Partners Wealth Management LLC Purchases New Position in iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT)

Partners Wealth Management LLC acquired a new position in shares of iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 3,161 shares of the exchange traded fund’s stock, valued at approximately $276,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Independence Bank of Kentucky acquired a new position in shares of iShares 20+ Year Treasury Bond ETF during the fourth quarter worth $26,000. Richardson Financial Services Inc. bought a new stake in iShares 20+ Year Treasury Bond ETF during the 4th quarter worth $30,000. New Wave Wealth Advisors LLC acquired a new position in iShares 20+ Year Treasury Bond ETF in the 4th quarter worth about $32,000. Van ECK Associates Corp raised its position in iShares 20+ Year Treasury Bond ETF by 82.4% in the fourth quarter. Van ECK Associates Corp now owns 394 shares of the exchange traded fund’s stock valued at $34,000 after purchasing an additional 178 shares during the last quarter. Finally, West Branch Capital LLC boosted its stake in shares of iShares 20+ Year Treasury Bond ETF by 94.9% during the fourth quarter. West Branch Capital LLC now owns 417 shares of the exchange traded fund’s stock valued at $36,000 after purchasing an additional 203 shares in the last quarter. Institutional investors own 73.32% of the company’s stock.

iShares 20+ Year Treasury Bond ETF Trading Up 1.2 %

NASDAQ:TLT opened at $89.57 on Monday. The stock’s 50-day moving average is $87.86 and its 200-day moving average is $92.58. iShares 20+ Year Treasury Bond ETF has a 1-year low of $84.89 and a 1-year high of $101.64. The stock has a market cap of $54.44 billion, a P/E ratio of -7.14 and a beta of 0.06.

iShares 20+ Year Treasury Bond ETF Cuts Dividend

The firm also recently announced a dividend, which was paid on Thursday, February 6th. Shareholders of record on Monday, February 3rd were issued a dividend of $0.3123 per share. The ex-dividend date was Monday, February 3rd.

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.