Cardinal Strategic Wealth Guidance Has $2.54 Million Position in iShares 20+ Year Treasury Bond ETF $TLT

Cardinal Strategic Wealth Guidance increased its stake in shares of iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) by 8.5% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,731 shares of the exchange traded fund’s stock after purchasing an additional 2,261 shares during the quarter. iShares 20+ Year Treasury Bond ETF makes up about 0.7% of Cardinal Strategic Wealth Guidance’s portfolio, making the stock its 21st largest holding. Cardinal Strategic Wealth Guidance’s holdings in iShares 20+ Year Treasury Bond ETF were worth $2,536,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Checchi Capital Advisers LLC increased its position in iShares 20+ Year Treasury Bond ETF by 75.5% during the 1st quarter. Checchi Capital Advisers LLC now owns 151,902 shares of the exchange traded fund’s stock worth $13,828,000 after purchasing an additional 65,366 shares in the last quarter. Johnson Bixby & Associates LLC increased its position in iShares 20+ Year Treasury Bond ETF by 10.4% during the 2nd quarter. Johnson Bixby & Associates LLC now owns 2,484 shares of the exchange traded fund’s stock worth $219,000 after purchasing an additional 233 shares in the last quarter. Sunpointe LLC acquired a new position in iShares 20+ Year Treasury Bond ETF during the 2nd quarter worth approximately $276,000. Golden State Wealth Management LLC increased its position in iShares 20+ Year Treasury Bond ETF by 5.1% during the 1st quarter. Golden State Wealth Management LLC now owns 6,359 shares of the exchange traded fund’s stock worth $579,000 after purchasing an additional 307 shares in the last quarter. Finally, Capital Investment Counsel Inc increased its position in iShares 20+ Year Treasury Bond ETF by 10.2% during the 1st quarter. Capital Investment Counsel Inc now owns 7,330 shares of the exchange traded fund’s stock worth $667,000 after purchasing an additional 680 shares in the last quarter. 73.33% of the stock is currently owned by institutional investors and hedge funds.

iShares 20+ Year Treasury Bond ETF Stock Performance

Shares of NASDAQ TLT opened at $89.38 on Friday. iShares 20+ Year Treasury Bond ETF has a 52-week low of $83.29 and a 52-week high of $95.96. The firm has a 50 day moving average price of $88.02 and a two-hundred day moving average price of $87.54. The stock has a market cap of $48.84 billion, a P/E ratio of -6.75 and a beta of 0.06.

iShares 20+ Year Treasury Bond ETF Cuts Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, October 6th. Shareholders of record on Wednesday, October 1st will be given a $0.3104 dividend. This represents a c) annualized dividend and a yield of 4.2%. The ex-dividend date is Wednesday, October 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.