Strong Tower Advisory Services Invests $15.63 Million in iShares 20+ Year Treasury Bond ETF $TLT

Strong Tower Advisory Services acquired a new position in iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) during the fourth quarter, Holdings Channel.com reports. The firm acquired 179,351 shares of the exchange traded fund’s stock, valued at approximately $15,632,000. iShares 20+ Year Treasury Bond ETF comprises 2.8% of Strong Tower Advisory Services’ holdings, making the stock its 9th biggest holding.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in TLT. Brighton Jones LLC raised its position in iShares 20+ Year Treasury Bond ETF by 28.0% during the fourth quarter. Brighton Jones LLC now owns 2,747 shares of the exchange traded fund’s stock valued at $240,000 after acquiring an additional 601 shares in the last quarter. Capstone Wealth Management Group LLC raised its position in iShares 20+ Year Treasury Bond ETF by 409.3% during the first quarter. Capstone Wealth Management Group LLC now owns 50,847 shares of the exchange traded fund’s stock valued at $4,629,000 after acquiring an additional 40,863 shares in the last quarter. Russell Investments Group Ltd. raised its position in iShares 20+ Year Treasury Bond ETF by 520.4% during the second quarter. Russell Investments Group Ltd. now owns 608 shares of the exchange traded fund’s stock valued at $54,000 after acquiring an additional 510 shares in the last quarter. Bank of Nova Scotia raised its position in iShares 20+ Year Treasury Bond ETF by 1,026.7% during the second quarter. Bank of Nova Scotia now owns 53,633 shares of the exchange traded fund’s stock valued at $4,733,000 after acquiring an additional 48,873 shares in the last quarter. Finally, FAS Wealth Partners Inc. raised its position in iShares 20+ Year Treasury Bond ETF by 79.2% during the second quarter. FAS Wealth Partners Inc. now owns 1,389 shares of the exchange traded fund’s stock valued at $123,000 after acquiring an additional 614 shares in the last quarter. Institutional investors and hedge funds own 73.33% of the company’s stock.

iShares 20+ Year Treasury Bond ETF Trading Down 0.2%

Shares of TLT stock opened at $86.49 on Friday. The stock has a 50 day moving average of $87.86 and a 200 day moving average of $88.59. The stock has a market cap of $41.99 billion, a P/E ratio of -6.75 and a beta of 0.57. iShares 20+ Year Treasury Bond ETF has a twelve month low of $83.29 and a twelve month high of $92.18.

iShares 20+ Year Treasury Bond ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Tuesday, April 7th. Investors of record on Wednesday, April 1st were given a dividend of $0.3448 per share. This is a boost from iShares 20+ Year Treasury Bond ETF’s previous monthly dividend of $0.30. This represents a c) annualized dividend and a yield of 4.8%. The ex-dividend date was Wednesday, April 1st.

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. 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.