PNC Financial Services Group Inc. Boosts Stock Holdings in iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT)

PNC Financial Services Group Inc. boosted its stake in shares of iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) by 13.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 344,783 shares of the exchange traded fund’s stock after purchasing an additional 41,164 shares during the period. PNC Financial Services Group Inc. owned approximately 0.06% of iShares 20+ Year Treasury Bond ETF worth $30,110,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of TLT. Independence Bank of Kentucky purchased a new position in iShares 20+ Year Treasury Bond ETF during the fourth quarter worth approximately $26,000. Richardson Financial Services Inc. purchased a new position in iShares 20+ Year Treasury Bond ETF during the fourth quarter worth approximately $30,000. New Wave Wealth Advisors LLC purchased a new position in iShares 20+ Year Treasury Bond ETF during the fourth quarter worth approximately $32,000. Van ECK Associates Corp raised its stake in iShares 20+ Year Treasury Bond ETF by 82.4% during the fourth quarter. Van ECK Associates Corp now owns 394 shares of the exchange traded fund’s stock worth $34,000 after purchasing an additional 178 shares during the period. Finally, West Branch Capital LLC raised its stake in 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 worth $36,000 after purchasing an additional 203 shares during the period. Hedge funds and other institutional investors own 73.32% of the company’s stock.

iShares 20+ Year Treasury Bond ETF Stock Down 0.3 %

NASDAQ:TLT opened at $90.11 on Monday. The company has a market cap of $54.77 billion, a P/E ratio of -7.34 and a beta of 0.06. iShares 20+ Year Treasury Bond ETF has a fifty-two week low of $84.89 and a fifty-two week high of $101.64. The firm’s 50 day moving average is $88.41 and its two-hundred day moving average is $92.15.

iShares 20+ Year Treasury Bond ETF Cuts Dividend

The firm also recently announced a dividend, which was paid on Thursday, March 6th. Stockholders of record on Monday, March 3rd were paid a $0.2898 dividend. The ex-dividend date of this dividend was Monday, March 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.