Navigation Wealth Management Inc. Makes New Investment in iShares 20+ Year Treasury Bond ETF $TLT

Navigation Wealth Management Inc. purchased a new position in shares of iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) in the second quarter, HoldingsChannel reports. The institutional investor purchased 58,131 shares of the exchange traded fund’s stock, valued at approximately $5,130,000. iShares 20+ Year Treasury Bond ETF makes up about 7.6% of Navigation Wealth Management Inc.’s holdings, making the stock its 2nd biggest holding.

Other large investors also recently modified their holdings of the company. NBC Securities Inc. acquired a new position in shares of iShares 20+ Year Treasury Bond ETF during the first quarter worth approximately $25,000. Byrne Asset Management LLC acquired a new position in shares of iShares 20+ Year Treasury Bond ETF during the first quarter worth approximately $26,000. Proathlete Wealth Management LLC acquired a new position in shares of iShares 20+ Year Treasury Bond ETF during the first quarter worth approximately $28,000. Coastline Trust Co acquired a new position in shares of iShares 20+ Year Treasury Bond ETF during the first quarter worth approximately $32,000. Finally, First Pacific Financial acquired a new position in shares of iShares 20+ Year Treasury Bond ETF during the first quarter worth approximately $38,000. 73.33% of the stock is currently owned by institutional investors and hedge funds.

iShares 20+ Year Treasury Bond ETF Stock Up 0.2%

Shares of TLT stock opened at $90.35 on Wednesday. iShares 20+ Year Treasury Bond ETF has a 12 month low of $83.29 and a 12 month high of $101.64. The firm has a market cap of $50.51 billion, a PE ratio of -6.75 and a beta of 0.06. The stock has a 50 day moving average of $87.15 and a 200-day moving average of $87.65.

iShares 20+ Year Treasury Bond ETF Announces Dividend

The business also recently declared a monthly dividend, which was paid on Friday, September 5th. Shareholders of record on Tuesday, September 2nd were given a $0.3281 dividend. This represents a c) dividend on an annualized basis and a yield of 4.4%. The ex-dividend date was Tuesday, September 2nd.

iShares 20+ Year Treasury Bond ETF Company 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.