Scarborough Advisors LLC Makes New $23.95 Million Investment in iShares 20+ Year Treasury Bond ETF $TLT

Scarborough Advisors LLC purchased a new position in shares of iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 276,273 shares of the exchange traded fund’s stock, valued at approximately $23,950,000. iShares 20+ Year Treasury Bond ETF makes up about 2.6% of Scarborough Advisors LLC’s holdings, making the stock its 11th biggest holding. Scarborough Advisors LLC owned approximately 0.06% of iShares 20+ Year Treasury Bond ETF at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. JPMorgan Chase & Co. lifted its stake in shares of iShares 20+ Year Treasury Bond ETF by 125.5% during the 4th quarter. JPMorgan Chase & Co. now owns 8,997,581 shares of the exchange traded fund’s stock worth $784,229,000 after purchasing an additional 44,234,543 shares during the period. Bank of America Corp DE grew its position in shares of iShares 20+ Year Treasury Bond ETF by 10.5% in the fourth quarter. Bank of America Corp DE now owns 109,057,503 shares of the exchange traded fund’s stock valued at $9,505,452,000 after purchasing an additional 10,380,437 shares during the period. Morgan Stanley grew its position in shares of iShares 20+ Year Treasury Bond ETF by 31.3% in the fourth quarter. Morgan Stanley now owns 19,186,986 shares of the exchange traded fund’s stock valued at $1,672,338,000 after purchasing an additional 4,577,906 shares during the period. Pureheart Capital Pte Ltd. acquired a new position in iShares 20+ Year Treasury Bond ETF in the fourth quarter valued at $292,683,000. Finally, Northwestern Mutual Wealth Management Co. increased its stake in iShares 20+ Year Treasury Bond ETF by 3.4% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 43,140,136 shares of the exchange traded fund’s stock valued at $3,760,094,000 after purchasing an additional 1,418,641 shares during the last quarter. Institutional investors and hedge funds own 73.33% of the company’s stock.

iShares 20+ Year Treasury Bond ETF Stock Performance

NASDAQ TLT opened at $84.52 on Monday. The business’s 50-day moving average price is $85.28 and its 200 day moving average price is $86.72. iShares 20+ Year Treasury Bond ETF has a twelve month low of $82.77 and a twelve month high of $92.18. The company has a market capitalization of $42.99 billion, a PE ratio of -6.75 and a beta of 0.51.

iShares 20+ Year Treasury Bond ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Tuesday, July 7th. Stockholders of record on Wednesday, July 1st were issued a dividend of $0.318 per share. This represents a c) annualized dividend and a dividend yield of 4.5%. The ex-dividend date was Wednesday, July 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. The Underlying Index includes all publicly-issued the United States Treasury securities that have a remaining maturity of greater than or equal to 20 years.