DRW Securities LLC Makes New $63.06 Million Investment in iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT)

DRW Securities LLC bought a new position in iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) in the 3rd quarter, Holdings Channel.com reports. The fund bought 642,809 shares of the exchange traded fund’s stock, valued at approximately $63,060,000. iShares 20+ Year Treasury Bond ETF accounts for about 1.8% of DRW Securities LLC’s portfolio, making the stock its 5th largest holding.

Other institutional investors have also modified their holdings of the company. Thurston Springer Miller Herd & Titak Inc. bought a new position in iShares 20+ Year Treasury Bond ETF during the second quarter worth $34,000. Riggs Asset Managment Co. Inc. acquired a new stake in shares of iShares 20+ Year Treasury Bond ETF during the second quarter worth $35,000. ORG Wealth Partners LLC bought a new position in shares of iShares 20+ Year Treasury Bond ETF in the 3rd quarter worth about $35,000. Anfield Capital Management LLC acquired a new position in shares of iShares 20+ Year Treasury Bond ETF in the 2nd quarter valued at about $36,000. Finally, PSI Advisors LLC grew its position in shares of iShares 20+ Year Treasury Bond ETF by 79.6% during the 2nd quarter. PSI Advisors LLC now owns 413 shares of the exchange traded fund’s stock valued at $38,000 after buying an additional 183 shares during the last quarter. Institutional investors and hedge funds own 73.32% of the company’s stock.

iShares 20+ Year Treasury Bond ETF Stock Up 0.1 %

Shares of NASDAQ TLT opened at $90.39 on Monday. The firm’s 50-day moving average price is $94.14 and its two-hundred day moving average price is $94.27. iShares 20+ Year Treasury Bond ETF has a 52-week low of $87.34 and a 52-week high of $101.64. The stock has a market capitalization of $58.55 billion, a P/E ratio of -7.14 and a beta of 0.06.

iShares 20+ Year Treasury Bond ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Wednesday, November 6th. Investors of record on Friday, November 1st were issued a $0.3105 dividend. This is an increase from iShares 20+ Year Treasury Bond ETF’s previous monthly dividend of $0.29. The ex-dividend date was Friday, November 1st. This represents a $3.73 annualized dividend and a dividend yield of 4.12%.

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.