Kiker Wealth Management LLC Invests $4.19 Million in iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT)

Kiker Wealth Management LLC purchased a new position in iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 47,939 shares of the exchange traded fund’s stock, valued at approximately $4,186,000. iShares 20+ Year Treasury Bond ETF comprises 3.4% of Kiker Wealth Management LLC’s portfolio, making the stock its 7th biggest holding.

Other hedge funds have also modified their holdings of the company. Independence Bank of Kentucky acquired a new position in shares of iShares 20+ Year Treasury Bond ETF in the fourth quarter worth $26,000. Richardson Financial Services Inc. acquired a new position in iShares 20+ Year Treasury Bond ETF during the fourth quarter worth $30,000. New Wave Wealth Advisors LLC acquired a new position in iShares 20+ Year Treasury Bond ETF during the fourth quarter worth $32,000. Van ECK Associates Corp increased its position 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 buying an additional 178 shares during the last quarter. Finally, West Branch Capital LLC increased its position 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 buying an additional 203 shares during the last quarter. 73.32% of the stock is owned by institutional investors and hedge funds.

iShares 20+ Year Treasury Bond ETF Price Performance

iShares 20+ Year Treasury Bond ETF stock opened at $91.24 on Friday. The company has a market capitalization of $51.28 billion, a price-to-earnings ratio of -7.21 and a beta of 0.36. iShares 20+ Year Treasury Bond ETF has a one year low of $84.89 and a one year high of $101.64. The company’s fifty day moving average price is $89.08 and its two-hundred day moving average price is $91.78.

iShares 20+ Year Treasury Bond ETF Cuts Dividend

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