Penobscot Wealth Management Purchases 7,684 Shares of iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT)

Penobscot Wealth Management increased its stake in shares of iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) by 25.0% during the 4th quarter, Holdings Channel reports. The fund owned 38,468 shares of the exchange traded fund’s stock after purchasing an additional 7,684 shares during the quarter. iShares 20+ Year Treasury Bond ETF makes up about 2.6% of Penobscot Wealth Management’s investment portfolio, making the stock its 8th largest position. Penobscot Wealth Management’s holdings in iShares 20+ Year Treasury Bond ETF were worth $3,804,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of TLT. Capital Investment Advisors LLC acquired a new stake in iShares 20+ Year Treasury Bond ETF during the third quarter worth about $255,000. Private Trust Co. NA grew its holdings in iShares 20+ Year Treasury Bond ETF by 44.1% during the third quarter. Private Trust Co. NA now owns 5,411 shares of the exchange traded fund’s stock worth $480,000 after acquiring an additional 1,657 shares during the period. Washington Trust Advisors Inc. grew its holdings in iShares 20+ Year Treasury Bond ETF by 10.9% during the third quarter. Washington Trust Advisors Inc. now owns 1,875 shares of the exchange traded fund’s stock worth $166,000 after acquiring an additional 184 shares during the period. RDA Financial Network grew its holdings in iShares 20+ Year Treasury Bond ETF by 44.2% in the third quarter. RDA Financial Network now owns 3,519 shares of the exchange traded fund’s stock valued at $312,000 after purchasing an additional 1,078 shares during the period. Finally, CX Institutional grew its holdings in iShares 20+ Year Treasury Bond ETF by 114.9% in the third quarter. CX Institutional now owns 352,700 shares of the exchange traded fund’s stock valued at $31,240,000 after purchasing an additional 188,567 shares during the period. 73.32% of the stock is owned by institutional investors and hedge funds.

iShares 20+ Year Treasury Bond ETF Trading Down 0.7 %

TLT traded down $0.62 during trading on Thursday, hitting $87.78. The company’s stock had a trading volume of 49,257,936 shares, compared to its average volume of 43,585,301. iShares 20+ Year Treasury Bond ETF has a twelve month low of $82.42 and a twelve month high of $107.24. The business’s fifty day simple moving average is $92.59 and its 200 day simple moving average is $92.52. The firm has a market capitalization of $45.34 billion, a price-to-earnings ratio of -7.07 and a beta of 0.06.

iShares 20+ Year Treasury Bond ETF Dividend Announcement

The firm also recently disclosed a monthly dividend, which was paid on Friday, April 5th. Shareholders of record on Tuesday, April 2nd were issued a $0.3124 dividend. This represents a $3.75 annualized dividend and a yield of 4.27%. The ex-dividend date was Monday, April 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.