Cadence Wealth Management LLC Has $47.83 Million Stake in iShares 20+ Year Treasury Bond ETF $TLT

Cadence Wealth Management LLC lessened its stake in shares of iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) by 4.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 551,775 shares of the exchange traded fund’s stock after selling 23,199 shares during the quarter. iShares 20+ Year Treasury Bond ETF comprises about 20.0% of Cadence Wealth Management LLC’s investment portfolio, making the stock its biggest holding. Cadence Wealth Management LLC’s holdings in iShares 20+ Year Treasury Bond ETF were worth $47,833,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Silverlake Wealth Management LLC increased its position in shares of iShares 20+ Year Treasury Bond ETF by 0.6% during the 4th quarter. Silverlake Wealth Management LLC now owns 21,019 shares of the exchange traded fund’s stock valued at $1,832,000 after purchasing an additional 115 shares during the period. Yukon Wealth Management Inc. lifted its holdings in shares of iShares 20+ Year Treasury Bond ETF by 0.5% in the third quarter. Yukon Wealth Management Inc. now owns 23,442 shares of the exchange traded fund’s stock valued at $2,095,000 after buying an additional 118 shares during the period. Advyzon Investment Management LLC lifted its holdings in shares of iShares 20+ Year Treasury Bond ETF by 0.9% in the fourth quarter. Advyzon Investment Management LLC now owns 13,784 shares of the exchange traded fund’s stock valued at $1,201,000 after buying an additional 124 shares during the period. United Asset Strategies Inc. boosted its stake in iShares 20+ Year Treasury Bond ETF by 1.2% during the first quarter. United Asset Strategies Inc. now owns 10,398 shares of the exchange traded fund’s stock valued at $901,000 after buying an additional 126 shares in the last quarter. Finally, Harvest Fund Management Co. Ltd boosted its stake in iShares 20+ Year Treasury Bond ETF by 15.8% during the third quarter. Harvest Fund Management Co. Ltd now owns 922 shares of the exchange traded fund’s stock valued at $82,000 after buying an additional 126 shares in the last quarter. Institutional investors own 73.33% of the company’s stock.

iShares 20+ Year Treasury Bond ETF Stock Down 0.3%

NASDAQ:TLT opened at $83.66 on Wednesday. The business’s 50-day moving average price is $85.22 and its 200 day moving average price is $86.67. iShares 20+ Year Treasury Bond ETF has a 52-week low of $82.77 and a 52-week high of $92.18. The firm has a market cap of $42.55 billion, a P/E ratio of -6.75 and a beta of 0.51.

iShares 20+ Year Treasury Bond ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Tuesday, July 7th. Stockholders of record on Wednesday, July 1st were paid a $0.318 dividend. The ex-dividend date of this dividend was Wednesday, July 1st. This represents a c) annualized dividend and a dividend yield of 4.6%.

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.