Magnus Financial Group LLC Raises Position in iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT)

Magnus Financial Group LLC raised its stake in shares of iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) by 48.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,190 shares of the exchange traded fund’s stock after purchasing an additional 1,363 shares during the period. Magnus Financial Group LLC’s holdings in iShares 20+ Year Treasury Bond ETF were worth $381,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of TLT. Capula Management Ltd bought a new position in iShares 20+ Year Treasury Bond ETF in the fourth quarter worth approximately $455,550,000. State of Tennessee Department of Treasury bought a new position in iShares 20+ Year Treasury Bond ETF in the fourth quarter worth approximately $194,796,000. Wealthfront Advisers LLC grew its stake in iShares 20+ Year Treasury Bond ETF by 1,901.0% in the fourth quarter. Wealthfront Advisers LLC now owns 1,588,699 shares of the exchange traded fund’s stock worth $138,741,000 after purchasing an additional 1,509,302 shares in the last quarter. FMR LLC grew its stake in iShares 20+ Year Treasury Bond ETF by 24.3% in the fourth quarter. FMR LLC now owns 7,274,989 shares of the exchange traded fund’s stock worth $635,325,000 after purchasing an additional 1,421,699 shares in the last quarter. Finally, Renaissance Technologies LLC grew its stake in iShares 20+ Year Treasury Bond ETF by 751.1% in the fourth quarter. Renaissance Technologies LLC now owns 1,199,986 shares of the exchange traded fund’s stock worth $104,795,000 after purchasing an additional 1,059,000 shares in the last quarter. Institutional investors own 73.32% of the company’s stock.

iShares 20+ Year Treasury Bond ETF Stock Down 1.3%

Shares of NASDAQ:TLT opened at $85.35 on Friday. The business’s 50 day moving average is $87.24 and its 200 day moving average is $88.76. The stock has a market cap of $46.18 billion, a P/E ratio of -6.91 and a beta of 0.06. iShares 20+ Year Treasury Bond ETF has a 52-week low of $83.30 and a 52-week high of $101.64.

iShares 20+ Year Treasury Bond ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Thursday, June 5th. Shareholders of record on Monday, June 2nd were issued a dividend of $0.3195 per share. The ex-dividend date was Monday, June 2nd. This represents a $3.83 dividend on an annualized basis and a yield of 4.49%.

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.