Sound Income Strategies LLC Boosts Stock Position in iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT)

Sound Income Strategies LLC lifted its position in iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) by 28.1% in the fourth quarter, Holdings Channel.com reports. The firm owned 2,663 shares of the exchange traded fund’s stock after purchasing an additional 584 shares during the quarter. Sound Income Strategies LLC’s holdings in iShares 20+ Year Treasury Bond ETF were worth $233,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of TLT. Northwestern Mutual Wealth Management Co. lifted its stake in shares of iShares 20+ Year Treasury Bond ETF by 2,810.7% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 32,622,890 shares of the exchange traded fund’s stock valued at $2,994,131,000 after acquiring an additional 31,502,110 shares during the last quarter. Assetmark Inc. lifted its stake in shares of iShares 20+ Year Treasury Bond ETF by 3,121.7% in the 3rd quarter. Assetmark Inc. now owns 4,461,161 shares of the exchange traded fund’s stock valued at $437,640,000 after acquiring an additional 4,322,688 shares during the last quarter. Quadrature Capital Ltd bought a new stake in shares of iShares 20+ Year Treasury Bond ETF in the 3rd quarter valued at about $89,789,000. IMC Chicago LLC lifted its stake in shares of iShares 20+ Year Treasury Bond ETF by 440.7% in the 3rd quarter. IMC Chicago LLC now owns 1,045,193 shares of the exchange traded fund’s stock valued at $102,533,000 after acquiring an additional 851,884 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. raised its position in iShares 20+ Year Treasury Bond ETF by 51.9% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,075,806 shares of the exchange traded fund’s stock valued at $204,612,000 after purchasing an additional 709,409 shares during the last quarter. Institutional investors own 73.32% of the company’s stock.

iShares 20+ Year Treasury Bond ETF Price Performance

TLT opened at $87.22 on Friday. The business has a 50 day simple moving average of $89.35 and a two-hundred day simple moving average of $93.35. The firm has a market capitalization of $51.29 billion, a price-to-earnings ratio of -7.14 and a beta of 0.06. iShares 20+ Year Treasury Bond ETF has a one year low of $84.89 and a one year high of $101.64.

iShares 20+ Year Treasury Bond ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Monday, December 23rd. Shareholders of record on Wednesday, December 18th were given a dividend of $0.351 per share. This is a positive change from iShares 20+ Year Treasury Bond ETF’s previous monthly dividend of $0.31. The ex-dividend date of this dividend was Wednesday, December 18th. This represents a $4.21 dividend on an annualized basis and a yield of 4.83%.

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.