Beacon Advisors Holdings LLC Invests $8.82 Million in iShares 20+ Year Treasury Bond ETF $TLT

Beacon Advisors Holdings LLC acquired a new stake in shares of iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 101,241 shares of the exchange traded fund’s stock, valued at approximately $8,824,000. iShares 20+ Year Treasury Bond ETF accounts for 4.6% of Beacon Advisors Holdings LLC’s portfolio, making the stock its 9th biggest position.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. raised its stake in shares of iShares 20+ Year Treasury Bond ETF by 125.5% in the 4th quarter. JPMorgan Chase & Co. now owns 8,997,581 shares of the exchange traded fund’s stock worth $784,229,000 after buying an additional 44,234,543 shares in the last quarter. Bank of America Corp DE grew its holdings in iShares 20+ Year Treasury Bond ETF by 10.5% during the fourth quarter. Bank of America Corp DE now owns 109,057,503 shares of the exchange traded fund’s stock worth $9,505,452,000 after acquiring an additional 10,380,437 shares during the period. Morgan Stanley raised its position in iShares 20+ Year Treasury Bond ETF by 31.3% in the fourth quarter. Morgan Stanley now owns 19,186,986 shares of the exchange traded fund’s stock worth $1,672,338,000 after acquiring an additional 4,577,906 shares in the last quarter. Pureheart Capital Pte Ltd. bought a new stake in iShares 20+ Year Treasury Bond ETF in the fourth quarter worth about $292,683,000. Finally, Northwestern Mutual Wealth Management Co. lifted its holdings in iShares 20+ Year Treasury Bond ETF by 3.4% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 43,140,136 shares of the exchange traded fund’s stock valued at $3,760,094,000 after acquiring an additional 1,418,641 shares during the last quarter. Institutional investors own 73.33% of the company’s stock.

iShares 20+ Year Treasury Bond ETF Price Performance

Shares of TLT opened at $86.75 on Friday. The firm’s 50 day moving average is $85.66 and its 200-day moving average is $87.09. The stock has a market capitalization of $43.17 billion, a P/E ratio of -6.75 and a beta of 0.52. iShares 20+ Year Treasury Bond ETF has a 12-month low of $82.77 and a 12-month high of $92.18.

iShares 20+ Year Treasury Bond ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Thursday, June 4th. Shareholders of record on Monday, June 1st were issued a $0.3358 dividend. This is an increase from iShares 20+ Year Treasury Bond ETF’s previous monthly dividend of $0.32. This represents a c) annualized dividend and a dividend yield of 4.6%. The ex-dividend date of this dividend was Monday, June 1st.

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.