Pacific Point Advisors LLC Acquires New Holdings in iShares 20+ Year Treasury Bond ETF $TLT

Pacific Point Advisors LLC bought a new stake in iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 20,000 shares of the exchange traded fund’s stock, valued at approximately $1,765,000. iShares 20+ Year Treasury Bond ETF makes up about 1.0% of Pacific Point Advisors LLC’s investment portfolio, making the stock its 20th largest position.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. increased its position in shares of iShares 20+ Year Treasury Bond ETF by 1.0% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 38,017,057 shares of the exchange traded fund’s stock valued at $3,460,693,000 after buying an additional 374,811 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of iShares 20+ Year Treasury Bond ETF by 200.6% in the first quarter. Goldman Sachs Group Inc. now owns 36,052,581 shares of the exchange traded fund’s stock worth $3,281,866,000 after acquiring an additional 71,888,500 shares in the last quarter. Harvest Portfolios Group Inc. raised its position in shares of iShares 20+ Year Treasury Bond ETF by 19.7% during the first quarter. Harvest Portfolios Group Inc. now owns 3,638,683 shares of the exchange traded fund’s stock worth $331,229,000 after purchasing an additional 599,149 shares during the period. Simplex Trading LLC bought a new stake in iShares 20+ Year Treasury Bond ETF during the 1st quarter worth approximately $278,367,000. Finally, Raymond James Financial Inc. increased its stake in iShares 20+ Year Treasury Bond ETF by 2.7% during the 1st quarter. Raymond James Financial Inc. now owns 2,881,751 shares of the exchange traded fund’s stock worth $262,326,000 after purchasing an additional 74,660 shares in the last quarter. 73.33% of the stock is owned by institutional investors.

iShares 20+ Year Treasury Bond ETF Trading Down 0.3%

TLT opened at $89.37 on Wednesday. The firm’s fifty day simple moving average is $87.82 and its 200 day simple moving average is $87.54. The stock has a market capitalization of $49.97 billion, a P/E ratio of -6.75 and a beta of 0.06. iShares 20+ Year Treasury Bond ETF has a 12 month low of $83.29 and a 12 month high of $99.33.

iShares 20+ Year Treasury Bond ETF Cuts Dividend

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

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.