Redwood Wealth Management Group LLC Purchases 6,821 Shares of iShares 20+ Year Treasury Bond ETF $TLT

Redwood Wealth Management Group LLC increased its position in shares of iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) by 35.8% in the third quarter, Holdings Channel reports. The institutional investor owned 25,863 shares of the exchange traded fund’s stock after buying an additional 6,821 shares during the period. iShares 20+ Year Treasury Bond ETF comprises 1.0% of Redwood Wealth Management Group LLC’s portfolio, making the stock its 28th biggest holding. Redwood Wealth Management Group LLC’s holdings in iShares 20+ Year Treasury Bond ETF were worth $2,311,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of the company. Clearstead Trust LLC bought a new position in shares of iShares 20+ Year Treasury Bond ETF during the 2nd quarter worth approximately $25,000. Cary Street Partners Investment Advisory LLC grew its position in iShares 20+ Year Treasury Bond ETF by 130.9% in the second quarter. Cary Street Partners Investment Advisory LLC now owns 284 shares of the exchange traded fund’s stock valued at $25,000 after purchasing an additional 161 shares in the last quarter. Ameritas Investment Partners Inc. acquired a new stake in iShares 20+ Year Treasury Bond ETF in the 2nd quarter valued at $33,000. Caldwell Trust Co bought a new stake in iShares 20+ Year Treasury Bond ETF during the 2nd quarter worth about $36,000. Finally, Kilter Group LLC acquired a new position in shares of iShares 20+ Year Treasury Bond ETF during the 2nd quarter worth about $37,000. Institutional investors own 73.33% of the company’s stock.

iShares 20+ Year Treasury Bond ETF Price Performance

Shares of NASDAQ TLT opened at $87.93 on Friday. The business has a 50-day moving average of $88.58 and a 200-day moving average of $88.36. The stock has a market capitalization of $46.54 billion, a price-to-earnings ratio of -6.75 and a beta of 0.53. iShares 20+ Year Treasury Bond ETF has a fifty-two week low of $83.29 and a fifty-two week high of $94.09.

iShares 20+ Year Treasury Bond ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Wednesday, December 24th. Shareholders of record on Friday, December 19th were given a dividend of $0.3424 per share. This is a positive change from iShares 20+ Year Treasury Bond ETF’s previous monthly dividend of $0.32. The ex-dividend date of this dividend was Friday, December 19th. This represents a c) annualized dividend and a dividend yield of 4.7%.

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. 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.