Bank of America Corp DE increased its stake in shares of iShares 20+ Year Treasury Bond ETF by 10.5% in the 4th quarter. Bank of America Corp DE now owns 109,057,503 shares of the exchange traded fund’s stock valued at $9,505,452,000 after buying an additional 10,380,437 shares during the period. Northwestern Mutual Wealth Management Co. lifted its stake in shares of iShares 20+ Year Treasury Bond ETF by 3.4% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 43,140,136 shares of the exchange traded fund’s stock valued at $3,760,094,000 after acquiring an additional 1,418,641 shares during the period. Morgan Stanley lifted its stake in shares of iShares 20+ Year Treasury Bond ETF by 31.3% during the fourth quarter. Morgan Stanley now owns 19,186,986 shares of the exchange traded fund’s stock valued at $1,672,338,000 after acquiring an additional 4,577,906 shares during the period. JPMorgan Chase & Co. boosted its holdings in iShares 20+ Year Treasury Bond ETF by 125.5% in the fourth quarter. JPMorgan Chase & Co. now owns 8,997,581 shares of the exchange traded fund’s stock valued at $784,229,000 after acquiring an additional 44,234,543 shares during the last quarter. Finally, Harvest Portfolios Group Inc. boosted its holdings in iShares 20+ Year Treasury Bond ETF by 0.9% in the third quarter. Harvest Portfolios Group Inc. now owns 3,535,387 shares of the exchange traded fund’s stock valued at $315,958,000 after acquiring an additional 33,088 shares during the last quarter. 73.33% of the stock is currently owned by institutional investors.

iShares 20+ Year Treasury Bond ETF Price Performance

Shares of TLT stock opened at $86.75 on Monday. The stock has a 50-day moving average price of $85.66 and a 200 day moving average price of $87.08. The firm has a market cap of $43.17 billion, a price-to-earnings ratio of -6.75 and a beta of 0.52. iShares 20+ Year Treasury Bond ETF has a 12 month low of $82.77 and a 12 month high of $92.18.

iShares 20+ Year Treasury Bond ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Thursday, June 4th. Stockholders of record on Monday, June 1st were paid a $0.3358 dividend. This is a boost from iShares 20+ Year Treasury Bond ETF’s previous monthly dividend of $0.32. The ex-dividend date of this dividend was Monday, June 1st. This represents a c) annualized dividend and a dividend yield of 4.6%.

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.