Financial Enhancement Group LLC increased its holdings in iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT – Free Report) by 122.7% in the 3rd quarter, Holdings Channel reports. The fund owned 170,442 shares of the exchange traded fund’s stock after buying an additional 93,918 shares during the quarter. iShares 20+ Year Treasury Bond ETF accounts for about 1.5% of Financial Enhancement Group LLC’s investment portfolio, making the stock its 23rd biggest position. Financial Enhancement Group LLC’s holdings in iShares 20+ Year Treasury Bond ETF were worth $13,149,000 at the end of the most recent quarter.
A number of other large investors also recently bought and sold shares of the business. LGL Partners LLC bought a new stake in shares of iShares 20+ Year Treasury Bond ETF in the 2nd quarter worth approximately $776,000. Belvedere Trading LLC purchased a new stake in shares of iShares 20+ Year Treasury Bond ETF in the 2nd quarter worth approximately $2,823,000. Waverly Advisors LLC grew its stake in shares of iShares 20+ Year Treasury Bond ETF by 38.3% in the 2nd quarter. Waverly Advisors LLC now owns 36,173 shares of the exchange traded fund’s stock worth $3,126,000 after buying an additional 10,009 shares during the last quarter. Merit Financial Group LLC raised its stake in iShares 20+ Year Treasury Bond ETF by 100.3% during the second quarter. Merit Financial Group LLC now owns 289,543 shares of the exchange traded fund’s stock valued at $25,022,000 after buying an additional 144,965 shares during the last quarter. Finally, Tidal Investments LLC raised its stake in iShares 20+ Year Treasury Bond ETF by 457.8% during the second quarter. Tidal Investments LLC now owns 76,413 shares of the exchange traded fund’s stock valued at $6,578,000 after buying an additional 62,713 shares during the last quarter. 73.33% of the stock is owned by hedge funds and other institutional investors.
Key Stories Impacting iShares 20+ Year Treasury Bond ETF
Here are the key news stories impacting iShares 20+ Year Treasury Bond ETF this week:
- Positive Sentiment: Foreign investors purchased approximately 80% of a $39 billion Treasury auction, signaling strong overseas demand for U.S. government debt and potentially providing support for longer-dated bonds. Foreign Buyers Took 80% of the Treasury’s $39 Billion Auction
- Positive Sentiment: Falling expectations for an October rate hike reduced near-term pressure on Treasury prices, although investors remain cautious because employment data could alter the outlook quickly. October Rate-Hike Odds Just Fell From 51% to 19% in One Week
- Positive Sentiment: Renewed recession concerns and signs that elevated borrowing costs are weakening the economy could increase demand for defensive, long-duration government bonds. Recession Warning: The Signals Are Lining Up
- Neutral Sentiment: Escalating Middle East tensions may encourage safe-haven buying of Treasuries, but any resulting inflation or energy-price shock could keep yields elevated. Markets Struggle As Middle East Conflict Heats Up
- Negative Sentiment: Global competition for capital has lifted real Treasury yields, increasing the return investors demand and weighing on long-duration bond valuations such as TLT. Bond Valuations Reflect Higher Hurdle for Capital
- Negative Sentiment: The Federal Reserve’s unanimous September rate increase and indications that most officials favor another hike before year-end reinforce the risk of persistently high short- and long-term yields. Every Fed Official Backed September’s Hike
iShares 20+ Year Treasury Bond ETF Price Performance
iShares 20+ Year Treasury Bond ETF Cuts Dividend
The business also recently disclosed a monthly dividend, which was paid on Tuesday, October 6th. Investors of record on Thursday, October 1st were given a dividend of $0.3116 per share. This represents a $3.74 dividend on an annualized basis and a yield of 4.8%. This is a negative change from iShares 20+ Year Treasury Bond ETF’s previous monthly dividend of $0.3147. The ex-dividend date was Thursday, October 1st.
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. 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.
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