iShares 20+ Year Treasury Bond ETF $TLT Shares Acquired by Summit Financial Wealth Advisors LLC

Summit Financial Wealth Advisors LLC increased its stake in shares of iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) by 60.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 37,642 shares of the exchange traded fund’s stock after acquiring an additional 14,211 shares during the quarter. Summit Financial Wealth Advisors LLC’s holdings in iShares 20+ Year Treasury Bond ETF were worth $2,928,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of TLT. Gunpowder Capital Management LLC dba Oliver Wealth Management bought a new stake in iShares 20+ Year Treasury Bond ETF in the 4th quarter valued at about $31,000. Summer Road LLC boosted its holdings in iShares 20+ Year Treasury Bond ETF by 117.6% in the first quarter. Summer Road LLC now owns 370 shares of the exchange traded fund’s stock worth $32,000 after acquiring an additional 200 shares in the last quarter. Axiom Investment Management LLC bought a new position in iShares 20+ Year Treasury Bond ETF in the first quarter worth approximately $32,000. Versant Capital Management Inc grew its stake in iShares 20+ Year Treasury Bond ETF by 1,126.1% in the third quarter. Versant Capital Management Inc now owns 564 shares of the exchange traded fund’s stock valued at $44,000 after acquiring an additional 518 shares during the period. Finally, Cornerstone Planning Group LLC grew its stake in iShares 20+ Year Treasury Bond ETF by 123.6% in the second quarter. Cornerstone Planning Group LLC now owns 615 shares of the exchange traded fund’s stock valued at $51,000 after acquiring an additional 340 shares during the period. 73.33% of the stock is currently owned by institutional investors and hedge funds.

iShares 20+ Year Treasury Bond ETF Stock Performance

Shares of NASDAQ TLT traded up $1.22 during midday trading on Thursday, hitting $80.11. 54,414,480 shares of the stock traded hands, compared to its average volume of 33,919,184. The company has a market cap of $49.79 billion, a PE ratio of -6.75 and a beta of 0.52. iShares 20+ Year Treasury Bond ETF has a one year low of $76.43 and a one year high of $92.18. The business has a 50 day moving average price of $80.82 and a two-hundred day moving average price of $83.76.

iShares 20+ Year Treasury Bond ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Tuesday, October 6th. Investors of record on Thursday, October 1st were issued a $0.3116 dividend. The ex-dividend date was Thursday, October 1st. This represents a $3.74 dividend on an annualized basis and a dividend yield of 4.7%. This is a decrease from iShares 20+ Year Treasury Bond ETF’s previous monthly dividend of $0.3147.

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.