Envestnet Asset Management Inc. Buys 527,803 Shares of iShares 20+ Year Treasury Bond ETF $TLT

Envestnet Asset Management Inc. increased its position in iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) by 8.6% in the third quarter, Holdings Channel.com reports. The fund owned 6,657,532 shares of the exchange traded fund’s stock after acquiring an additional 527,803 shares during the quarter. Envestnet Asset Management Inc.’s holdings in iShares 20+ Year Treasury Bond ETF were worth $594,984,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of TLT. Clearstead Trust LLC bought a new position in iShares 20+ Year Treasury Bond ETF in the 2nd quarter valued at $25,000. Cary Street Partners Investment Advisory LLC raised its position in shares of iShares 20+ Year Treasury Bond ETF by 130.9% in the second quarter. Cary Street Partners Investment Advisory LLC now owns 284 shares of the exchange traded fund’s stock worth $25,000 after buying an additional 161 shares in the last quarter. Greykasell Wealth Strategies Inc. purchased a new stake in shares of iShares 20+ Year Treasury Bond ETF in the third quarter worth $27,000. Ameritas Investment Partners Inc. bought a new stake in iShares 20+ Year Treasury Bond ETF during the second quarter valued at $33,000. Finally, First Command Advisory Services Inc. purchased a new position in iShares 20+ Year Treasury Bond ETF during the third quarter worth about $33,000. Hedge funds and other institutional investors own 73.33% of the company’s stock.

iShares 20+ Year Treasury Bond ETF Stock Up 0.2%

Shares of NASDAQ TLT opened at $86.76 on Wednesday. The stock’s 50-day simple moving average is $87.92 and its two-hundred day simple moving average is $88.49. iShares 20+ Year Treasury Bond ETF has a twelve month low of $83.29 and a twelve month high of $94.09. The firm has a market capitalization of $45.13 billion, a P/E ratio of -6.75 and a beta of 0.53.

iShares 20+ Year Treasury Bond ETF Cuts Dividend

The business also recently announced a monthly dividend, which will be paid on Thursday, February 5th. Investors of record on Monday, February 2nd will be paid a $0.3319 dividend. This represents a c) dividend on an annualized basis and a yield of 4.6%. The ex-dividend date of this dividend is Monday, February 2nd.

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.