Pinnacle Financial Partners Inc Has $5.97 Million Position in iShares 20+ Year Treasury Bond ETF $TLT

Pinnacle Financial Partners Inc increased its position in shares of iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) by 12.5% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 66,833 shares of the exchange traded fund’s stock after buying an additional 7,418 shares during the quarter. Pinnacle Financial Partners Inc’s holdings in iShares 20+ Year Treasury Bond ETF were worth $5,973,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in TLT. Cary Street Partners Investment Advisory LLC increased its position in shares of iShares 20+ Year Treasury Bond ETF by 130.9% during 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 during the period. Clearstead Trust LLC bought a new position in iShares 20+ Year Treasury Bond ETF in the second quarter worth $25,000. Ameritas Investment Partners Inc. acquired a new stake in iShares 20+ Year Treasury Bond ETF during the second quarter worth $33,000. Caldwell Trust Co bought a new stake in iShares 20+ Year Treasury Bond ETF in the 2nd quarter valued at $36,000. Finally, Kilter Group LLC acquired a new position in shares of iShares 20+ Year Treasury Bond ETF in the 2nd quarter valued at $37,000. Institutional investors and hedge funds own 73.33% of the company’s stock.

iShares 20+ Year Treasury Bond ETF Stock Performance

NASDAQ:TLT opened at $87.80 on Friday. The company has a 50-day moving average of $88.42 and a 200-day moving average of $88.36. iShares 20+ Year Treasury Bond ETF has a 52 week low of $83.29 and a 52 week high of $94.09. The company has a market capitalization of $46.77 billion, a price-to-earnings ratio of -6.75 and a beta of 0.53.

iShares 20+ Year Treasury Bond ETF Increases Dividend

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

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.