Buffalo Business & Estate Services Ltd. Invests $8.46 Million in iShares 20+ Year Treasury Bond ETF $TLT

Buffalo Business & Estate Services Ltd. bought a new stake in iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 97,625 shares of the exchange traded fund’s stock, valued at approximately $8,463,000. iShares 20+ Year Treasury Bond ETF comprises approximately 1.2% of Buffalo Business & Estate Services Ltd.’s portfolio, making the stock its 13th largest holding.

Other institutional investors and hedge funds have also modified their holdings of the company. Bank of America Corp DE boosted its stake in iShares 20+ Year Treasury Bond ETF by 10.5% in 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 purchasing an additional 10,380,437 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in shares of iShares 20+ Year Treasury Bond ETF by 3.4% in the fourth 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 buying an additional 1,418,641 shares in the last quarter. Morgan Stanley raised its holdings in shares of 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 valued at $1,672,338,000 after buying an additional 4,577,906 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of iShares 20+ Year Treasury Bond ETF by 125.5% in the fourth quarter. JPMorgan Chase & Co. now owns 8,997,581 shares of the exchange traded fund’s stock valued at $784,229,000 after buying an additional 44,234,543 shares during the last quarter. Finally, Harvest Portfolios Group Inc. raised its holdings in shares of iShares 20+ Year Treasury Bond ETF by 0.9% in the third quarter. Harvest Portfolios Group Inc. now owns 3,535,387 shares of the exchange traded fund’s stock valued at $315,958,000 after buying an additional 33,088 shares during the last quarter. 73.33% of the stock is owned by institutional investors and hedge funds.

iShares 20+ Year Treasury Bond ETF Stock Down 0.8%

Shares of NASDAQ TLT opened at $86.09 on Tuesday. iShares 20+ Year Treasury Bond ETF has a 12-month low of $82.77 and a 12-month high of $92.18. The firm’s 50-day simple moving average is $85.65 and its 200 day simple moving average is $87.06. The company has a market cap of $42.84 billion, a price-to-earnings ratio of -6.75 and a beta of 0.52.

iShares 20+ Year Treasury Bond ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Thursday, June 4th. Shareholders of record on Monday, June 1st were paid a $0.3358 dividend. This is a boost from iShares 20+ Year Treasury Bond ETF’s previous monthly dividend of $0.32. This represents a c) dividend on an annualized basis and a dividend yield of 4.7%. The ex-dividend date of this dividend was Monday, June 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. 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.