JNBA Financial Advisors Makes New Investment in iShares 20+ Year Treasury Bond ETF $TLT

JNBA Financial Advisors acquired a new stake in iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 8,241 shares of the exchange traded fund’s stock, valued at approximately $712,000.

Several other hedge funds and other institutional investors have also modified their holdings of TLT. Gunpowder Capital Management LLC dba Oliver Wealth Management bought a new position in iShares 20+ Year Treasury Bond ETF in the 4th quarter valued at about $31,000. Summer Road LLC grew its position in shares of iShares 20+ Year Treasury Bond ETF by 117.6% in the first quarter. Summer Road LLC now owns 370 shares of the exchange traded fund’s stock valued at $32,000 after purchasing an additional 200 shares during the last quarter. Axiom Investment Management LLC bought a new position in shares of iShares 20+ Year Treasury Bond ETF during the first quarter worth approximately $32,000. BOK Financial Private Wealth Inc. acquired a new stake in iShares 20+ Year Treasury Bond ETF during the 4th quarter worth approximately $37,000. Finally, WFA of San Diego LLC acquired a new stake in iShares 20+ Year Treasury Bond ETF during the 2nd quarter worth approximately $46,000. Institutional investors own 73.33% of the company’s stock.

iShares 20+ Year Treasury Bond ETF Price Performance

Shares of NASDAQ TLT opened at $82.52 on Tuesday. The stock’s fifty day moving average price is $83.78 and its two-hundred day moving average price is $85.68. iShares 20+ Year Treasury Bond ETF has a one year low of $81.17 and a one year high of $92.18. The firm has a market cap of $41.57 billion, a price-to-earnings ratio of -6.75 and a beta of 0.51.

iShares 20+ Year Treasury Bond ETF Cuts Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, September 4th. Investors of record on Tuesday, September 1st will be given a dividend of $0.3147 per share. This represents a c) dividend on an annualized basis and a yield of 4.6%. The ex-dividend date of this dividend is Tuesday, September 1st.

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.