Shepherd Kaplan Krochuk LLC Makes New $3.99 Million Investment in iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT)

Shepherd Kaplan Krochuk LLC bought a new position in iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) in the fourth quarter, HoldingsChannel.com reports. The institutional investor bought 45,665 shares of the exchange traded fund’s stock, valued at approximately $3,988,000. iShares 20+ Year Treasury Bond ETF accounts for approximately 3.3% of Shepherd Kaplan Krochuk LLC’s investment portfolio, making the stock its 11th largest position.

A number of other hedge funds have also added to or reduced their stakes in TLT. Independence Bank of Kentucky acquired a new stake in iShares 20+ Year Treasury Bond ETF in the fourth quarter valued at approximately $26,000. Richardson Financial Services Inc. acquired a new stake in iShares 20+ Year Treasury Bond ETF in the fourth quarter valued at approximately $30,000. New Wave Wealth Advisors LLC acquired a new stake in iShares 20+ Year Treasury Bond ETF in the fourth quarter valued at approximately $32,000. Van ECK Associates Corp grew its stake in iShares 20+ Year Treasury Bond ETF by 82.4% in the fourth quarter. Van ECK Associates Corp now owns 394 shares of the exchange traded fund’s stock valued at $34,000 after acquiring an additional 178 shares during the period. Finally, West Branch Capital LLC boosted its position in shares of iShares 20+ Year Treasury Bond ETF by 94.9% during the fourth quarter. West Branch Capital LLC now owns 417 shares of the exchange traded fund’s stock valued at $36,000 after buying an additional 203 shares during the last quarter. 73.32% of the stock is currently owned by institutional investors.

iShares 20+ Year Treasury Bond ETF Stock Up 0.9%

Shares of NASDAQ:TLT opened at $86.07 on Friday. The stock has a market cap of $46.57 billion, a price-to-earnings ratio of -7.06 and a beta of 0.06. iShares 20+ Year Treasury Bond ETF has a 12-month low of $84.89 and a 12-month high of $101.64. The business’s 50 day moving average is $88.82 and its 200 day moving average is $89.40.

iShares 20+ Year Treasury Bond ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Tuesday, May 6th. Investors of record on Thursday, May 1st were given a dividend of $0.3276 per share. This is a boost from iShares 20+ Year Treasury Bond ETF’s previous monthly dividend of $0.33. The ex-dividend date of this dividend was Thursday, May 1st. This represents a $3.93 annualized dividend and a dividend yield of 4.57%.

About iShares 20+ Year Treasury Bond ETF

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.