Riggs Asset Managment Co. Inc. Purchases Shares of 36,455 iShares 20+ Year Treasury Bond ETF $TLT

Riggs Asset Managment Co. Inc. purchased a new position in iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 36,455 shares of the exchange traded fund’s stock, valued at approximately $3,258,000.

Several other institutional investors have also recently made changes to their positions in the stock. Northwestern Mutual Wealth Management Co. grew its stake in shares of iShares 20+ Year Treasury Bond ETF by 6.6% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 40,525,707 shares of the exchange traded fund’s stock valued at $3,576,394,000 after acquiring an additional 2,508,650 shares during the period. JPMorgan Chase & Co. raised its stake in iShares 20+ Year Treasury Bond ETF by 84.9% during the 2nd quarter. JPMorgan Chase & Co. now owns 7,909,435 shares of the exchange traded fund’s stock worth $698,008,000 after acquiring an additional 3,632,572 shares during the period. Envestnet Asset Management Inc. raised its stake in iShares 20+ Year Treasury Bond ETF by 8.6% during the 3rd quarter. Envestnet Asset Management Inc. now owns 6,657,532 shares of the exchange traded fund’s stock worth $594,984,000 after acquiring an additional 527,803 shares during the period. Harvest Portfolios Group Inc. lifted its holdings in iShares 20+ Year Treasury Bond ETF by 0.9% during 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 purchasing an additional 33,088 shares in the last quarter. Finally, Alliancebernstein L.P. lifted its holdings in iShares 20+ Year Treasury Bond ETF by 2.3% during the second quarter. Alliancebernstein L.P. now owns 2,814,624 shares of the exchange traded fund’s stock valued at $248,391,000 after purchasing an additional 63,442 shares in the last quarter. Institutional investors own 73.33% of the company’s stock.

iShares 20+ Year Treasury Bond ETF Price Performance

TLT opened at $88.46 on Friday. The company has a 50 day simple moving average of $88.26 and a two-hundred day simple moving average of $88.82. The firm has a market cap of $45.90 billion, a P/E ratio of -6.75 and a beta of 0.53. iShares 20+ Year Treasury Bond ETF has a 1-year low of $83.29 and a 1-year high of $94.09.

iShares 20+ Year Treasury Bond ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, March 5th. Investors of record on Monday, March 2nd were paid a dividend of $0.3006 per share. The ex-dividend date was Monday, March 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 4.1%.

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.