Lake Street Private Wealth LLC Buys 2,639 Shares of iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT)

Lake Street Private Wealth LLC boosted its stake in iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) by 15.1% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 20,164 shares of the exchange traded fund’s stock after purchasing an additional 2,639 shares during the quarter. Lake Street Private Wealth LLC’s holdings in iShares 20+ Year Treasury Bond ETF were worth $1,835,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of TLT. NBC Securities Inc. purchased a new stake in shares of iShares 20+ Year Treasury Bond ETF during the 1st quarter valued at about $25,000. Van ECK Associates Corp boosted its stake in shares of 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 valued at $34,000 after purchasing an additional 178 shares in the last quarter. Fairway Wealth LLC bought a new position in shares of iShares 20+ Year Treasury Bond ETF during the fourth quarter valued at approximately $63,000. Guardian Wealth Advisors LLC NC boosted its stake in shares of iShares 20+ Year Treasury Bond ETF by 92.0% during the fourth quarter. Guardian Wealth Advisors LLC NC now owns 772 shares of the exchange traded fund’s stock valued at $67,000 after purchasing an additional 370 shares in the last quarter. Finally, Equitec Proprietary Markets LLC lifted its position in iShares 20+ Year Treasury Bond ETF by 33.3% during the fourth quarter. Equitec Proprietary Markets LLC now owns 800 shares of the exchange traded fund’s stock valued at $70,000 after acquiring an additional 200 shares during the last quarter. Hedge funds and other institutional investors own 73.32% of the company’s stock.

iShares 20+ Year Treasury Bond ETF Stock Up 1.6%

NASDAQ:TLT opened at $86.39 on Thursday. iShares 20+ Year Treasury Bond ETF has a 52 week low of $83.30 and a 52 week high of $101.64. The firm has a 50 day moving average of $87.46 and a 200 day moving average of $88.82. The stock has a market capitalization of $46.75 billion, a price-to-earnings ratio of -6.91 and a beta of 0.06.

iShares 20+ Year Treasury Bond ETF Cuts Dividend

The company also recently announced a monthly dividend, which will be paid on Thursday, June 5th. Investors of record on Monday, June 2nd will be given a dividend of $0.3195 per share. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $3.83 dividend on an annualized basis and a yield of 4.44%.

About iShares 20+ Year Treasury Bond ETF

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.