Gateway Wealth Partners LLC Grows Stock Position in iShares 20+ Year Treasury Bond ETF $TLT

Gateway Wealth Partners LLC raised its position in iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) by 563.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,896 shares of the exchange traded fund’s stock after acquiring an additional 17,746 shares during the quarter. Gateway Wealth Partners LLC’s holdings in iShares 20+ Year Treasury Bond ETF were worth $1,811,000 at the end of the most recent quarter.

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

iShares 20+ Year Treasury Bond ETF Price Performance

NASDAQ:TLT opened at $84.24 on Wednesday. The firm has a 50-day moving average of $85.18 and a two-hundred day moving average of $86.54. The stock has a market cap of $43.11 billion, a P/E ratio of -6.75 and a beta of 0.51. iShares 20+ Year Treasury Bond ETF has a 1-year low of $82.77 and a 1-year high of $92.18.

iShares 20+ Year Treasury Bond ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Tuesday, July 7th. Investors of record on Wednesday, July 1st were paid a $0.318 dividend. The ex-dividend date was Wednesday, July 1st. This represents a c) annualized dividend and a dividend yield of 4.5%.

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.