CVS HEALTH Corp Purchases New Position in iShares 20+ Year Treasury Bond ETF $TLT

CVS HEALTH Corp purchased a new position in shares of iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 20,000 shares of the exchange traded fund’s stock, valued at approximately $1,734,000. iShares 20+ Year Treasury Bond ETF makes up 0.8% of CVS HEALTH Corp’s portfolio, making the stock its 18th biggest holding.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new stake in shares of iShares 20+ Year Treasury Bond ETF in the 4th quarter valued at about $31,000. Summer Road LLC increased its position in iShares 20+ Year Treasury Bond ETF by 117.6% during the first quarter. Summer Road LLC now owns 370 shares of the exchange traded fund’s stock worth $32,000 after buying an additional 200 shares during the period. Trust Co. of Vermont increased its position in iShares 20+ Year Treasury Bond ETF by 90.5% during the fourth quarter. Trust Co. of Vermont now owns 381 shares of the exchange traded fund’s stock worth $33,000 after buying an additional 181 shares during the period. Stone House Investment Management LLC grew its position in shares of iShares 20+ Year Treasury Bond ETF by 1,066.7% during the fourth quarter. Stone House Investment Management LLC now owns 385 shares of the exchange traded fund’s stock worth $34,000 after acquiring an additional 352 shares during the last quarter. Finally, Albion Financial Group UT purchased a new position in shares of iShares 20+ Year Treasury Bond ETF during the fourth quarter worth approximately $36,000. 73.33% of the stock is owned by hedge funds and other institutional investors.

iShares 20+ Year Treasury Bond ETF Price Performance

Shares of iShares 20+ Year Treasury Bond ETF stock opened at $83.89 on Tuesday. The firm’s fifty day simple moving average is $85.25 and its 200-day simple moving average is $86.70. iShares 20+ Year Treasury Bond ETF has a 12 month low of $82.77 and a 12 month high of $92.18. The stock has a market capitalization of $42.67 billion, a price-to-earnings ratio of -6.75 and a beta of 0.51.

iShares 20+ Year Treasury Bond ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Tuesday, July 7th. Shareholders of record on Wednesday, July 1st were paid a $0.318 dividend. The ex-dividend date was Wednesday, July 1st. This represents a c) dividend on an annualized basis and a yield of 4.5%.

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. 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.