Balboa Wealth Partners Buys New Shares in iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT)

Balboa Wealth Partners purchased a new position in iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 2,916 shares of the exchange traded fund’s stock, valued at approximately $265,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Brighton Jones LLC raised its stake in iShares 20+ Year Treasury Bond ETF by 28.0% during the 4th quarter. Brighton Jones LLC now owns 2,747 shares of the exchange traded fund’s stock valued at $240,000 after purchasing an additional 601 shares during the period. Van ECK Associates Corp grew its holdings in iShares 20+ Year Treasury Bond ETF by 82.4% during the 4th quarter. Van ECK Associates Corp now owns 394 shares of the exchange traded fund’s stock valued at $34,000 after buying an additional 178 shares in the last quarter. Principal Financial Group Inc. grew its holdings in iShares 20+ Year Treasury Bond ETF by 86.8% during the 4th quarter. Principal Financial Group Inc. now owns 164,867 shares of the exchange traded fund’s stock valued at $14,398,000 after buying an additional 76,594 shares in the last quarter. Wolverine Asset Management LLC bought a new stake in shares of iShares 20+ Year Treasury Bond ETF during the fourth quarter valued at approximately $70,000. Finally, Wealthspire Advisors LLC purchased a new position in shares of iShares 20+ Year Treasury Bond ETF in the fourth quarter worth $245,000. 73.32% of the stock is owned by institutional investors.

iShares 20+ Year Treasury Bond ETF Stock Performance

TLT opened at $87.40 on Wednesday. The stock has a market capitalization of $47.29 billion, a price-to-earnings ratio of -6.75 and a beta of 0.06. The company has a fifty day moving average of $86.60 and a 200 day moving average of $88.20. iShares 20+ Year Treasury Bond ETF has a fifty-two week low of $83.30 and a fifty-two week high of $101.64.

iShares 20+ Year Treasury Bond ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Thursday, June 5th. Shareholders of record on Monday, June 2nd were issued a dividend of $0.3195 per share. This represents a $3.83 annualized dividend and a dividend yield of 4.39%. The ex-dividend date of this dividend was Monday, June 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.