Portside Wealth Group LLC Invests $674,000 in iShares 20+ Year Treasury Bond ETF $TLT

Portside Wealth Group LLC purchased a new position in shares of iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 7,546 shares of the exchange traded fund’s stock, valued at approximately $674,000.

Other hedge funds also recently bought and sold shares of the company. JPMorgan Chase & Co. lifted its position in shares of iShares 20+ Year Treasury Bond ETF by 84.9% during the second quarter. JPMorgan Chase & Co. now owns 7,909,435 shares of the exchange traded fund’s stock worth $698,008,000 after purchasing an additional 3,632,572 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in iShares 20+ Year Treasury Bond ETF by 6.6% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 40,525,707 shares of the exchange traded fund’s stock worth $3,576,394,000 after buying an additional 2,508,650 shares during the period. Privium Fund Management UK Ltd bought a new stake in iShares 20+ Year Treasury Bond ETF during the 2nd quarter valued at about $51,588,000. Envestnet Asset Management Inc. boosted its position in iShares 20+ Year Treasury Bond ETF by 8.6% in the 3rd quarter. Envestnet Asset Management Inc. now owns 6,657,532 shares of the exchange traded fund’s stock valued at $594,984,000 after buying an additional 527,803 shares during the period. Finally, Meeder Asset Management Inc. purchased a new stake in iShares 20+ Year Treasury Bond ETF in the 3rd quarter valued at about $45,443,000. Institutional investors own 73.33% of the company’s stock.

iShares 20+ Year Treasury Bond ETF Stock Performance

Shares of NASDAQ:TLT opened at $87.48 on Friday. The firm’s 50 day simple moving average is $87.78 and its 200-day simple moving average is $88.47. iShares 20+ Year Treasury Bond ETF has a one year low of $83.29 and a one year high of $94.09. The firm has a market cap of $45.39 billion, a PE ratio of -6.75 and a beta of 0.53.

iShares 20+ Year Treasury Bond ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Thursday, February 5th. Shareholders of record on Monday, February 2nd were issued a dividend of $0.3319 per share. This represents a c) annualized dividend and a yield of 4.6%. The ex-dividend date was Monday, February 2nd.

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.