Maridea Wealth Management LLC Acquires 11,588 Shares of iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT)

Maridea Wealth Management LLC lifted its holdings in iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) by 52.7% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 33,585 shares of the exchange traded fund’s stock after buying an additional 11,588 shares during the period. iShares 20+ Year Treasury Bond ETF comprises 1.0% of Maridea Wealth Management LLC’s holdings, making the stock its 18th largest holding. Maridea Wealth Management LLC’s holdings in iShares 20+ Year Treasury Bond ETF were worth $3,057,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. NBC Securities Inc. purchased a new position in shares of iShares 20+ Year Treasury Bond ETF during the 1st quarter worth about $25,000. Byrne Asset Management LLC purchased a new position in shares of iShares 20+ Year Treasury Bond ETF during the 1st quarter worth about $26,000. Proathlete Wealth Management LLC purchased a new stake in iShares 20+ Year Treasury Bond ETF in the 1st quarter valued at about $28,000. Coastline Trust Co purchased a new stake in iShares 20+ Year Treasury Bond ETF in the 1st quarter valued at about $32,000. Finally, First Pacific Financial purchased a new stake in iShares 20+ Year Treasury Bond ETF in the 1st quarter valued at about $38,000. 73.33% of the stock is currently owned by institutional investors.

iShares 20+ Year Treasury Bond ETF Stock Performance

Shares of TLT opened at $86.43 on Monday. The company has a 50 day moving average price of $86.14 and a 200-day moving average price of $87.86. iShares 20+ Year Treasury Bond ETF has a fifty-two week low of $83.29 and a fifty-two week high of $101.64. The stock has a market capitalization of $47.74 billion, a PE ratio of -6.75 and a beta of 0.06.

iShares 20+ Year Treasury Bond ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Monday, July 7th. Investors of record on Tuesday, July 1st were given a dividend of $0.3283 per share. This is a boost from iShares 20+ Year Treasury Bond ETF’s previous monthly dividend of $0.32. The ex-dividend date was Tuesday, July 1st. This represents a $3.94 dividend on an annualized basis and a yield of 4.56%.

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.