Cadence Bank Takes Position in iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT)

Cadence Bank purchased a new position in shares of iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 2,376 shares of the exchange traded fund’s stock, valued at approximately $207,000.

Several other hedge funds also recently bought and sold shares of TLT. Capula Management Ltd purchased a new stake in shares of iShares 20+ Year Treasury Bond ETF during the fourth quarter valued at $455,550,000. Wealthfront Advisers LLC increased its position in shares of iShares 20+ Year Treasury Bond ETF by 1,901.0% during the fourth quarter. Wealthfront Advisers LLC now owns 1,588,699 shares of the exchange traded fund’s stock worth $138,741,000 after acquiring an additional 1,509,302 shares during the period. FMR LLC raised its stake in shares of iShares 20+ Year Treasury Bond ETF by 24.3% during the fourth quarter. FMR LLC now owns 7,274,989 shares of the exchange traded fund’s stock valued at $635,325,000 after acquiring an additional 1,421,699 shares in the last quarter. Renaissance Technologies LLC grew its stake in iShares 20+ Year Treasury Bond ETF by 751.1% in the fourth quarter. Renaissance Technologies LLC now owns 1,199,986 shares of the exchange traded fund’s stock worth $104,795,000 after purchasing an additional 1,059,000 shares in the last quarter. Finally, Invesco Ltd. purchased a new position in iShares 20+ Year Treasury Bond ETF during the 4th quarter worth $85,147,000. Institutional investors own 73.32% of the company’s stock.

iShares 20+ Year Treasury Bond ETF Trading Down 0.9 %

Shares of TLT stock opened at $87.53 on Friday. The stock has a market capitalization of $48.07 billion, a price-to-earnings ratio of -7.38 and a beta of 0.06. iShares 20+ Year Treasury Bond ETF has a twelve month low of $84.89 and a twelve month high of $101.64. The stock has a fifty day simple moving average of $89.81 and a two-hundred day simple moving average of $90.21.

iShares 20+ Year Treasury Bond ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, April 4th. Shareholders of record on Tuesday, April 1st were issued a dividend of $0.3256 per share. This represents a $3.91 annualized dividend and a yield of 4.46%. The ex-dividend date of this dividend was Tuesday, April 1st.

iShares 20+ Year Treasury Bond ETF Company 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.