Brown Wealth Management LLC Has $7.10 Million Holdings in iShares 20+ Year Treasury Bond ETF $TLT

Brown Wealth Management LLC increased its position in shares of iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) by 9.6% in the second quarter, Holdings Channel.com reports. The institutional investor owned 82,196 shares of the exchange traded fund’s stock after buying an additional 7,218 shares during the period. iShares 20+ Year Treasury Bond ETF makes up 1.6% of Brown Wealth Management LLC’s holdings, making the stock its 12th biggest holding. Brown Wealth Management LLC’s holdings in iShares 20+ Year Treasury Bond ETF were worth $7,103,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of TLT. Bank of America Corp DE boosted its position in iShares 20+ Year Treasury Bond ETF by 10.5% during the fourth quarter. Bank of America Corp DE now owns 109,057,503 shares of the exchange traded fund’s stock valued at $9,505,452,000 after acquiring an additional 10,380,437 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its position in shares of iShares 20+ Year Treasury Bond ETF by 3.4% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 43,140,136 shares of the exchange traded fund’s stock worth $3,760,094,000 after acquiring an additional 1,418,641 shares in the last quarter. Morgan Stanley raised its position in shares of iShares 20+ Year Treasury Bond ETF by 31.3% in the 4th quarter. Morgan Stanley now owns 19,186,986 shares of the exchange traded fund’s stock worth $1,672,338,000 after acquiring an additional 4,577,906 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in shares of iShares 20+ Year Treasury Bond ETF by 125.5% in the 4th quarter. JPMorgan Chase & Co. now owns 8,997,581 shares of the exchange traded fund’s stock valued at $784,229,000 after purchasing an additional 44,234,543 shares during the period. Finally, Pureheart Capital Pte Ltd. acquired a new position in shares of iShares 20+ Year Treasury Bond ETF in the 4th quarter valued at about $292,683,000. Institutional investors and hedge funds own 73.33% of the company’s stock.

iShares 20+ Year Treasury Bond ETF Price Performance

Shares of iShares 20+ Year Treasury Bond ETF stock opened at $82.11 on Thursday. The stock’s 50-day moving average is $84.62 and its 200 day moving average is $86.14. iShares 20+ Year Treasury Bond ETF has a one year low of $81.89 and a one year high of $92.18. The firm has a market cap of $41.36 billion, a price-to-earnings ratio of -6.75 and a beta of 0.51.

iShares 20+ Year Treasury Bond ETF Announces Dividend

The firm also recently declared a dividend, which was paid on Thursday, August 6th. Shareholders of record on Monday, August 3rd were issued a dividend of $0.3305 per share. The ex-dividend date was Monday, August 3rd.

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. The Underlying Index includes all publicly-issued the United States Treasury securities that have a remaining maturity of greater than or equal to 20 years.