Fiduciary Financial Group LLC Grows Stake in iShares 20+ Year Treasury Bond ETF $TLT

Fiduciary Financial Group LLC increased its stake in shares of iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) by 178.9% in the 4th quarter, Holdings Channel reports. The firm owned 55,948 shares of the exchange traded fund’s stock after purchasing an additional 35,891 shares during the period. iShares 20+ Year Treasury Bond ETF accounts for 0.7% of Fiduciary Financial Group LLC’s investment portfolio, making the stock its 27th largest holding. Fiduciary Financial Group LLC’s holdings in iShares 20+ Year Treasury Bond ETF were worth $4,876,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of TLT. Cary Street Partners Investment Advisory LLC boosted its holdings in iShares 20+ Year Treasury Bond ETF by 130.9% in the 2nd quarter. Cary Street Partners Investment Advisory LLC now owns 284 shares of the exchange traded fund’s stock worth $25,000 after buying an additional 161 shares during the last quarter. Greykasell Wealth Strategies Inc. acquired a new position in shares of iShares 20+ Year Treasury Bond ETF during the third quarter valued at approximately $27,000. Strategic Investment Advisors MI purchased a new position in shares of iShares 20+ Year Treasury Bond ETF in the third quarter valued at approximately $27,000. Smartleaf Asset Management LLC purchased a new position in shares of iShares 20+ Year Treasury Bond ETF in the third quarter valued at approximately $33,000. Finally, First Command Advisory Services Inc. acquired a new stake in shares of iShares 20+ Year Treasury Bond ETF in the third quarter worth approximately $33,000. 73.33% of the stock is owned by hedge funds and other institutional investors.

iShares 20+ Year Treasury Bond ETF Stock Performance

Shares of TLT opened at $86.01 on Wednesday. iShares 20+ Year Treasury Bond ETF has a one year low of $83.29 and a one year high of $94.09. The stock has a market capitalization of $44.63 billion, a price-to-earnings ratio of -6.75 and a beta of 0.53. The stock has a 50 day moving average price of $88.16 and a 200 day moving average price of $88.86.

iShares 20+ Year Treasury Bond ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Thursday, March 5th. Shareholders of record on Monday, March 2nd were paid a dividend of $0.3006 per share. This represents a c) annualized dividend and a yield of 4.2%. The ex-dividend date of this dividend was Monday, March 2nd.

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. 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.