Miller Financial Services LLC Makes New Investment in iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT)

Miller Financial Services LLC acquired a new position in shares of iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 33,632 shares of the exchange traded fund’s stock, valued at approximately $2,937,000. iShares 20+ Year Treasury Bond ETF makes up approximately 2.5% of Miller Financial Services LLC’s portfolio, making the stock its 5th biggest holding.

Several other hedge funds have also recently bought and sold shares of the stock. Global View Capital Management LLC acquired a new position in iShares 20+ Year Treasury Bond ETF during the fourth quarter worth $353,000. Tortoise Investment Management LLC grew its holdings in shares of iShares 20+ Year Treasury Bond ETF by 135.1% during the fourth quarter. Tortoise Investment Management LLC now owns 19,575 shares of the exchange traded fund’s stock worth $1,709,000 after purchasing an additional 11,248 shares during the last quarter. Independent Advisor Alliance grew its holdings in shares of iShares 20+ Year Treasury Bond ETF by 361.9% during the fourth quarter. Independent Advisor Alliance now owns 144,234 shares of the exchange traded fund’s stock worth $12,596,000 after purchasing an additional 113,008 shares during the last quarter. Midland Wealth Advisors LLC grew its holdings in shares of iShares 20+ Year Treasury Bond ETF by 8.5% during the fourth quarter. Midland Wealth Advisors LLC now owns 612,085 shares of the exchange traded fund’s stock worth $53,453,000 after purchasing an additional 47,903 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of iShares 20+ Year Treasury Bond ETF by 150.0% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 21,750 shares of the exchange traded fund’s stock worth $1,910,000 after purchasing an additional 13,050 shares during the last quarter. 73.32% of the stock is currently owned by institutional investors and hedge funds.

iShares 20+ Year Treasury Bond ETF Stock Performance

Shares of TLT stock opened at $91.05 on Tuesday. The stock’s fifty day moving average is $88.41 and its 200-day moving average is $92.15. The stock has a market capitalization of $55.34 billion, a PE ratio of -7.34 and a beta of 0.06. iShares 20+ Year Treasury Bond ETF has a 52 week low of $84.89 and a 52 week high of $101.64.

iShares 20+ Year Treasury Bond ETF Cuts Dividend

The firm also recently announced a dividend, which was paid on Thursday, March 6th. Stockholders of record on Monday, March 3rd were issued a dividend of $0.2898 per share. The ex-dividend date of this dividend was Monday, March 3rd.

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.