102,328 Shares of iShares 20+ Year Treasury Bond ETF $TLT Acquired by Ridgepath Capital Management LLC

Ridgepath Capital Management LLC purchased a new stake in shares of iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) during the third quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 102,328 shares of the exchange traded fund’s stock, valued at approximately $7,959,000. iShares 20+ Year Treasury Bond ETF comprises about 4.4% of Ridgepath Capital Management LLC’s portfolio, making the stock its 6th biggest holding.

A number of other institutional investors have also recently made changes to their positions in the stock. Envestnet Asset Management Inc. boosted its holdings in iShares 20+ Year Treasury Bond ETF by 18.3% in the second quarter. Envestnet Asset Management Inc. now owns 5,550,822 shares of the exchange traded fund’s stock worth $479,702,000 after purchasing an additional 860,164 shares during the last quarter. Aozora Bank LTD. purchased a new stake in iShares 20+ Year Treasury Bond ETF during the 2nd quarter valued at $198,507,000. The Manufacturers Life Insurance Company raised its stake in iShares 20+ Year Treasury Bond ETF by 141.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,311,965 shares of the exchange traded fund’s stock valued at $113,380,000 after buying an additional 769,615 shares during the last quarter. HighTower Advisors LLC lifted its holdings in shares of iShares 20+ Year Treasury Bond ETF by 30.1% during the 2nd quarter. HighTower Advisors LLC now owns 1,052,408 shares of the exchange traded fund’s stock valued at $90,949,000 after buying an additional 243,793 shares during the period. Finally, State Street Corp lifted its holdings in shares of iShares 20+ Year Treasury Bond ETF by 34.1% during the 2nd quarter. State Street Corp now owns 739,553 shares of the exchange traded fund’s stock valued at $63,912,000 after buying an additional 188,174 shares during the period. Hedge funds and other institutional investors own 73.33% of the company’s stock.

iShares 20+ Year Treasury Bond ETF Price Performance

TLT stock opened at $81.84 on Monday. iShares 20+ Year Treasury Bond ETF has a 1 year low of $76.43 and a 1 year high of $90.86. The company has a market cap of $47.57 billion, a P/E ratio of -6.75 and a beta of 0.52. The stock’s fifty day moving average price is $80.50 and its 200-day moving average price is $84.65.

iShares 20+ Year Treasury Bond ETF Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Thursday, November 5th. Stockholders of record on Monday, November 2nd will be paid a dividend of $0.3432 per share. The ex-dividend date is Monday, November 2nd. This represents a $4.12 annualized dividend and a dividend yield of 5.0%. This is a boost from iShares 20+ Year Treasury Bond ETF’s previous monthly dividend of $0.3116.

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.